In "Freedom’s Forge: How American Business Produced Victory in World War II," Pulitzer Prize finalist Arthur Herman describes how the U.S. won history’s greatest conflict by harnessing free market principles and private-sector creativity and innovation to increase war production.

We are not in a cold war with China. That is too simple a metaphor to describe the state of Sino-American relations.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

The approaching anniversary of the First World War should be a time of commemoration equal to the stupendous scale of the war itself.

With Europe collapsing, China stumbling, and India and Brazil retreating from full free market reform, we’re the last stable, pro-growth economy left.  

In Freedom's Forge, bestselling author Arthur Herman takes us back to that time, revealing how two extraordinary American businessmen-automobile magnate William Knudsen and shipbuilder Henry J. Kaiser-helped corral, cajole, and inspire business leaders across the country to mobilize the "arsenal of democracy" that propelled the Allies to victory in World War II.

As NATO summits go, this weekend's meeting of the alliance's members in Chicago may be memorable if only for being the least memorable one in recent history. Of course, quiet summits are not necessarily bad summits. 

Under current law, the U.S. Department of Defense automatically faces significant spending cuts over the next 10 years—cuts that america's civilian and military leaders have cadidly described as "devastating" and "very high risk."