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Open Think Tank Articles

September 16, 2011 | Can Lower Budgets Produce Greater Security Efficiency?

Christopher M Schnaubelt: Disparate political realities among European states will make integration of national forces difficult. But defense ministries can cut costs by streamlining personnel, developing capable reserves, abstaining from new missions and investing in long-term training and education.

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Global Must Read Articles

September 30, 2011 | EU Should Tax the Financial Sector

In a time of economic turmoil, the European public finances are under threat and it is time for the financial sector to contribute its fair share. ++ Introducing an EU tax on financial transactions is the key to solving the current deficit crisis. ++ An EU-wide financial transaction tax would generate much-needed revenue for the EU budget and discourage the financial sector from conducting

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March 3, 2009 | Financial Crisis Constricts US Defense Budget

Recently arrived in office,
US President Obama has
announced an increase of 17,000 American troops in Afghanistan. Experts consider at
least twice this amount necessary for progress. At the same time US Defense
Secretary Robert Gates is realizing that the Pentagon will not be spared from
the effects of the financial crisis. Indeed, the highest departmental cuts in
expenditure are looming in

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November 24, 2008 | Keynes to the Rescue

Keynesian economics prevail in times of economic turmoil. ++ Britain should “expect plans for higher borrowing, tax cuts, and more spending in Monday’s pre-Budget statement.” ++ While economists and politicians differ on intervention policies, Keynes emphasized the importance of restoring market confidence and preventing recessions from becoming politically dangerous. ++ “In a depression, a

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