National Science Foundation

On Friday, April 24, President Trump fired all 24 members of the National Science Foundation Board without saying why their staggered six year terms were not honored. Unlike executive branch departments, such as Treasury, Defense (now called Dept of War), Education, etc., which rightly should reflect the policy preferences of the President, the NSF, like the Board of Governors of the Federal Reserve, was carefully designed to be nonpartisan for good reason. A Forbes article by John Drake nicely explains the purpose of such design.

“Most people outside the research enterprise have never heard of the NSB, so it’s worth saying what it is. The National Science Foundation Act of 1950 created NSF with two heads: a director and a board. Jointly they set the strategic direction of an agency that now distributes roughly $9 billion annually in federal research funding, approve its budget submissions, and authorize new major programs. The board’s members are nominated for their distinguished records in science, engineering, education, and public affairs, drawn from industry and universities, and confirmed to staggered six-year terms so that scientific research priorities are set by the long arc of scientific progress rather than the election cycle. The statute requires that members be chosen “solely on the basis of established records of distinguished service.”

“That last phrase is the one I keep returning to.

“American scientist, inventor and administrator Vannevar Bush (1890 – 1974), whose ‘differential analyser’ was a forerunner of the computer, served as director of the Office of Scientific Research and Development throughout World War II and authored an influential report that led to the founding of the National Science Foundation. More American scientific preeminence is often discussed as if it were a product of talent or funding. It is really a product of institutions, the unglamorous architecture of boards, charters, terms of service, peer review and statutory independence that the postwar generation built deliberately. The structure traces to Vannevar Bush’s 1945 report Science, the Endless Frontier, which argued that federal science required governance insulated from political pressure and stability of support beyond any single budget cycle. The five-year fight to translate Bush’s vision into law turned largely on questions of independence and accountability, and the staggered six-year terms were part of the resulting compromise. Six-year terms exist for a reason. Staggered appointments exist for a reason. “Solely on the basis of distinguished service” is in the founding statute for a reason.

“The board’s function has been contested before, but always on the existing terms. As recently as 2022, scholars were debating how to modernize the board’s role, proposing to reduce its management duties and make NSF look more like other federal agencies. But other federal agencies are precisely the ones most exposed to political control. Their leaders serve at the pleasure of the president. Their priorities shift with each administration. The whole reason NSF’s structure is unusual is that the postwar designers did not want science funding to work that way. Even the would-be reformers recognized this: they proposed keeping the board’s staggered terms and statutory independence intact.

“These structures depend on a shared understanding, across administrations and across parties, that some institutions are worth preserving even when they constrain you. When that understanding lapses, the structures themselves do not survive long.

“On May 5, the National Science Board is scheduled to meet. There is no agenda, and at the moment, no board. That absence is the thing worth attending to, beyond the news of any particular firing. The question is not who sits on the board. The question is whether the kind of board the 1950 Act envisioned still exists in practice, and what American science looks like if it does not.” 2026/04/25/ “Trump fired the entire national science board-here’s why that matters”

At a minimum, when the President takes such action, the public should be given an explanation for why he thought it was justified. Ideally such a dramatic step should be preceded by a public discussion of the pros and cons of doing so.  This is not Trump’s style.

It my opinion Elon Musk’s DOGE downsizing of government (9% reduction in Federal employees before some had to be rehired and reducing the federal budget by claimed savings between roughly 160–215 billion dollars, counting job cuts, contract and lease cancellations, asset sales, and grant reductions) did more harm than good. Musk initially talked about cutting “at least 2 trillion dollars” from the federal budget, later revising goals down to around 1 trillion and then still lower, but actual savings fell far short of any of those targets.

A CBS‑covered analysis by a nonpartisan research group estimated that while DOGE claimed about 160 billion dollars in gross savings, its actions would also impose roughly 135 billion dollars in additional costs in the same fiscal year (for example through deferred‑resignation pay, disruption, and lost enforcement/revenue), implying a net savings nearer 25 billion dollars in that window.

But the real tragedy is that the opportunity to carefully evaluate and publicly debate whether government agencies were performing beneficial functions and doing so as efficiently as possible was totally missed. I offer the example of USAID, with whom I have worked both as a contractor and across the table as a collaborator. In my experience they have done an outstanding job serving America’s foreign policy interests:  https://wcoats.blog/2025/02/17/usaid/

The Trump administration has not operated in the traditional manor of our best (or even mediocre) Presidents. Even Kings are usually more careful in justifying and explaining their dictates.

