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A wholesale rejection of any active role for American foreign policy is unwise and reckless, and would ultimately jeopardize libertarian principles of individual freedom.

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070715oecd

Too much crony capitalism, not enough competitive capitalism.

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There are two essential questions for the future of energy: Will the PRC continue to accept, however grudgingly, the world order in most of its dimensions, or more aggressively try to reshape it in accordance with its own perceived interests? For the U.S., the main strategic question is whether it will devote the economic and diplomatic resources necessary to preserving the liberal order it helped create.

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A U.S. Marine attached to Weapons Company, 1st Battalion, 3rd Marine Regiment - "The Lava Dogs" fires a Javelin at an enemy tank during Lava Viper aboard Pohakuloa Training Area, Hi., May 29, 2015.Marines of Weapon Company train on anti-armor procedures while at Lava Viper. Department of Defense | Flickr

Long-term strategic success necessitates using armed forces beyond declared warfare, maintaining military presence in foreign regions, fostering sociocultural understandings, and aligning operations with other elements of national power.

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The latest from James Pethokoukis and the AEIdeas blog.

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Actually, workers benefit a lot more than their bosses.

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America is in a miasma of political correctness.

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For housing finance, as house prices rise above their trend, reduce the allowable loan-to-value ratios and increase required down payments, and put heavier capital requirements on the mortgage loans of lenders, writes AEI Scholar Alex J. Pollock in Housing Finance International: the Quarterly Journal of the International Union for Housing Finance.

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On average, this expanded US Social Security would be about 10% more generous than the Greek pension system. Make your own judgments.

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All the wonderful qualities of Scandinavian society “predated the development of the welfare state” and “all these indicators began to deteriorate after the expansion of the Scandinavian welfare states and the increase in taxes necessary to fund it,”  argues Nima Sanandaji.

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