As misguided politicians and regulators continue to target short-term lenders, which provide American…
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Image of the Day: Sure Enough, Credit Card Balances Are Exploding

As misguided politicians and regulators continue to target short-term lenders, which provide American consumers with vital financial lifelines when the only alternatives are skipping payments, bouncing checks, running up credit card debts or even going to dangerous loansharks, we've consistently noted how short-term lenders' role becomes increasingly important as the U.S. economy deteriorates and credit card reliance skyrockets.  Sure enough, the New York Fed numbers provide an alarming illustration:

[caption id="" align="aligncenter" width="546"] Credit Card Debt Skyrocketing[/caption]

All the more reason to protect consumers' access to legal, reliant, efficient short-term lending rather than irrationally target it.…[more]

December 05, 2022 • 02:38 PM

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History Should Be Our Guide in Ukraine Print
By Victor Davis Hanson
Thursday, March 31 2022
No nation wishes to risk Armageddon over the skies of a third party.

There are several historical referents we should keep in mind about the Ukraine war.

First, no-fly zones. Lots of Westerners are calling for NATO aircraft to establish a no-fly zone above Ukraine to stop Russian bombing of Ukrainian cities.

That is a terrible idea. Russian planes can still launch missiles from the nearby airspace of Russia and Belarus. No nation in history has declared a no-fly zone against an adversarial nuclear power.

No-fly zones are best known from the 12-year air block over Iraq in between the two Gulf Wars.

NATO also imposed a no-fly zone over Bosnia and Herzegovina in the 1990s, and again over Libya in 2011.

These efforts were aimed respectively at the bloody though small-time dictators Saddam Hussein, Slobodan Milosevic, and Muammar Gaddafi. None had nuclear weapons.

Eventually the air patrols withered away. Often allies bickered about their relative contributions. Sometimes the zones failed to stop ongoing anarchy on the ground. Enemies often still used low-flying ground assault helicopters.

The United States never attempted a no-fly zone against either nuclear Russia or China during the Cold War  despite a long history of these countries supplying wartime enemies of ours.

No nation wishes to risk Armageddon over the skies of a third party.

Second, regime change. There has been a lot of wild talk  from Joe Biden and various U.S. senators on down  about removing or assassinating Russian President Vladimir Putin to achieve "regime change" in Russia.

Here too, the U.S. has a mixed record, at best  from the engineered ouster of Vietnam's President Ngo Dinh Diem to Libyan leader Muammar Gaddafi. Efforts to kill Cuban President Fidel Castro boomeranged in ways that likely still remain classified.

Dozens of Cold War-era forced removals of hostile heads of state in Asia, Africa, and Latin America often did not achieve objectives that were in long-term U.S. interests, much less did they achieve regional stability. Such coups and hit jobs did, however, tarnish America's claim to the moral high ground.

In chicken-and-the-egg fashion, do odious dictators really hijack power from oppressed societies, or are they simply emblematic of them? Before Putin, were there democratically elected czars, Soviet premiers, or post-Cold War Russian strongmen?

Once Western liberals talk sloppily about removing heads of states, such authoritarians naturally will do the same. Do we really want Putin threatening Western presidents, given the past propensity of his political enemies to disappear?

Third, nation building. Western powers  for a time  can "nation build" abroad. But recreating nations in our image requires terrible cost in blood and treasure.

Even idealists are branded as "neocolonialists" and "imperialists." Even the beneficiaries of liberal democracy still feel it was "imposed" and any gratitude or warm feeling for America is short-lived.

The American public, meanwhile, rails that the trillions of dollars spent abroad could be better used at home. Witness the recent failed 20-year mess in Afghanistan.

Fourth, moral hysteria. The U.S. does not have a good record of turning wars into moral crusades by branding our allies divine and our enemies satanic.

America was wrong to have banned German language instruction during World War I. It should never have put Japanese legal residents and patriotic Japanese-Americans in detention camps during World War II.

For years, the U.S. has seemed unhinged as it caricatures Russians as subhuman thugs  from crudely stereotyped tattooed, shaved-headed villains in Hollywood movies to mythical bogeymen who supposedly engineered the Russian collusion hoax, the Russian Alfa Bank hoax, and the Hunter Biden laptop Russian "disinformation" hoax.

Ukraine President Volodymyr Zelenskyy has shown himself a gifted and courageous leader who, logically, we should support and supply. But he is not an archangel pitted against evil Russian 18-year-old conscripts or necessarily the moral superior to Russian pianists and tourists.

Millions of impoverished Russians had no say about Putin's savage misadventure in Ukraine.

That Ukraine is morally in the right and certainly deserves Western help does not mean that all Russians should be demonized or an often-corrupt Ukrainian government that just suspended its opposition parties should be deified.

Fifth, the Russian military abroad. The Russian army is historically unbeatable on its home soil. Charles XII of Sweden, Napoleon Bonaparte, and Adolf Hitler all wrecked their once indomitable militaries once they crossed into Russia.

But the expeditionary armies of a multiethnic, disparate Russia have never done well abroad in major foreign invasions against determined enemies.

Moscow faced a series of embarrassing and utter defeats in the Russo-Japanese war of 1904-1905. The czar's 1914 invasion of German East Prussia ended in catastrophe. Russia invaded Poland and lost the Polish war of 1919-1921.

Stalin's attack on tiny Finland in 1939 soon turned into a bloody quagmire. The decade-long invasion and occupation of Afghanistan ended in defeat.

Given these past realities, Ukraine can defeat Putin's expeditionary army if the U.S. and its NATO allies increase aid, do not embrace no-fly zones or other provocative trajectories to World War III, cease crazy talk of killing or removing Putin, stop whipping up hatred of all things Russian, and remember that history was never on Putin's side when he invaded Ukraine.


Victor Davis Hanson is a distinguished fellow of the Center for American Greatness. He is a classicist and historian at the Hoover Institution, Stanford University, and the author of "The Second World Wars: How the First Global Conflict Was Fought and Won," from Basic Books. 

COPYRIGHT 2022 Tribune Content Agency, LLC.

 

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