Is global governance fundamentally different from earlier forms of international cooperation? Is it a necessary response to the effects of globalization? Does the U.S. Constitution limit the ways the United States can engage in global governance? The AEI Project on Sovereignty will explore the effects of globalization on international law, institutions and the Constitution. 

Opponents of capital punishment are extremely selective about the cases they make into public crusades. Strategically, that's smart; you don't want to lead your argument with "unsympathetic persons." But logically, it's problematic.

American Enterprise Institute economist Peter Wallison explains why the recent JP Morgan losses are proof that the Volcker Rule is unworkable and should be abandoned.

President Obama promised that the brunt of any financial reckoning will fall mostly only on those making more than $250,000 annually. Under his healthcare plan, the economic agony starts at income levels that fall much lower than that.

For all the talk about the Affordable Care Act's mandate to purchase insurance, you might think that the mandate is the linchpin of the entire law. It isn't, at least from the standpoint of whether the insurance market will collapse without it. 

It has been reported that the Obama campaign this year, as in 2008, has disabled or chosen not to use AVS in screening contributions made by credit card. That doesn't sound very important. But it's evidence of a modus operandi that strikes me as thuggish.

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

A world lacking in passion also lacks the necessary components for punishment.