Edward Conard

Top Ten New York Times Bestselling Author

  • “Unintended Consequences is far smarter and more thought-provoking than most economics written for the general public” - Greg Mankiw, Harvard University, Former Chairman of the Council of Economic Advisors
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “There are an amazing number of good ideas and interesting points made in Unintended Consequences. The thinking underlying it, and the obvious depth of understanding of the author, are very impressive.” - Steven Levitt, coauthor of Freakonomics; 2004 John Bates Clark Medal
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “Unintended Consequences offers deep and well-argued analyses on almost every issue.” - The New York Times
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
Upside of Inequality Oxford Unintended Consequences

AI Summary. The U.S. is building a strategy around dispersed, mobile land-based missile launchers that can operate in island environments while still inflicting heavy damage on an adversary. Australia is buying 42 Himars launchers from the U.S. and jointly developing the Precision Strike Missile, which it could eventually manufacture domestically alongside U.S. production lines.

Mike Cherney Wall Street Journal
Date Posted:

The US’s new precision strike missile will enable American or Australian Himar platforms to hit moving targets at sea at a range of 310 miles. The system would complicate a contested Chinese invasion or blockade of Taiwan.

Can dispersed mobile missile launchers strengthen deterrence in island environments?

Core argument: Australia is buying 42 Himars launchers from the U.S. and is partnering with Washington to develop the Precision Strike Missile, and could eventually produce PrSMs domestically to augment U.S. manufacturing lines.

The U.S. wants its units to be more nimble, more widely dispersedand more capable of operating in island environments, making them harder to find but still capable of inflicting heavy damage on an adversary. Land-based, mobile missile launchers are important to the strategy. Earlier in July, the U.S. fired its Typhon missile system in Australia—which can shoot Tomahawk missiles and the Standard Missile 6—for the first time in the region. Another U.S. missile system, called Nmesis, features an antiship missile launcher mounted on a remote-control truck. Australia is buying 42 Himars launchers from the U.S., and is also joining with Washington to develop the PrSM. Eventually, Australia could make PrSMs domestically, augmenting U.S. manufacturing lines.

Takeaways by Macro Roundup® AI

  1. Australia is buying 42 Himars launchers from the U.S. and is partnering with Washington to develop the Precision Strike Missile, and could eventually produce PrSMs domestically to augment U.S. manufacturing lines.
  2. The U.S. seeks units that are more nimble, more widely dispersed and capable of operating in island environments, harder to find but still able to inflict heavy damage on an adversary, with land-based mobile missile launchers important to the strategy.
  3. The U.S. fired its Typhon missile system, which can shoot Tomahawk missiles and the Standard Missile 6, in Australia for the first time in the region, while a separate system, Nmesis, mounts an antiship missile launcher on a remote-control truck.

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