I don't start a piece knowing exactly what effect it's going to have. There is a seed of an idea that I could never articulate, right at the beginning of the piece, literally like one cell.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
If the United States were to cut and run from Iraq, we would send a message of weakness that would embolden our terrorist enemies across the globe. A failed Iraq would destabilize the entire region and undermine U.S. national security for decades to come.