Entries by David P. Goldman

Israel’s Darkest Day

Estimated Reading Time: 9 minutes

More than 1,000 Israelis died at the hands of Hamas terrorists on October 7, by far the worst day in Israeli history, roughly triple the death count on the bloodiest day of the 1973 Yom Kippur War. The Israeli military and civil society were taken unawares and responded slowly and ineffectively. The Hamas attack uncovered […]

‘It Became Necessary to Destroy the Country to Save It’

Estimated Reading Time: 2 minutes

Peter Arnett’s celebrated quote — “It became necessary to destroy the town to save it” — was a fabrication during the Vietnam War but has a macabre application to Ukraine. American fecklessness and Russian rapacity together will leave a grease spot where Ukraine used to be. It was all tragically, idiotically unnecessary. I argued in 2008 […]

Can We Contain the Dragon?

Estimated Reading Time: 11 minutes

Elbridge Colby wrote to Asia Times in the early 2000s asking to meet the pseudonymous essayist “Spengler,” a nom-de-plume I employed while directing Wall Street research departments. I revealed my identity to no one at the time, but made an exception for Bridge; he is the grandson of former Director of Central Intelligence William Colby, who was […]

U.S. Fiscal Profligacy and the Impending Crisis

Estimated Reading Time: 7 minutes

Editors’ Note: This essay is part of Debt, Inflation, and the Future: A Symposium. Although published May 5, 2021, the following is presented to our readers as extremely relevant to today and the ongoing current administration in Washington, D.C. Massive demand-side stimulus combined with constraints on the supply-side in the form of higher taxes is a […]

The Federal Reserve Is the Monetary Equivalent of the Kabul Airport

Estimated Reading Time: 2 minutes

Speaking to the virtual Jackson Hole conference of the Federal Reserve System, Fed Chair Jerome Powell says that inflation will go away soon. He sees “…upward inflation pressure dissipating and, in some cases, reversing …. As supply problems have begun to resolve, inflation in durable goods other than autos has now slowed and may be […]