From the Summer 2003 issue
Like it or not, America today finds itself an imperial power committed
to maintaining an empire. The only question is what kind of empire? download
PDF
By Robert W. Merry
A L S O in the Summer 2003 issue:
The Conscience of the Fed
First he rose to become the Federal Reserve’s top staffer. Now he
helps set the pace as one of Washington’s newest Fed governors.
TIE’s exclusive interview with Donald Kohn.
Do Budget
Deficits Affect Long-Term Interest Rates?
U.S. federal budget deficits are back big time. What will be
their long-term consequences? Seven big thinkers enter the
ring, gloves up.
download PDF
By R. Glenn
Hubbard, Pete Peterson, Larry Kudlow, Barney Frank, Jack Kemp,
Gene Sperling, and Alan Reynolds
Fixing Wall
Street
A first step toward restoring customer trust in the system.
By Martin Mayer
Will the Fallen
U.S. Dollar Set the Stage for a Global Economic Boom a Year or
Two From Now?
A symposium of views
Five Myths
About the Oil Industry
Particularly since September 11, global chatter keeps offering
up supposedly accepted notions about oil. TIE asked an
expert to address some of
the confusion.
By J. Robinson West
German vs.
German
A strange new personal war has broken out between IMF head
Horst Köhler
and German Finance Minister Hans Eichel. But beneath the surface, even
larger issues—including perceived American heavy-handedness—are
at stake.
By Klaus C. Engelen
The Newfoundland
Lesson
During the 1930s, long before the IMF, the British Empire
coped with a debt crisis in a small country. This is
a tale of the
choice between
debt and democracy. It shouldn’t be forgotten.
By David Hale
In Defense
of Globalization
Why cultural exchange is still an overwhelming force
for good.
By Philippe Legrain
The Grand Playmaker
Every so often TIE sits down with its old friend,
former Secretary of State Lawrence Eagleburger,
to talk about
the world. As
always, he doesn’t disappoint. download PDF
Dealing
With the Russians
Imagine you’re sitting in the Oval Office. What advice would
you offer George W. Bush?
A symposium of views
An Iraq Currency
Game Plan
Either adopt the classic British currency board model
or simply “dollarize” Iraq.
By Steve Hanke
How to Establish
a Credible Iraqi Central Bank
The argument for inflation targeting.
By Stephen G. Cecchetti
Fukui’s
Mission Impossible
Some now argue the Bank of Japan—with a would-be reformer at the
helm—is the answer. Actually, the Central Bank is still part
of the Japan problem.
By Tadashi Nakamae
Japan’s
Dying Market Economy
Why Tokyo desperately needs to adopt the
South Korean model.
By Masaaki Kanno
