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Curated by Project Syndicate

Donald Rumsfeld (1932 – 2021)

4 commentaries

Donald Rumsfeld (1932-2021), twice US secretary of defense and a former chief of staff to President Gerald Ford, was one of America’s great bureaucratic infighters, famously undermining Henry Kissinger’s negotiating position during the START II talks with the USSR. Although Rumsfeld presided over the Iraq War debacle, his greatest claim to fame my well turn out to be his exposition about “known and unknown unknowns.”

  1. op_cochrane1_ Mark WilsonGetty Images_fed reserve Mark WilsonGetty Images
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    Inflation in the Shadow of Debt

    John H. Cochrane

    History has shown that it is much easier to stay ahead of inflation than it is to play catch-up. By ignoring this basic truth, US policymakers are both missing a big opportunity and inviting economic disaster.

    questions whether the Federal Reserve could carry out a successful monetary stabilization if needed.

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