Trump’s Record so far

So far Trump II has made or is making a number of changes that have benefited our economy.  However, his delivery on his key campaign promises is mixed.

Trump promised to “stop the migrant invasion,” and to carry out “the largest deportation operation in American history.” He delivered. Southern border attempted entries that were blocked in 2023 and 2024 of 2,475,670 and 2,135,000, dropped to 237,538 in 2025 and authorized new arrivals dropped from 2.9 to 2.8 million in 2023 and 2024 to less the 2,000 in 2025. Deportations and voluntary exit jumped from over 460,000 and 700,000 in 2023 and 2024 to over 2,500,000 in 2025 of which and estimated 1.9 million were self exits.

However, the behavior of masked ICE agents, including the deaths of over 30 people in ICE custody in 2025 have created a public outcry.  In 2024 and earlier, the majority of ICE arrests focused on those with criminal records. In 2025, the government stated that 70% of ICE arrests involved individuals with criminal charges or convictions. However, independent analyses of 2025 data suggested that only 23% of those targeted in broader sweeps actually had prior criminal convictions, with many of those being for minor traffic or immigration offenses.

Trump also promised to “End inflation and make America affordable again,” and to “Stop outsourcing” and turn the U.S. into a “manufacturing superpower” by bringing factories back to the United States by tightening trade policy. The high CPI inflation rate of 4.1% in 2023 has fallen to 2.9% in 2024 and 2.7% in 2025. Manufacturing value added to US total output was $2.91 trillion in 2024 rising to $2.95 in 2025 all in 2017 dollars.

The US imports more than it exports. The US trade deficit in 2024 of $903.5 billion changed little at $901.5 billion in 2025, but the highly criticized and erratic US tariffs on imports (both threatened and actually imposed) where eventually struct down as illegal by the Supreme Court. They were not approved by Congress and where not justified to correct unfair trade practice by China, the EU and others. Rather they were threatened punishments if the target country did not give in to some other Trump demand. Here is an example of such an attempted abuse of tariffs. https://x.com/spectatorindex/status/2041842665172693207

Trump was right to promise to reduce costly and unproductive regulations and bureaucrat bloat. But his approach with the help of Elon Musk and the DOGE swat teams was misdirected and destructive. https://wcoats.blog/2025/04/27/trumps-chainsaw/

https://wcoats.blog/2025/07/01/econ-101-government-budgets/  Just how bad the Musk DOGE chainsaw was can been seen in the following deposition of one of the totally unqualified kids swinging the chainsaw. He is being questioned by a lawyer for an agency suing DOGE https://www.youtube.com/watch?v=NXXvgZzK0Cc

And then there is the rest. Unlike previous US Presidents, Trump’s style of governing was that of a bully making threats. The result has not been good.

Trump the Egomaniac:  Putting his name on the Kennedy Center was sort of harmless (but distasteful) but then shutting it down all together is much less so and, and as is so often the case with Trump, hard to understand. The United States Institute of Peace is now the Donald J Trump Institute of Peace. Then there are programs he has created in his name: Trump accounts, Trump Gold Card, TrumpRx, Trump National Parks pass, etc. But he hasn’t stopped there, creating the “Trump-class” battleship. Though it violates the tradition of the U.S. Treasurer, currently Brandon Beach, signing our currency notes, Trump will do so in the future. While most of these displays of Trump’s name might be taken as the actions of an immature child, his proposal to issue special one dollar coins with his likeness seems to violate more than just good taste.

Trump the Authoritarian (postliberal)–domestic:  We have gotten used to Trump using his Truth Social or X/twitter accounts to damn and/or label as stupid or evil those who have criticized him, but he has used the power of his office to much more seriously attack his enemies or to force compliance with his policy views.

For example, after firing FBI director James Comey, who oversaw the probe of ties between Russia and Trump’s 2016 Presidential campaign, Trump repeatedly called for investigations of Comey over alleged leaks and handling of memos, and his current Justice Department has pursued renewed inquiries premised on those same grievances. Similarly motivated DOJ indictments or investigations have been made against Trump appointed officials John Bolton, Letitia James, Robert Mueller, Andrew McCabe, John Brennan, and others who played leading roles in Russia‑related or Ukraine‑related investigations.

