Senator Marsha Blackburn (R-TN) argues it is time for the United States to make policy decisions to bolster domestic manufacturing of pharmaceuticals and shift away from Mainland China. During an appearance on Fox News Channel’s “Justice” on Saturday, Blackburn laid out her plan, a bipartisan effort with Sen. Robert Menendez (D-NJ), incentivize those moves. “It is the Securing America’s Medicine Cabinet Bill,” she said. ‘And this is something that I had focused on for a while. I was concerned about what was happening with antibiotics, and with some prescriptions that were so necessary for surgeries in our country, and we…

September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed’s target rate.The New York Fed claimed its intervention was a temporary measure, but it has not stopped pumping money into the repo market since September. Also, the Federal Reserve has been expanding its balance sheet since September. Investment…

“It’s official: The U.S. is the world’s leading terrorist state, and proud of it.” That should have been the headline for the lead story in the New York Times on October 15, which was more politely titled “CIA Study of Covert Aid Fueled Skepticism About Helping Syrian Rebels.” The article reports on a CIA review of recent U.S. covert operations to determine their effectiveness. The White House concluded that unfortunately successes were so rare that some rethinking of the policy was in order. The article quoted President Barack Obama as saying that he had asked the CIA to conduct the…

Europe is in disarray. Millions of people are under lockdown, the private sector is on its knees, governments are struggling to counter a completely unexpected adversary while maintaining some semblance of order. And that’s just COVID-19. Imagine the impact of an additional crisis at such a moment, caused by one of the West’s adversaries. “God is watching us from a distance,” sang Bette Midler. U.S. and European leaders can be sure that somebody else is also watching them from a distance, too: Russian President Vladimir Putin and other leaders of countries competing with the West. The new coronavirus has, as of March…

“How does America change if our intelligence agencies were more accurate in their assessment of Saddam Hussein’s chemical and nuclear weapons programs?”The question was posed, just the other day, in “Make America Competent Again,” by David French, at the Dispatch, a neoconservative website. The tract is an agony aunt’s meander that calls on shoring-up competency in state and civil society.But first: Dissecting, deconstructing and exposing the neoconservative mindset and machinations matters. The reason is this:Thanks to President Trump, neoconservatives are not exactly having a moment—they’re down in the doldrums. But they’ll be back. For neoconservatives and liberal interventionists make up…