Developed economies are implementing massive fiscal stimulus packages, but fiscal multipliers are not certain, financing budget deficits will not be easy, the risk of default looms, and central bank independence may be eroded.

Barack Obama’s presidency has had profoundly negative consequences for our national security. From debilitating cuts in defense budgets, to gutting national missile defense efforts, to his unwillingness to acknowledge a continuing war against terrorism, to his inability to stem the nuclear proliferation threats posed by North Korea and Iran....the picture is bleak.

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.

This Bradley Lecture is based on Brooks’s new book, “The Road to Freedom: How to Win the Fight for Free Enterprise” (Basic Books, May 2012).

In his new book, “Phake: The Deadly World of Falsified and Substandard Medicines,” Roger Bate explores the underground trade in illegal medicines that kills over 100,000 people per year and supplants billions of dollars of real products.

In a recent post, American Enterprise Institute (AEI) education expert Andrew Kelly highlights a notable trend: prestigious academic institutions are beginning to offer open, online courses. Kelly explains that if employers and less prestigious colleges begin to accept the credit earned in these...

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.

The question of the proper size and scope of government creates many rifts, even among conservatives. In this AEI debate, both Brooks and Ryan make the case for their competing visions of America. The conversation serves as a vivid reminder that even those who often agree on most things can differ on the basic question of the government's purpose.