Beyond criminal investigations, Trump has repeatedly used or threatened non‑criminal tools of the presidency—regulation, funding decisions, security clearances, and administrative enforcement—to punish domestic opponents. He has used threats to cut off federal funds to Democratic‑led “sanctuary cities” or jurisdictions whose leaders criticize him, framing them as “anarchist” or lawless and directing DOJ and other agencies to look for legal hooks to withhold grants.  Reuters and civil‑society trackers describe cases where universities, law firms, and other entities changed diversity or governance policies after threats of lost contracts, funding, or investigations from the administration. https://protectdemocracy.org/work/retaliatory-action-tracker/

If you have wondered, as I have, why the Republicans in Congress have not exercised their constitutional rights to block Trump’s abuses of power, often in direct contradiction of Republican party principles, I assume that it is their fear of his vindictive attacks on anyone who criticizes him.

Trump has both threatened and actually moved to cut federal funds to a small but high‑profile group of universities, mainly to force changes on campus protests, DEI, admissions, and governance policies. At Harvard University billions in federal research grants and contracts were frozen or terminated starting in spring 2025. The reasons given by the Trump administration were the alleged failure to protect Jewish students and to tolerate antisemitism linked to pro‑Palestinian activism and criticism of “woke” policies, DEI programs. The Trump administration demanded leadership and governance changes, review of academic departments for perceived ideological “bias,” and changes to admissions policies. Harvard has filed legal challenges and publicly refused to accept some of the administration’s conditions, while still facing a major funding freeze.

Similar reasons were given for stopping and/or threatening to stop funding of contracts and projects at Columbia, Cornell, Northwestern, and Princeton, University of Pennsylvania and UCLA.  These are the tip of an ugly iceberg that are very inappropriate in our liberal, limited government, freedom loving country.

But not all demands were objectionable.In October 2025, the White House offered a formal “compact” tying preferential access to federal funding to a raft of ideological and policy conditions that were agreed to by nine universities.Vanderbilt University.Dartmouth College.University of Pennsylvania.University of Southern California.Massachusetts Institute of Technology (MIT).University of Texas at Austin.University of Arizona.Brown University and University of Virginia.

Key policy demands in the compact included:

  • Ban consideration of race or sex in admissions and hiring.
  • Cap international undergraduate enrollment at around 15% and subject foreign students to additional vetting.
  • Freeze tuition for several years.
  • Eliminate or sharply curtail DEI offices and programs.
  • Guarantee “ideological balance” or a “vibrant marketplace of ideas” without a dominant ideology

Trump the untrustworthy Bully –International: Trump pledged to serve American interests first, promising to end America’s forever wars and claimed to deserve the Nobel Peace Prize. Virtually every aspect of his foreign policy has been a failure, weakening our standing abroad and our national security.

The second Trump administration has ended no wars, conducted military strikes in at least seven countries, and with Israel started a new war in Iran. It has been complicit with Israel in the ethnic cleaning of Gaza and increasingly the West Bank, and by financial and armament support of Israel. Trump has weakened or lost the support of traditional allies with his threats to annex Canada and Greenland and his insults of European and other countries for not supporting his illegal war in Iran and more generally.

Bully Trump’s approach is illustrated by his spat with Pope Leo XIV. On Truth Social Trump proclaimed:

“Donald J. Trump

@realDonaldTrump

A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will. However, now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen, WHO KNOWS?”

On April 19, 2026, Trump warned that the U.S. would “knock out every single Power Plant, and every single Bridge” in the country if they did not accept a new “DEAL,” Not that Trump cares but many of his threats, specifically those targeting civilian infrastructure like water and power plants, have been flagged by international human rights groups as potential violations of international humanitarian law.

Pope Leo XIV declared President Donald Trump’s threat to destroy “a whole civilization” unacceptable and suggesting Americans should contact their representatives in Congress to stop the conflict.

“Today, as we all know, there has also been this threat against the entire people of Iran.  And this is truly unacceptable. There are certainly issues of international law here, but even more, it is a moral question concerning the good of the people as a whole, in its entirety.

