Iraq: Is the surge working?
Monday, September 17th, 2007It’s very hard to get unbiased information on how we’re doing in Iraq. The Republicans and Democrats aren’t going to be honest about the situation, and most of the media are just as bad.
I was glad to see this post on the Freakonomics blog today. Levitt summarizes a logical analysis of “the surge” by an MIT economist. To summarize it even further, the surge is making a difference in some areas, but it doesn’t seem to be making a long term difference.
The author’s main evidence on that front is the price of Iraqi government-issued bonds. If the government collapses the bonds won’t get paid. At the moment, the financial markets aren’t giving the government much of a chance based on the price of the bonds. Of course, financial markets do occasionally get things wrong, but they’re right more often than not.
Levitt also makes some interesting observations about academia at the end of the post.