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Sanctions Will Turn Iran into Another Cuba

Sanctions Will Turn Iran into Another Cuba

October 8, 2012 · by Patrick Smith · in Articles, The Fiscal Times

The U.S. and European sanctions imposed on Iran earlier this year seem to be working with a vengeance. As if by remote control, the West has thousands of Iranians taking to the streets while the nation’s political elites are splitting…

U.S. Clout in Mideast at Stake with New Protests

U.S. Clout in Mideast at Stake with New Protests

September 17, 2012 · by Patrick Smith · in Articles, The Fiscal Times

There are two lessons to be learned about the dreadful spree of anti–American violence and protest that swept the Islamic world last week in apparent response to an anti–Islamic film that went regrettably viral. First, America can no longer ignore…

Election 2012: Do Candidates Have a Foreign Policy?

Election 2012: Do Candidates Have a Foreign Policy?

August 21, 2012 · by Patrick Smith · in Articles, The Fiscal Times

This has to be the most inward-gazing presidential election in nearly half a century. True, voters are focused on domestic problems: the health care system, joblessness, the fiscal deficit, the state of the economy and what to do about it….

What a Socialist France Would Mean for America

What a Socialist France Would Mean for America

April 30, 2012 · by Patrick Smith · in Articles, The Fiscal Times

Should the U.S. be (a) frightened, (b) neutral or (c) exuberant that a very moderate Socialist looks set to win the presidency in France when the second round of voting takes place May 6? If Francoise Hollande wins, Americans should…

Spain, on the Brink, Could Derail the U.S. Economy

Spain, on the Brink, Could Derail the U.S. Economy

April 9, 2012 · by Patrick Smith · in Articles, The Fiscal Times

Greece’s austerity plan, complete with debt swap, is now in place. Spain has announced its most rigorous budget since the post–Franco restoration of democracy in the 1970s. Italy has passed economic reforms worth more than $130 billion, 7 percent of…

Rare Earth Minerals: China’s Got ‘em, We Want More

Rare Earth Minerals: China’s Got ‘em, We Want More

March 19, 2012 · by Patrick Smith · in Articles, The Fiscal Times

President Obama’s move last week to pursue a WTO case against China, whatever the merits of the U.S. argument, is at the least badly timed and is possibly a mistake altogether. We are all for an amicable, equitable relationship with…

Sanctions: Will Iran Redouble Its Nuclear Efforts?

Sanctions: Will Iran Redouble Its Nuclear Efforts?

January 16, 2012 · by Patrick Smith · in Articles, The Fiscal Times

Iranian oil, American diplomacy, and Asian economic power combined last week to yield a highly unstable, potentially combustible cocktail. The American economy and the financial markets have much to be thankful for so far in 2012, particularly as we look…

Reengineering Defense: Good, but Not Good Enough

Reengineering Defense: Good, but Not Good Enough

January 9, 2012 · by Patrick Smith · in Articles, The Fiscal Times

At last, Americans can now say, we have broken the habit of preparing for the last war. The strategic defense initiative President Obama unveiled late last week is every bit the departure from previous practice that Obama and Defense Secretary…

Five Things that Worked in 2011 Foretell 2012

Five Things that Worked in 2011 Foretell 2012

December 27, 2011 · by Patrick Smith · in Articles, The Fiscal Times

2011 will go down as a good year for very few of us. Suspense, crisis, loss, frustration, and anxiety seemed to lie everywhere one turned. What better time to remind ourselves of a few developments during the year that are…

Decline of America: Have We Given Away the Store?

Decline of America: Have We Given Away the Store?

September 1, 2011 · by Patrick Smith · in Articles, The Fiscal Times

The past weeks of wrenching volatility in the financial markets and the evident confusion in both Europe and the U.S. over how to avoid tipping into a double-dip recession — or a straight-out depression — have once again brought the…

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Writer, commentator, longtime newspaper and magazine correspondent abroad. Writes often on Europe and Asia. Published five books.

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