“I would like to invite everyone to think in their hearts of so many innocent children, so many totally innocent elderly people who would also be victims of this escalation. I would like to invite everyone to pray, but also to seek ways to communicate. Perhaps with congressmen, with authorities, saying that we don’t want war, we want peace.”

Trump responded by calling the Pope Weak on crime” and “Weak on Nuclear Weapons” and falsely claiming the Pontiff agreed that Iran should have nuclear capabilities. In his Easter Sunday message the Pope said: “Let those who have the power to unleash wars choose peace.”

Trump’s failure to understand market trades and deals as win-win has fed his zero sum bully approach. America has been seriously damaged as a result.  Trump has either ignored or withdrawn from the international agreements or organizations such as the WTO, and WHO that have provided the basis of global cooperation and flurishing since WWII. And we have suffered as a result. https://wcoats.blog/2026/03/21/america-alone/  

Trump’s disregard for law has also been an element of his financial corruption, the details of which will hopefully be properly investigated.  Since returning to the White House for his second term, Trump’s net worth has grown by approximately $2.5 billion to $3 billion according to most financial trackers. Trump’s Presidency has been very bad for America.

Homeland-part two

My apology for my lazy note on Homeland. It deserves much more so here goes.

The series, which ran for eight years from 2011-2020, centers on Carrie Matheson, a CIA officer with bipolar disorder and for its first two years (all we have watched so far) the Marine scout Nick Brody. Nick was captured in Iraq and held prisoner for eight years before returning to his wife and two kids. In the last few years of his captivity Nick was befriended by Abu Nazir a leader of al-Qaeda and charged with teaching Nazir’s son English. Nick adopts Islam and when an American drone attack kills Abu Nazir’s son, to whom Nick has become very attached, Nick agrees to work with Nazir against US interests. Nick returns home as a war hero, is elected to Congress and groomed to run as VP in the current VPs upcoming presidential campaign. Carrie correctly suspects that Nick has been turned by Nazir and sets out to expose him (or exploit his new position in the US government). Complicated enough?

Virtually every character, Carrie, Nick, Nick’s wife and son and daughter and his best friend (who fell in love with Nick’s wife during his absence and assumed death) as well as Carrie’s CIA colleagues, struggle with conflicting loyalties. Nick loves America and his family but hates what it has done (convincingly denounced as terrorism by Abu Nazir) and cooperates with Nazir in punishing it. The VP Nick expects to run with gave the orders for the drone attack that killed Nazir’s son. Each character is complex, which complex histories. Each side rightly sees the other as terrorists. The show is full of twists and turns and surprises. It is fantastic.

Iran and the bomb

In the greatest public address any American President has ever given, Donald Trump claimed to have stopped Iran from developing atomic bombs (in the greatest lie every told).

Here are the facts. Ayatollah Ali Khamenei, the Supreme Leader of Iran at the time, supported the 2015 Joint Comprehensive Plan of Action (JCPOA) that provided international inspection of Iran’s enrichment of uranium used for its nuclear power plants to ensure that it did not enrich it to the level needed for atomic bombs. Khamenei repeatedly stated that the production, stockpiling, and use of nuclear weapons are forbidden under Islamic law. This religious position is formalized as a fatwa (a legal ruling under Sharia), which the Iranian government has cited for decades as proof of the peaceful nature of its nuclear program.

During his first term, President Trump withdrew the US from the JCPOA and international inspections stopped. A broad international consensus holds that the US/Israeli attacks on Iran this year will drive Iran to overcome its religious restraints on developing the bomb and proceed to do so out of its need to defend itself. Thus, rather than preventing Iran from developing atomic bombs Trump (and his friend Bibi) have probably forced Iran to do so. For good measure US/Israel killed Khamenei with an airstrike on February 28. Maybe Trump will find a way to blame NATO for all of this???

Winning the War in Iran

Most of you know that I am an optimist (though often disappointed). But I am quite optimistic that Trump will declare victory in his and Israel’s illegal war in Iran very soon. Moreover, he will offer Iran enough (lifting of sanctions, etc.) that they will end their attacks as well, including, of course, insuring safe passage through the Strait of Hormuz. Israel will also end its attacks on Iran (as well as on Lebanon, Syria, West Bank and Gaza) because Trump will tell them to (or is it the other way around).

