By Lt. Col. Paul Yingling
"You officers amuse yourselves with God knows what buffooneries and never dream in the least of serious service. This is a source of stupidity which would become most dangerous in case of a serious conflict."
- Frederick the Great
For the second time in a generation, the United States faces the prospect of defeat at the hands of an insurgency. In April 1975, the U.S. fled the Republic of Vietnam, abandoning our allies to their fate at the hands of North Vietnamese communists. In 2007, Iraq's grave and deteriorating condition offers diminishing hope for an American victory and portends risk of an even wider and more destructive regional war.
These debacles are not attributable to individual failures, but rather to a crisis in an entire institution: America's general officer corps. America's generals have failed to prepare our armed forces for war and advise civilian authorities on the application of force to achieve the aims of policy. The argument that follows consists of three elements. First, generals have a responsibility to society to provide policymakers with a correct estimate of strategic probabilities. Second, America's generals in Vietnam and Iraq failed to perform this responsibility. Third, remedying the crisis in American generalship requires the intervention of Congress.
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Streaming discussion about the financial situation, politics, and Public Policy as well as information regarding me and my trip down the stream called finance.
Saturday, April 28, 2007
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Monetary Reserve
This section contains link that talk about finance and economics. There are links to organizations, individual books, and articles.
Clearinghouse
- Economics Internet Library
- FRED Economic Data - St. Louis Federal Reserve
- Great Economics Library
- IDEAS/Economics and Finance Research - University of Connecticut
- Internet Public Library
- Liberty Library
- Library of Economics and Liberty
- Online Books Page
- Online Library of Liberty
- Project Gutenberg
- Questia
Austrian School
Leveraged Learning
Capital Books
- A Treatise on Political Economy - Jean Baptiste Say
- Capital and Interest - Eugen v. Böhm-Bawerk
- On the Principles of Political Economy and Taxation - David Ricardo
- Online Economics Textbooks - University of New York, Oswego
- Principles of Economics - Alfred Marshall
- Principles of Economics - Carl Menger
- Principles of Political Economy with some of their Applications to Social Philosophy - John Stuart Mill
- Road to Serfdom - Frederic A von Hayek
- Wealth of Nations - Adam Smith
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