Why Israel Won't Attack Iran Anytime Soon

Robin Wright, The Atlantic
We're nowhere near the point of no return. Far from it. Jeff Goldberg laid out the worst-case scenario, but not necessarily the most likely. His exhaustive reporting also assembled part of the picture, albeit a pivotal part, but by no means the entire intricate mosaic.The United States and the many other parties now consumed with Iran's controversial nuclear program have at least a year of intense diplomacy -- and possibly much longer -- before they even consider military options. And that assumes diplomacy totally collapses, the Iranians can be clearly blamed, and reliable...

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The Fed Can't Solve Our Economic Woes

Gerald O'Driscoll, Wall St. Journal
A policy of low interest rates is a textbook response of monetary authorities to the economic weakness brought on by deficient aggregate demand. The policy is justified by pointing to various ways in which money can promote economic activity—including by stimulating investment, discouraging savings, encouraging consumption spending, and allowing individuals to lower their debt burdens by refinancing existing debt. While these effects are theoretically plausible, this textbook policy does not apply to our present situation.First, our lingering crisis and economic weakness was brought...

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