Germany faces no shortage of crises, from the Russian security threat and political instability among Western allies to democratic backsliding
How Much Has the Ukraine War Changed Germany?
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Is Nuclear War Inevitable?
Russian aggression and nuclear saber rattling have reminded us that the likelihood of nuclear war is a matter of both independent and interdependent
Laboring Days
Summer is over and it is time for investors to get back to work. It may be hard labor.
Will Russia or the West Win the Economic and Financial Battle?
After six months of unprecedented Western sanctions, Russia’s economic situation, though bad, is arguably better than most observers expected.
Economics in the New Age of National Security
In an era of strategic competition, economics may have to rethink core principles, including comparative advantage and the gains from trade.
The Real Stakes at Jackson Hole this Year
Fighting inflation should not distract policymakers from the need to repair a broken global trading system.
Jackson Whole?
The Federal Reserve’s annual Jackson Hole conference is about to begin — don’t expect much clarity.
False Advertising for the Inflation Reduction Act
Listen to US President Joe Biden and other proponents of the recently signed Inflation Reduction Act, and you would think that America has
American CHIPS Off the Chinese Block
America’s world-leading semiconductor industry is a testament to the advantages a competitive market economy has over a command economy
Progressive Federalism to Combat Judicial Extremism
Although the US Supreme Court’s conservative supermajority has declared war on rights that a majority of US citizens cherish, US states
Xi Jinping’s Guns of August
Faced with a crippling pandemic and a spluttering economy, it is no surprise the President Xi is shoring up support via nationalism and claims
The Danger of Nuclear Reactors in War
Russia’s occupation of Ukraine’s peacetime nuclear reactors is a reminder that diplomacy must find solutions to safeguard nuclear power
Blame the Economists
Science has long recognized the dynamics of climate change. To our detriment, economics has been slower to adapt.
The Productivity Paradox
Short-term productivity growth is likely to come in weak, but the real problem is that American workers’ productivity gains have been suffering
From Great Moderation to Great Stagflation
For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined
Rate Hikes Are Not the Right Answer to “Wage-Price Persistence”
Inflation is not primarily demand-driven, so why destroy demand to deliver lower inflation?
Russia’s Looming Defeat in Ukraine
Contrary to popular perception, Russia is losing on the battlefield and in economics.
Fiscal Policy Should Return to Fundamentals
The longstanding argument that go-go Keynesian fiscal stimulus is the answer to every imaginable economic shock has been exposed as bankrupt.
The ECB’s Political Overreach
The ECB risks exceeding its mandate, with potentially grave consequences.
A New Test for EU Solidarity
The Europe’s unity, and perhaps its union, is facing a grave challenge in the forms of war, energy and inflation.
Trash Talking the Fed
Fed Chairman Powell took flak for suggesting the Fed Funds rate is now neutral. The criticism isn’t warranted.
As the World Burns
Even before Russian President Vladimir Putin launched his war against Ukraine and set off a global scramble for fossil fuels, the battle against
Rate Hikes Alone Won’t Curb Inflation
Because America’s sky-high inflation rate is driven heavily by supply-side shortages, it will not be brought down by demand-suppressing
America’s Dangerous Descent into Violence
The increasingly frequent and alarming incidence of violence in America is no accident. As the history of fascist movements shows, the rise