My Travels to Baghdad

Iraq: An American Tragedy, My Travels to Baghdad Warren Coats (2020) Kindle and paperback versions available at: Iraq-American-Tragedy-My-Travels-Baghdad From the corkscrew landing at Saddam International Airport (now the Baghdad International Airport) to adventures in the Green Zone and beyond, this recounting of my experiences helping the Central Bank of Iraq develop modern market tools of … Continue reading “My Travels to Baghdad”

My Travels to Jerusalem

Palestine: The Oslo Accords before and after, My travels to Jerusalem By Warren L Coats (2021) Kindle and paperback versions available at: Oslo Accords: Before and After An intimate account of the establishment of the Palestine Monetary Authority and related adventures by one of the International Monetary Fund’s post-conflict, transition economy monetary experts. From being … Continue reading “My Travels to Jerusalem”

My 80th Birthday

Dear friends,                                                                         May 19, 2022 Life Begins at Eighty was a TV show in the mid 1950s. As our family only acquired a TV set later in the 1950s, I don’t think that I ever watched it. But I would like to take exception to its premise. For me, turning 80 is a … Continue reading “My 80th Birthday”

The Empire and the Dollar

Committee for the Republic Salon March 24, 2022 Warren Coats[1] In our multicurrency world, the U.S. dollar is widely used for pricing internationally traded goods, for international payments, and for denominating the assets governments and companies hold as reserves. Why is that and what are its implications for U.S. behavior? What would a better system … Continue reading “The Empire and the Dollar”

Ukraine: How should we help?

It is impossible not to admire the bravery of the people of Ukraine as they fight for their independence and freedom. Without help, Russian troops are almost certain to capture Kyiv and other key cities. The EU and many other countries have pulled together as never before to impose serious sanctions and provide military and … Continue reading “Ukraine: How should we help?”

All Volunteer Military

In May 1967, The New Guard magazine published an article by Milton Friedman on “The Case for a Voluntary Army.”  It was a compelling case and was adopted when the U.S. suspended its military draft in January 1972. But was it correct? “45 years later Nixon-Gates commission” In the 1960s, the drafting of 18 year … Continue reading “All Volunteer Military”

National Defense

American military strength (an important aspect of our national security) depends on the size, training, and equipment (weapons) of our military, which is very much dependent on the size and efficiency of our economy, which pays for it.  Devoting more of our productive capacity to the military reduces our economic capacity. Getting the balance right … Continue reading “National Defense”

War – Bosnia, Kosovo, Afghanistan, Iraq, Libya, ??

Current developments in Iraq are depressing but follow the pattern of America’s well meaning but misguided attempts to remake the world in our own image. “Chaos in Iraq prompts soul searching among military veterans” WP /2014/06/18/ For my friends in Iraq the advances of the Islamic State of Iraq and Syria (ISIS) fighters is alarming … Continue reading “War – Bosnia, Kosovo, Afghanistan, Iraq, Libya, ??”

The Iraq War of 2003

Former Secretary of Defense, Don Rumsfeld, died on June 30. I am told that he was a very nice man personally, though I only met him a few times at our annual Pumpkin Papers Irregular dinners at the University Club in Washington, DC. But I cannot forgive him for lying the United States (and Britain) … Continue reading “The Iraq War of 2003”

Travel notes from Juba, South Sudan

  Amsterdam Ito and I ended our Italian/French/Netherland vacation (see https://wcoats.wordpress.com/2011/07/23/travels-in-italy-and-france/) in Amsterdam visiting friends (Bill Wirt, Dolph Westerbos, and René van Hell). While there, we enjoyed the usual sights and the coldest July day in the Netherlands (July 24) since 1903! Then Ito took the plane home to Washington DC while I headed on … Continue reading “Travel notes from Juba, South Sudan”