What makes the blogosphere such a valuable resource are the subject matter experts who share their insight and experience with one and all. Professor Gary S. Becker, Graduate School of Business at The University of Chicago, takes a sober, balanced look at The Economics of the Iraq War on the fantastic Becker-Posner blog,

I believe the war should be assessed a bad failure if Iraq degenerates into civil war that leads before very long to another brutal dictatorial regime. On the other hand, if Iraq stabilizes reasonably soon, has a decent government, and starts to progress economically, the war would have been a success. I say this not only because the war got rid of a cruel and dangerous dictator who inflicted immense harm on his own people, and who would have used highly destructive weapons on others if he ever obtained them. In addition, a stable and progressive Iraq is likely to have beneficial effects on Syria, Saudi Arabia, and other bad regimes in the Middle East that will directly benefit the whole free world, possibly including creating a background for a peace between Israel and its Arab neighbors.

It could be a decade or more before the ultimate verdict about the war is available.The future looks precarious at present, but it is too early to throw in the towel and conclude that the war was a costly failure.

Read the whole article.

While we are on the topic of Iraq and subject matter experts, check out this heartfelt assessment from Iraqi blogger Mohammed on the excellent blog Iraq The Model,

Life stopped and time stopped when Saddam ruled Iraq, actually that totalitarian regime was moving backwards and dragging us with it and nothing could stop the deterioration that began the moment Saddam came to power. We had to accept the change and live with all that would come along with it whether good or bad.

The democracy we’re practicing today in Iraq is the exact opposite of what we had for decades and until three years ago. This democracy carries the essence of life, the differences, the dynamics and yes, the failures but also the seed of a better future.

Read the whole article.