Gerard Baker: “A perilous war rages in Europe, as a failing tyrant with nuclear weapons launches desperate new waves of cannon fodder against a nation whose defense we are financing and reinforcing. In Asia, the emerging Chinese superpower is in the throes of a significant economic and social upheaval that may propel it toward the full-scale confrontation it increasingly threatens with Taiwan, an island whose people we are pledged to defend.”
“At home we are caught in the worst of economic traps—as the Federal Reserve inflicts unavoidable monetary pain to kill the surging inflation incurred by its avoidable mistake. Meanwhile the global economy seems to be sliding into a potentially serious recession, and financial markets are eroding our wealth at a dizzying pace.”
“But at a time when the need for quiet, calm deliberation has never been greater, the U.S. is engaged in a conversation that sounds less like the Constitutional Convention of 1787 than the game room of a psychiatric institution.”
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