Despite China's emergence as an economic power and all the talk about how America has become a service economy, U.S. manufacturing is alive and well. But there is a fly in the ointment -- the U.S. has become dangerously dependent on imports of raw materials needed to keep the economy moving.

This is the season of generational twaddle. At graduation ceremonies across the country, politicians, authors, actors, and businessmen take to the stage to tell young people they are fantastic simply because they are young. This year, the ritual is more pathetic than usual because there’s a presidential election in the offing.

Despite China's emergence as an economic power and all the talk about how America has become a service economy, U.S. manufacturing is alive and well.

What sort of economic model will Raúl leave behind? And what strategies can restore genuine economic opportunity and freedom to the Cuban people? Please join us for a discussion of these topics and more, keynoted by Castro scholar, author and former U.S. intelligence analyst Brian Latell.

Philip Ewing, of DOD Buzz, points out another possibility that I didn’t contemplate: that we could “swing and miss,” as he puts it. In other words, try to shoot down the missile and fail to do so.

The average American would believe that the nation's need for substantial nuclear fuel, oil, natural gas, and coal will soon be a distant memory, based on the Obama administration's strident emphasis on developing "alternative" energy sources. The reality, however, is quite different.

If the nation truly wants to address the wild roller coaster of price swings, it's important to understand the factors that affect prices.

The following is a summary highlighting testimony by AEI Director of Economic Policy Studies Kevin Hassett to the Joint Economic Committee at a hearing entitled "How the Taxation of Capital Affects Growth and Employment."