Free Republic

From ancient Rome to modern America, the impulse to wall off economies in times of crisis has proven consistently disastrous. Whether through tariff wars, currency debasement, or autarkic fantasies, economic nationalism has repeatedly triggered collapse -- not recovery Politicising structural economic fundamentals always leads to chaos, as history tells us. In the early 1930s, American President Herbert Hoover faced an agonising decision. The global economy, already reeling from the crash of 1929 and the calamity of the Great Depression, presented Hoover with mounting demands from his supporters for protectionism as a means of shielding the American economy from further harm....

Analysis In an unprecedented joint public appearance, CIA Director William Burns and MI6 Chief Richard Moore assert the enduring strength of their intelligence agencies Last week, the heads of major Western intelligence agencies made a striking public appearance, first with a provocative op-ed and then in a high-profile interview with the Financial Times editor. Although some questions remained unanswered, their statements provided critical insights into their covert and overt operations. William Joseph Burns, Director of the CIA, and Richard Peter Moore, head of MI6/SIS, both distinguished diplomats before their current roles, asserted with conviction that their organisations are more formidable...