I was once told that the Brookings Institution’s annual budget for its foreign-policy studies programme is three times the size of the budget of the National Security Council. But even venerable and well-funded think-tanks like Brookings are going to be squeezed by the credit-crunch. And some of the tiddler think-tanks are actually going to go out of business.
Part of my job involves mixing with people who run or staff think-tanks. And like a lot of the other people I mix with – journalists, bankers, middle-class layabouts – they are a worried group. Read more