There are any number of ways to measure one of the great secular transformations of our time: the decline of the United States’ power relative not only to a rising rival like China, but to the rest of the world generally. From 1960 to the present, the American share of …

Russia’s ongoing military buildup along its border with Ukraine has cast into sharp relief the debate about how the United States, and its allies, can most effectively ensure security in the no man’s land lying beyond NATO’s eastern perimeter. Meanwhile, China’s mounting campaign of military pressure and intimidation against Taiwan …

Throughout much of the past century, the idea of a gold standard for national currencies has been routinely linked with laissez-faire economics and “classical liberalism”—also known as “libertarianism.” It’s not difficult to see why. During the second half of the nineteenth century—as free-market liberalism was especially influential in much of …