If there is one lesson from history that does repeat itself instead of just rhyme, it is that imperialism kills civilizations. It turns out, electing force instead of voluntary engagement is not just catastrophically expensive; it also carries with it enormous moral hazard for the perpetrators. This has been the core message of the great…
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121 years ago today (in fact nearly to the hour I write this), the then Assistant Secretary of the Navy (!), Theodore Roosevelt ordered the Pacific Squadron of Commodore George Dewey to ready for an attack of the Spanish fleet docked in Manilla. That’s right: Before the Congress acted and without anyone’s knowledge, this warmonger…
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