Chronicles Magazine Foreign Affairs

Down the Rathole

Last year, President Clinton, who has rarely found a conflict that lie did not want to join, complained to the Veterans of Foreign Wars that Congress was cutting foreign aid, "the very programs designed to keep our soldiers out of war in the...

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  • VIEWS

    Great Expectations

    Foreign aid, like other forms of aid, is a subsidy that distorts choice. The distortion takes many forms; for example, aid is sometimes put to uses unintended by the giver; it also lets the recipient pursue activities below their real cost.

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  • VIEWS

    Gaines Elites Play

    Boris Yeltsin, according to Kremlin sources, was replying to a query from the International Monetary Fund on the expenditure of nearly two billion dollars worth of an IMF "tranche" targeted to stave off impending Russian financial disaster in the...

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