Conventional wisdom holds that the Navy and Air Force escaped the budget drill mostly intact while the Army endured the bulk of cuts. But the truth is that all of the services are shrinking and aging under the Obama budget.

NGOs that claim to represent broad "ethical principles" often justify their tactics by claiming to be stakeholders.

There are a number of misconceptions about the future of Social Security.

Chinese investment is increasing in Zimbabwe;the geo-political context of southern Africa is changing.

In a recent letter, Martin Lobel describes as "intellectually bankrupt" our arguments against S. 940 and S. 2204, two recent bills that would have imposed unfavorable tax rules on five large oil companies that would not have applied to other taxpayers. Unfortunately, Lobel mischaracterizes our analysis of why the bills violate the rule of law.

The dividend tax cut is a welcome surprise. It has been much better than many people expected, highlighting the truth that the right policies can make a big difference for investors.

How a forced stand-off between two groups who have equal and opposing claims on the outcome could have been avoided entirely.

The Byzantine Empire’s long run — 1,100 years — may seem remote from the 21st century, but a reading of its history offers at least three timeless lessons.