But here is the really optimistic forecast. Trump will blame the mess in Iran on the worst, most damaging Secretary of Defense we have ever had and fire Pete Hegseth. How is that for good news!

Fixing Palestine

In 1995 and 6 I led IMF technical assistance teams to Israel to establish the Palestine Monetary Authority as called for by the Oslo Accord. We were excited by the prospects of contributing to peace between the Arab and Jewish populations who had occupied the area for millennia (as well as new arrivals). We spoke, as did many others, of the Oslo Peace Process establishing a two-state solution to the struggles between the Palestinians and Jews since the establishment of Israel in 1948. In fact, we should have referred to the Oslo Accords as establishing only a step, a rather small one at that, toward a two-state solution—two independent states following Israel’s occupation of the West Bank and Gaza Strip in 1967.

I wrote about these experiences in “Palestine-The Oslo Accords Before and After-My Travels to Jerusalem” Our work was greatly facilitated by the fact that the governors of the Bank of Israel, Stan Fischer, and of the newly created Palestine Monetary Authority, George Abed, had been IMF colleagues. I asked each if they would write the foreword to my book. Stan declined saying that it was too sensitive a topic and George declined saying that my book was unfair to the Palestinians.

I have just finished reading a new account of the efforts to find peace in the area by two insiders with much wider exposure than I had had:  “Tomorrow is Yesterday-Life, Death and the Pursuit of peace in Israel/Palestine” by  Hussein Agha and Robert Malley. And I concluded that George Aben had been right about my account.

The two authors had been intimately involved in the many efforts to find agreement between the relevant parties. Drawing on their experience advising the Palestinian leadership (Arafat and Abbas) and US presidents (Clinton, Obama, and Biden) and their participation in secret talks over decades, Agha and Malley expose the weaknesses of those efforts and point to the potential of a very different approach. “They stress that the two-state solution became a global goal only when it was no longer viable; that U.S. officials preferred technical schemes to a frank reckoning with the past; that Hamas’s onslaught [on Oct 7, 2023] and Israel’s war of destruction were not historical exceptions but historical reenactments; and that the gaps separating Israelis and Palestinians have less to do with territorial allocation than with history and emotions.” From Amazon Books website.

Robert Malley was the United State Special Envoy for Iran in 2021-23 and as Special Assistant to President Clinton from 1998 to 2001, he was a member of the U.S. peace team and helped organize the 2000 Camp David Summit. Hussein Agha, a Lebanese, is a senior associate of Oxford University’s St. Antony’s College was a senior associate fellow at Chatham House.

Malley and Agha stress the diversity of players in the search for peace—ultra orthodox to nonreligious Jews—Palestinian groups that spent more energy fighting one another than fighting Jews. Selecting Israeli prime minister Ehud Barak and Palestinian Authority chairman Yasser Arafat for US lead negotiations at the Camp David summit left out most groups and many relevant issues. The authors end with the somewhat encouraging call to return to the beginning (1948 and before) and seating all Jewish and Palestinian groups at the table to take on the fundamental issues of history head on if there is any chance of finding the compromises needed to live together in peace with one, two, or more states as options.  https://wcoats.blog/2024/01/19/one-state-solution-for-palestine-israel/   Their narrative is a very enlightening account. 

My Blogs

From the time I could vote (1964) I have indevoured to evaluate each president’s policies on their merits (as seem by me of course). Thus, at one time or another I have praised or criticize policies of LBJ, Richard Nixon, Gerald Ford, Jimmy Carter, Ronald Reagan (my favorite president), George H.W. Bush, Bill Clinton, George W Bush, Barack Obama, Joe Biden, and Donald Trump. I often condemned a policy but not the President promoting it, in the belief that each President thought his policy was for the welfare of our country even if I disagreed. The exception is Donald Trump. 

Unique in my lifetime, we have a President whose primary interest is in seeing his name on things (Kennedy Center, Peace Institute, maybe Dulles Airport), filling the White House with gold to look like a palace, being praised by strong men (Putin, Orban, Mohammed bin Salman), dropping bombs where ever he chooses (having given up begging for the Nobel Peace Prize) and throwing his weight around (bullying), irrespective of the considerable damaging he is doing to our country. Now he wants his name on US currency (not to mention his likeness on gold coins).

