I doubt if the way out of the present imbroglio lies in programs, regulations, or bailouts. It is simpler and deeper than that. It is not an event; it is a syndrome. We have forgotten prudence.

Ethiopia, where my wife and daughter and I travelled recently, is a very curious corner of the world indeed. Twice the size of France and with about the same population, it sits just above the equator in east Africa. Directly across the Red Sea lies Yemen and then, to the north, Saudi Arabia.

The qualities of a great leader, with reference to Wellington, Machiavelli, Lord Wu, Marshal Lyotey, Socrates, and others. From an address given at the Army War College.