Kenneth Dam has devoted his career to public policy issues, both as a practitioner and as a professor. In the former capacity, he served as deputy secretary, the second-ranking official, in the Department of Treasury from 2001 to 2003 and in the Department of State from 1982 to 1985. In 1973, he was executive director of the Council on Economic Policy, a White House office responsible for coordinating US domestic and international economic policy. From...