Since 1861 the US treasurer’s signature has appeared on bank notes, along with the likeness of a deceased President.  In 1866, Congress passed what is commonly called the Thayer Amendment, which forbids the likeness of any living person from appearing on U.S. securities and currency. “Donald Trump is set to become the first sitting US president to have his signature on US banknotes, the treasury department has announced…. Trump’s signature will appear alongside Treasury Secretary Scott Bessent, an unprecedented move that the department said would mark America’s 250th anniversary…. The first $100 bills with the signatures of Trump and Bessent will be printed in June, with others to follow.  Notes currently being printed bear the signatures of former President Joe Biden’s Treasury Secretary, Janet Yellen, and Treasurer Lynn Malerba.” Just in case you didn’t know that we have a Treasurer in addition to the Secretary of the Treasury https://www.bbc.com/news/articles/cz0el909yp3o  

Trump is an egoist with the tastes and desires of a spoiled child. Unfortunately, as President of the United States his childish behavior is doing great damage to the U.S. and global order.

America Alone

Donald Trump campaigned on a pledge to end “forever wars” and to put American interests first. In office, he has done the opposite.

In the first year of his second term Trump has bombed seven countries and 50 speed boats killing 159 people. His joint war with Israel on Iran is threatening global recession. None of these were authorized by the American Congress as required by our Constitution and violate international law as well. He has threated one an all even more freely (e.g. Canada, Greenland).

If this were not bad enough, Trump has insulted and alienated our friends and allies resulting in the refusal of most EU and Nato countries (Germany, France, UK, Spain, Italy) and Australia and Japan to agree to Trump’s plea for help in defending the Staits of Hormuz.

These measures have isolated and weakened the U.S.  Trump’s policies have not put America First–they have made a weakened America Alone.

Deploying his bully substitute for diplomacy, Trump, with help from JD Vance, Trump accused the EU of “extraterritorial censorship of Americans” through EU content‑moderation and hate‑speech rules. At the Munich Security Conference in February 2025, Vance warned that “across Europe, free speech…is in retreat,” This is from the same administration that repeatedly labeled critical media “fake news” and “the enemy of the people.” Currently he and senior officials have accused outlets critical of his Middle East war policy of undermining the country, with allies at the media regulator warning that broadcasters risked losing licenses if they spread “fake news.”

Condemning the opposition as enemies rather than challenging the policies of opponents is a sign of weakness and typical of tyrants. Trump attacks his domestic enemies as fiercely as foreign ones. Note the childish hate in Trump’s tweet today about the death of the man who investigated his misbehavior at the bottom of this blog:

The administration has backed or initiated high‑dollar defamation lawsuits against critical outlets (for example, a multibillion‑dollar suit against the Wall Street Journal). The Department of Justice has revived policies to subpoena reporters’ phone records to identify leakers, and Homeland Security officials have publicly boasted about catching sources for journalists—moves described by the Committee to Protect Journalists as “terrifying” and chilling to newsgathering.

The White House has at times revoked or restricted press credentials for reporters and outlets seen as adversarial, most famously CNN’s Jim Acosta. New, more restrictive rules for White House press passes have been criticized as targeting critical journalists and limiting independent coverage.

The unfunny clown who heads our Department of War has driving away most honest reporters by require department review of their prospective reports. A federal district court in Washington, D.C., just struck down key parts of the Pentagon’s new press-access and reporting restrictions. In a suit brought by The New York Times challenging the Defense Department’s 2025 press policy the judge ruled that the Pentagon’s policy limiting reporters’ access and conditioning accreditation on pledges not to gather or publish information without official approval violated the First Amendment and also raised due process concerns under the Fifth Amendment.

We have historically relied on the strength of our constitution and the separation of powers it establishes between the three major branches of government to contain abuses of government power. Generally, our institutions have served us well. But Trump has stretched executive power weakened its guardrails, for example by firing all Inspector Generals and failing to seek congressional support.

Trump and his repulsive advisor Stephen Miller’s immigration/deportation policies via the masked ICE agents who have killed two American citizens on public streets, have unleashed terror and abuse of power never seen in my life time. Last year 32 people died in ICE custody and in just the first weeks of 2026, at least 6 more people died in ICE detention.

