George Bush, Protectionist

“I’ve abandoned free-market principles to save the free-market system,” President Bush told CNN, defending his offer of $17 billion in loans to the Big Three “to make sure the economy doesn’t collapse.” Thus did Bush concede that protectionism, if a critical U.S. industry is in peril, must trump free-trade ideology. …

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Will the Terrorists Succeed Again?

Arguably the most successful act of revolutionary terror was the June 1914 assassination of the Archduke Francis Ferdinand in Sarajevo. Believing his mission to murder the heir to the Austrian throne had failed, Gavrilo Princip suddenly found himself standing a few feet away from the royal car. He fired twice, …

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