
The Fed: Searching for Credibility
By THE NEW YORK SUN
|The scholar urges Washington to narrow its ambitions in a multipolar world, but risks mistaking complacency for realism.

Picture the world order of 1991: U.S. military might projected across every theater; NATO unchallenged; the American economy almost twice as large as any other country’s. With the collapse of the Soviet Union, the United States acceded to the status not only of a “superpower” but a “hyper power,” summoning the supremacy of the Roman Empire. It was an age of unrivaled leadership that Washington assumed would be permanent.

By THE NEW YORK SUN
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By LAWRENCE KUDLOW
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By BRADLEY CORTRIGHT
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By BRADLEY CORTRIGHT
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By THE NEW YORK SUN
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By LUKE FUNK
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By MATTHEW RICE
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By JOSEPH CURL
|Picture the world order of 1991: U.S. military might projected across every theater; NATO unchallenged; the American economy almost twice as large as any other country’s. With the collapse of the Soviet Union, the United States acceded to the status not only of a “superpower” but a “hyper power,” summoning the supremacy of the Roman Empire. It was an age of unrivaled leadership that Washington assumed would be permanent.
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