President Obama’s decision to withdraw U.S. troops is the mother of all disasters.

As the Obama administration speeds up the drawdown in troops and rushes for the exit from Afghanistan, the Taliban has begun to celebrate the American withdrawal as a victory, and it is preparing for a comeback after foreign troops leave the country.

Hope springs eternal among policy makers in Europe’s beleaguered periphery. At five minutes to midnight in Athens, and with a bank run having started in Madrid, these policy makers cling to the forlorn hope that somehow Germany is going to relent on its strong opposition to euro bonds.

The real name of the Dodd-Frank Act should be the "Faith in Bureaucracy Act." This is a faith I do not share. I see no evidence that the human minds operating in regulatory bureaucracies, and driven to political defense and expansion of their own jurisdiction and power, have any superior insight into the unknowable future and its ineradicable uncertainty.

It is quite telling that if President Obama had to construct a strategy for defeat, it would not differ from what he and his aides describe as America’s way forward.

The danger that Islamist groups may exploit a Libyan vacuum power is real, but no reason for the US to be silent.

In the aftermath of the midterm election, President Obama has claimed that he got all of the policies right, but his self-exonerating narrative is simply wrong.

President Obama has announced his intention to conduct a review of U.S. strategy in Afghanistan from first principles before deciding whether or not to accept General Stanley McChrystal's proposed strategy and request for more forces.