The list goes on and on. From his reelection to his second term (2024) to early 2026, Trump’s estimated wealth has increased on the order of 2–4 billion dollars. Forbes reported his net worth at about 7.3 billion dollars by September 2025, calling it the most lucrative year of his career. In the realm of pure childish ego, he has added his name to the Kennedy Center now to be closed in two months, and the Institute of Peace, rebuilding the White House, and threatening to rename Dulles Airport. On top of that he wants his image on a gold coin. His administration proposing both a commemorative gold coin and a circulating $1 coin.

None of these are serving America’s interests.  Various indices of freedom/authoritarianism report a steep decline by the U.S.  Freedom House, which scores countries (0–100) on political rights and civil liberties and categorizes them as Free, Partly Free, or Not Free reports that the U.S. score is now at its lowest level since they adopted the 100‑point scale, while still rated “Free.”   The democracy watchdog, Martin Gelin reports that “Trump is aiming for dictatorship”. But we can still stop him if we wake up and yell STOP.

ICE and immigrants

Virginia’s new governor, Abigail Spanberger, has made a big mistake. One January 17, Governor Spanberger signed Executive Order 1, which rescinds a previous directive from former Governor Glenn Youngkin that had required state police and corrections agencies to cooperate with ICE. I assume that like me most American’s want better control over illegal immigration and some, like me, what more legal immigration.

Surely when illegal immigrants are caught and convicted of a crime, they should be deported. Such persons are generally held in American jails. Thus, the proper and most efficient way to deport them is for local officials to turn them over to ICE. Governor Spanberger has made Virginia a sanctuary state. While the overwhelming majority of illegal immigrants have not committed any crimes other than overstaying their visas, President Trump even in his first term was determined to deport them, presumable at the urging of the immigrant hater Steven Miller.

As an aside, recently deceased CATO Vice President David Boaz’s husband was also named Stephen Miller and depending on which one we were referring to we said, “the good Stephen Miller” or “the bad Stephen Miller.” Even though first term Trump didn’t resort to masked ICE agents grabbing foreign looking people off the street, his push to deport illegals was very disruptive. “Illegal aliens”

We need to take a another shot at passing immigration reform legislation identical or similar to the 2013 legislation that passed the Senate but not the House. In the meantime, the masked ICE agents should be limited to deporting illegal immigrants who have been properly convicted of crimes. Their current behavior is disgusting and turning good hearted American’s off (that excludes the Bad Stephen Miller, of course) on the whole effort. This includes arresting reporters and American citizens in complete violation of our principles and laws. The Justice Department should take time off from prosecuting Trump’s critics and prosecute these ICE crimes (including murder). Trump seems to be reducing illegal immigration by making America as unattractive as possible, hardly making America great again.

The list of ICE misbehavior is long and growing: “Minnesota immigration detained US citizen”

But the attack on our values runs deeper than just violating our laws as explained in an article by Radley Balko:

“The lies this administration is telling about Ms. Good aren’t those you deploy as part of a cover-up. They’re those you use when you want to show you can get away with anything. They’re a projection of power….

“It’s one thing to tank or slow-walk an investigation. It’s quite another to publicly declare that no investigation will happen on any level and then announce that you’ll be investigating the victim’s partner and supporters instead. Both paths are unethical and corrupt. Undermining an investigation at least pays lip service to the idea of accountability and public trust. The administration’s actions in Ms. Good’s case are a declaration that there will be no accountability and that it would prefer to instill fear rather than trust.”

Sanctuary cities and states should cooperate with Immigration officials by handing over illegal immigrants who have been convicted of crimes and Congress should get serious about passing sensible legislation. “Immigrants from hell”  “We need comprehensive immigration reform now” In the mean time ICE should take off their masks and get off the street.

Bosnia

In my last blog I condemned the US’s illegal attack on Venezuela and worried about what might follow given the apparent lack of a broadly considered and agreed plan. In this blog I will contrast it with the approach taken at the end of the vicious civil war between the Croat, Serb and Bosnian populations of Bosnia and Herzegovina.

