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A Lethargic Dragon

Americans have always looked abroad for inspiration. Alexander Hamilton drew on the experience of Britain and France to shape the economic institutions of the early republic. In the early 19th century, Henry Clay championed tariffs, a national bank, an…

Let Us Now Praise Private Equity

Every presidential candidate has to defend himself against accusations of wrongdoing — an affair, abuse of office, campaign-finance impropriety, and so forth. Mitt Romney finds himself in a predictable defensive crouch, too, but the allegation ag…