For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined
Inflation is not primarily demand-driven, so why destroy demand to deliver lower inflation?
Contrary to popular perception, Russia is losing on the battlefield and in economics.
Short-term productivity growth is likely to come in weak, but the real problem is that American workers’ productivity gains have been suffering
The longstanding argument that go-go Keynesian fiscal stimulus is the answer to every imaginable economic shock has been exposed as bankrupt.
The ECB risks exceeding its mandate, with potentially grave consequences.
The Europe’s unity, and perhaps its union, is facing a grave challenge in the forms of war, energy and inflation.
Fed Chairman Powell took flak for suggesting the Fed Funds rate is now neutral. The criticism isn’t warranted.
Even before Russian President Vladimir Putin launched his war against Ukraine and set off a global scramble for fossil fuels, the battle against
Because America’s sky-high inflation rate is driven heavily by supply-side shortages, it will not be brought down by demand-suppressing
The increasingly frequent and alarming incidence of violence in America is no accident. As the history of fascist movements shows, the rise
As investors get ready for an August break, most anticipate smooth sailing ahead — but many an August vacation has been ruined by market
Do not be surprised if, later this month, there is a wave of headlines claiming that the US economy is in recession. But such an assessment
Today’s energy crisis could prove to be worse that those of the 1970s. Policy must respond.
The end of globalization means nations must have a backup plan when trade is disrupted. It is time to build national reserves of foodstuffs,
Investors are confused. Since early June US bond yields have gyrated like a drunken sailor, first soaring, then collapsing, and then surging
The private-equity industry is about to undergo an epochal shift, as the founders of many leading firms retire and a younger generation with
Investors appear to view the British pound more like the currency of a troubled emerging market than of a stable advanced economy. And now,
Former Prime Minister Abe Shinzō’s assassination understandably comes as a shock, given that Japan has not experienced political violence
Democracy is not an outcome, but an ambition that requires we seek out our common values rather than fight for rights.
Policymakers in Western industrialized countries would do well to remember that periods of high inflation historically have led to much bigger
Central banks’ only real option for tackling inflation is to reduce demand – an approach that implies a significant drag on global growth.
‘Recession now’ may not be what investors were hoping to hear, but it is probably preferable to the alternative of recession later.
Opinion is divided as to whether the current massive downturn in private digital currencies and related services represents a necessary and