The fighting in Bosnia and Herzegovina ended with the signing of the Dayton accords. “Three decades ago, in November 1995, the U.S.-brokered Dayton accords ended the Bosnian war, a three-and-a-half-year ethnic conflict that killed roughly 100,000 people and displaced two million. The settlement imposed a complex power-sharing structure on a divided country, promising the state of Bosnia and Herzegovina a new start.” This quote is from an excellent assessment of that agreement and the new constitution for Bosnia and Herzegovina that it created by Elmira Bayrasli in Foreign Affairs: “Bosnia’s Unfinished Peace”

I drafted the monetary section of that constitution, which established a central bank bound by currency board rules (i.e. no monetary policy as the money supply is determined by the public’s demand for and willingness to purchase its currency). I also led the IMF teams that drafted the Central Bank Law that merged the existing three central banks (Croat, Serbian and Bosnian) into one national bank and currency. The negotiations with the three (obviously) future governors of the Central Bank of Bosnia and Herzegovina (CBBH) lasted for over a year of heated discussions of the CBBH’s powers and the details of its currency notes. For details see my account in “One Currency for Bosnia”  Surprisingly to many the CBBH’s currency board rules were accepted instantly by all three with no debate. The reason was that the three didn’t trust one another and currency board rules eliminate an monetary policy discresion.

The Dayton accord was the product of intense negotiations between the Presidents of Croatian, Serbian and Bosnian provinces of B&H and diplomates from the US, UK, EU and Russia culminating with the agreement at the Wright-Patterson Air Force Base in Dayton Ohio—the Dayton Accord. To lay out the sharp contrast between these negations and the lack of them in the current “take over” of Venezuela, I will quote extensively from Wikipedia:

“During September and October 1995, world powers (especially the United States and Russia), gathered in the Contact Group, pressured the leaders of the three sides to attend settlement negotiations; Dayton, Ohio was eventually chosen as the venue.

“Talks began with an outline of key points presented by the US in a team led by National Security Adviser Anthony Lake in visits to London, Bonn, Paris and other European stops 10 – 14 August 1995. These included Sochi, to consult Russian Foreign Minister Andrei Kozyrev. Lake’s team handed off to a separate US inter-agency group led by Assistant Secretary of State Richard Holbrooke, who went on to negotiate with Balkan leaders in their capitals. The Holbrooke crew conducted five rounds of intense shuttle diplomacy from August to October, including short conferences in Geneva and New York that resulted in the parties’ adoption of principles for a settlement on 8 and 26 September respectively.

“The Dayton conference took place from 1–21 November 1995. The main participants from the region were the President of the Republic of Serbia Slobodan Milošević (whom the Bosnian Serbs had previously empowered to represent their interests), President of Croatia Franjo Tuđman, and President of Bosnia and Herzegovina Alija Izetbegović with his Foreign Minister Muhamed Šaćirbeg.

“The peace conference was led by US Secretary of State Warren Christopher, and negotiator Richard Holbrooke with two co-chairmen in the form of EU Special Representative Carl Bildt and the First Deputy Foreign Minister of Russia Igor Ivanov. A key participant in the US delegation was General Wesley Clark. The head of the UK’s team was Pauline Neville-Jones, political director of the Foreign and Commonwealth Office. The UK military representative was Col Arundell David LeakeyPaul Williams, through the Public International Law & Policy Group (PILPG) served as legal counsel to the Bosnian Government delegation during the negotiations.”

The history and situation of Bosnia and Herzegovina was dramatically different than Venezuela. Ending its civil war required extensive negotiations and considerable international oversight of compliance to the agreed arrangements. As noted in the Foreign Affairs article sighted above, a serious mistake was holding national elections far too earlier. The intense hatreds of the three national groups were not given enough time to soften resulting in the election of hardliners and the continuation of the war by other means. The second mistake was the failure of international oversight (the UN High Representative) to fully exorcise its powers. None the less the three nation country has held together peaceably for three decades following its civil war.

While the political situation in Bosnia remains fragile (see the excellent article sited above in Foreign Affairs) the central bank itself has been a great success, widely trusted and respected by most citizens from the three provinces. I attribute this to its enlightened leadership and the central bank law with its currency board rules. Tragically the DOGE chain saw seems to have eliminated US capacity for effective diplomacy. “At the breaking point”