As President Bush taps Robert Zoellick to be president of the World Bank, Larry Kudlow writes, “both the IMF and the World Bank are unnecessary artifacts from a bygone, post-WWII reconstruction era”, and asks, “do we really need the World Bank?”
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Meanwhile, Wired’s “Danger Room” blog wonders why the U.S. needs embassies in the Middle East, noting that they’re essentially hardened concrete bunkers, designed much more to keep terrorists out, than to foster goodwill with the people at large of those countries.
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