Speaking in 2009 about America’s approach to North Korea, then-Secretary of Defense Robert Gates famously remarked, “I’m tired of buying the same horse twice.” President Obama just repurchased that horse — and it’s a scrub.

Obama's calibration of strategy, with a greater focus on politically-motivated deadlines and less emphasis on security realities on the ground, is a strategic mistake.

"Shareholders" are individuals who personally own shares of stock; agents should not be included in this category.

Increasing regulation, and spreading it over the rest of the financial economy, may solve Congress's problem, but it makes everything else worse.

President Obama should rethink his approach to financial market reform.

Since the crime explosion of the 1960s, the prison population in the United States has grown fivefold--a rate unprecedented in American history. Is there an alternative to incarceration?