MY MIND ISSUES 0 N. Strategies for the Future GEORGE P. SHULTZ A/ FOREWORD BY Henry A. Kissinger. SUB Hamburg HOOVER INSTITUTION PRESS

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1 SUB Hamburg A/ ISSUES 0 N MY MIND Strategies for the Future GEORGE P. SHULTZ FOREWORD BY Henry A. Kissinger HOOVER INSTITUTION PRESS Stanford University \ Stanford, California

2 Contents Foreword by Henry A. Kissinger Acknowledgments xi xv 1 Our Challenges The world is awash in change. 1 2 Better Governance What's wrong with governance today and how can we fix this essential process? 9 3 Return to a Vibrant Economy Our economy has lost its drive. The reasons and the solutions are clear. Here's how we can have a vibrant economy once again A Better Energy Future How can we take advantage of new opportunities? 45 5 Drugs: The War with No Winner Forty years of the failed war on drugs should be enough to stimulate debate on alternative approaches to this serious problem Effective Diplomacy Applied to Issues of Foreign Policy Proven ideas for effective diplomacy should be applied with a strategic overview that gives direction to the tactics of the day. 63

3 CONTENTS vii 7 Toward a World Without Nuclear Weapons We must get better control of nuclear weapons and identify the steps needed to achieve the goal of their eventual elimination Final Reflections 101 Epilogue 107 Comments by Helmut Schmidt 2012 Henry A. Kissinger Award Ceremony, Berlin, Germany, May 24, Comments by Henry A. Kissinger 2012 Henry A. Kissinger Award Ceremony, Berlin, Germany, May 24, Remarks by President Reagan, George P. Shultz, and Mike Mansfield Medal of Freedom Award Ceremony, Washington, DC, January 19, Tribute to Ronald Reagan George P. Shultz, June 9, Appendix 1 Our Challenges "Representation: A Lesson from My Days with Nixon" George P. Shultz, Turmoil and Triumph: My Years as Secretary of State, New York: Charles Scribner's Sons, Better Governance "The Constitution Doesn't Mention Czars" George P. Shultz, The Wall Street Journal, April 11, "The Shape, Scope, and Consequences of the Age of Information" George P. Shultz, Address before Stanford University Alumni Association's International Conference, Paris, France, March 21,

4 viii CONTENTS 3 Return to a Vibrant Economy "Prescription for Economic Policy: 'Steady as You Go'" George P. Shultz, Address before the Economic Club of Chicago, Chicago, IL, April 22, "Economic Strategy for the Reagan Administration" A Report to President-elect Ronald Reagan from His Coordinating Committee on Economic Policy, November 16, '"Think Long' to Solve the Crisis" George P. Shultz, The Wall Street Journal, January 30, "Principles for Economic Revival" George P. Shultz, Michael J. Boskin, John F. Cogan, Allan H. Meltzer, and John B. Taylor, The Wall Street Journal, September 16, "Time for a Budget Game-Changer" Gary S. Becker, George P. Shultz, and John B. Taylor, The Wall Street Journal, April 4, "Education Is the Key to a Healthy Economy" George P. Shultz and Eric A. Hanushek, The Wall Street Journal, April 30, "The Magnitude of the Mess We're In" George P. Shultz, Michael J. Boskin, John F. Cogan, Allan H. Meltzer, and John B. Taylor, The Wall Street Journal, September 16, A Better Energy Future "How to Gain a Climate Consensus" George P. Shultz, The Washington Post, September 5, "Why We Support a Revenue-Neutral Carbon Tax" George P. Shultz and Gary S. Becker, The Wall Street Journal, April 7,

5 CONTENTS ix 5 Drugs: The War with No Winner "A Real Debate About Drug Policy" George P. Shultz and Paul Volcker, The Wall Street Journal, June 11, Effective Diplomacy Applied to Issues of Foreign Policy "US Foreign Policy: Realism and Progress" George P. Shultz, Address before the 37th UN General Assembly, New York, NY, September 30, "America and the Struggle for Freedom" George P. Shultz, Address before the Commonwealth Club of California, San Francisco, CA, February 22, "The Future of American Foreign Policy: New Realities and New Ways of Thinking" George P. Shultz, Statement before the Senate Foreign Relations Committee, Washington, DC, January 31, "Terrorism and the Modern World" George P. Shultz, Address before the Park Avenue Synagogue, New York, NY, October 25, "US-Soviet Relations in the Context of US Foreign Policy" George P. Shultz, Statement before the Senate Foreign Relations Committee, Washington, DC, June 15, '"Tear Down This Wall,' Twenty Years Later" George P. Shultz, Address before the American Academy in Berlin, Berlin, Germany, June 5, Toward a World Without Nuclear Weapons "Preventing the Proliferation of Nuclear Weapons" George P. Shultz, Address before the United Nations Association of the USA, New York, NY, November 1,

6 "Nuclear Weapons, Arms Control, and the Future of Deterrence" George P. Shultz, Address before the International House of Chicago and the Chicago Sun-Times Forum at the University of Chicago, Chicago, IL, November 17,1986 c. "A World Free of Nuclear Weapons" and Sam Nunn, The Wall Street Journal, January 4, 2007 "Toward a Nuclear-Free World" and Sam Nunn, The Wall Street Journal, January 15, 2008 "Deterrence in the Age of Nuclear Proliferation" and Sam Nunn, The Wall Street Journal, March 7, 2011 "A World Free of Nuclear Weapons, An Idea Whose Time Has Come: Where We Are and Where We Need to Go" George P. Shultz, Address before the Global Zero World Summit, Paris, France, February 2, 2010 "Issues and Opportunities in the Nuclear Enterprise" Sidney D. Drell, George P. Shultz, and Steven P. Andreasen, The Nuclear Enterprise: High Consequence Accidents How to Enhance Safety and Minimize Risks in Nuclear Weapons and Reactors, Hoover Institution Press, 2012 "Next Steps in Reducing Nuclear Risks" and Sam Nunn, The Wall Street Journal, March 5, 2013 About the Author Index Photo Section after page 126

Government Regulatory Policies and the Delayed Economic Recovery. John B. Taylor 1. Testimony before the Committee on the Judiciary

Government Regulatory Policies and the Delayed Economic Recovery John B. Taylor 1 Testimony before the Committee on the Judiciary United States House of Representatives September 20, 2012 Chairman Smith,