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Don’t Do Stupid Economic Stuff

For seven decades, the US government has been the ultimate fireman of the global system. Over that period, it has dealt with myriad crises worldwide and has learned to value discretion more than policy consistency.

PARIS – On August 30, 2013, the United States was about to launch air strikes on Syria, where more than a thousand civilians had died in a sarin gas attack perpetrated by the army of President Bashar al-Assad. But a few hours before the strikes were to commence, US President Barack Obama canceled them, surprising America’s allies. Instead, US diplomats engineered a deal with Russian President Vladimir Putin, whereby Russia would take responsibility for removing chemical weapons from Syria. The Syrian civil war went on, without the US becoming directly involved.

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