Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis

Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis

Russ Roberts argues that leverage—using “other people’s money”—was the central cause of the crash of 2008 and that a new approach to financial crisis management is necessary.



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We Shot the War: Overseas Weekly in Vietnam

We Shot the War: Overseas Weekly in Vietnam

Explores the legacy of Overseas Weekly, a muckraking military tabloid that covered the Vietnam War and earned a reputation as “the least popular publication at the Pentagon.”



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Roots of the Issei: Exploring Early Japanese American Newspapers

Roots of the Issei: Exploring Early Japanese American Newspapers

Examines the emergence of key Japanese American generational terms in the early 20th century using digitized Japanese American newspapers.



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Urging More from Our NATO Allies

The United States should never expect to achieve full burden-sharing with the European members of the North Atlantic Treaty Organization (NATO). Even in the most balanced alliances, the most powerful member will pay some premium for ensuring its credibility and effectiveness. The United States can strive plausibly to minimize but not eliminate the massive degree of free riding and strategic incoherence that has become politically untenable and s...
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European Defense

Europe was never a full partner in its own defense. The very question—Will Europe ever fully partner with the U.S., or will the European Union and NATO continue to downplay the necessity of military readiness?—is no longer meaningful as posed, because the political energies of Europe’s elites are absorbed as they try to fend off attacks on their legitimacy by broad sectors of their population.
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NATO Renewed (Coming Soon To A Theater Of War Near You)

Clio, the muse of history, has a fabulous sense of irony: As the human pageant unfolds, she delights in confounding our intentions and expectations. Thus, two public enemies of the North Atlantic Treaty Organization (whose acronym, NATO, sounds like another Greek deity) promise to be the unwitting saviors of the alliance, rescuing it from complacency, lethargy, and diminishing relevance.
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Facebook Urged To Give Users Greater Control Over What They See

Academics at the universities of Oxford and Stanford think Facebook should give users greater transparency and control over the content they see on its platform. They also believe the social networking giant should radically reform its governance structures and processes to throw more light on content decisions, including by looping in more external experts to steer policy.
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