National governments’ responses to the latest banking crisis confirm once again that some countries play by different rules than others.
Crises of Uncertainty
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A Tale of Two Banks
Is the Fed is losing control over the money supply and inflation in its efforts to combat the banking crisis?
Belonging, COVID, and Students
It has been three years since COVID shut down schools, and we are still learning about the profound impact it has had on our youngest generations.
How China Benefits from Another US Banking Crisis
Today, we are witnessing a potentially lethal interplay between two sources of tension: a financial crisis, reflected in the failure of Silicon
America’s Interest in Ending the Ukraine Crisis
After more than a year of fighting, it is clear that neither side in the Russia-Ukraine war can win on the battlefield. A negotiated ceasefire
What Next?
The ongoing banking crisis is an opportunity to rethink whether we even still want or need to have banks.
Revisiting America’s War of Choice in Iraq
Wars are fought not only on the battlefield but also in domestic political debates and in histories written after the fact. In the case of
Who Is to Blame for the New Banking Crisis?
In 2018, US lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability
Is Banking too Important to Be Left to Bankers?
The Silicon Valley Bank debacle has many lessons, starting with the conclusion that banking may simply be too important to be left to the
Will Geopolitics or Technology Reshape the Global Monetary Order?
China was supposed to be the main beneficiary of a shift away from the dollar by countries fearing its “weaponization” by US authorities.
The Inflation Picture Gets Murkier
Despite signs that inflation in most major economies has peaked and is trending back down, recent data releases have renewed fears that central
What Europe’s Economy Needs Now
The US Inflation Reduction Act should be seen as a wake-up call for Europe. As the European Investment Bank Group holds its first-ever EIB
A Good Year for China’s Economy
Following the government’s abandonment of its zero-COVID policy in December – and especially since the middle of last month – the economy
The Crusade to Ban ESG Makes No Sense
Efforts to prohibit financial institutions from considering environmental, social, and governance criteria reflect a fundamental misunderstanding
China Is Dying Out
Chinese policymakers must somehow implement policies to reduce the cost of raising children without crashing the economy. But even if they
Time For a Different Drink?
While it is tempting to assume the market is driven only by the direction of the Federal Reserve, what is happening in China should also be
Why the War Will Continue
The map of Ukraine a year from now will most likely resemble nothing so much as the map as it appears today. The year ahead promises to be
The United States Marine Corps, Quo Vadis?
After almost 250 years, the US Marine Corps is facing what may be its biggest threat — from within.
Globalization’s Latest Last Stand
With the world increasingly turning away from economic integration and cooperation, the second wave of globalization is threatening to give
Markets Believe in Miracles
Global equity markets are priced to perfection, a state that is unlikely to remain unchallenged.
There Is More Inflation Complexity Ahead
As US inflation gradually eases, the claim that today’s inflationary pressures are the result of a temporary supply shock has re-emerged.
Quitting While on Top
New Zealand Prime Minister Jacinda Ardern’s decision to resign, despite the support of a solid parliamentary majority and no challenge from
Eliminate the Debt Ceiling
The periodic chaos and exceptional measures associated with the US federal debt ceiling are costly, unnecessary, and could well end in catastrophe.
Utopia or Bust
The grand narrative of the long century between 1870 and 2010 was about technological triumph, coupled with social-organizational failure.