The Reckoning

If it is true that, in the words of the military historian Correlli Barnett, “war is the great auditor of institutions,” then we Americans have more to worry about than our 401(k)s. The Iraq war’s bloody audit has revealed institutional flaws that have been consistently overlooked or concealed by those who should have been keeping an eye on the balance sheet. And while it is surely right to blame the Bush administration’s miscalculations, willful illusions, and...

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