Sir, Paul de Grauwe’s suggestion that stepped-up direct intervention by the European Central Bank in the European government bond markets would offer a solution to the Eurozone debt crisis rests on two dangerous misperception.

This article is the first to show that foreign investors care about economic freedoms, rather than political freedoms, in making decisions about where to locate capital. Hence more democratic countries may receive less Foreign Direct Investment (FDI) flows if economic freedoms are not guaranteed.

A new report by the American Enterprise Institute (AEI) and the Institute for the Study of War (ISW) argues that one of the greatest mistakes the United States can make is to imagine that Iranian activities in a given arena--the nuclear program, for example--are isolated from Iranian undertakings in another. The report examines those other areas

Growing attention to federal deficits indicates that Congress will more carefully scrutinize  the efficiency of taxpayer support for farm programs. What constitutes an efficient use of taxpayer money, however, is open to various interpretations. 

The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. This tax would be calculated not only based on mileage flown in EU airspace but also for the entire length of the flight (thus, Chinese and Japanese airlines would be taxed for an entire journey from Beijing or Tokyo).

Iran is at the threshold of a nuclear weapons capability. Sanctions, direct action, and diplomatic tools have neither changed Iran’s nuclear policy nor had a visible effect on the enrichment program, including the growing stockpile of 19.75% LEU.

The United States and its allies and partners must not only understand Iran’s regional strategy and influence but also develop a coherent strategy of their own with which to confront them. Considering the relative economic, political, and diplomatic power of the two sides, it is unacceptable for the United States and its allies to allow Iran even such progress as it has made in these realms.

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