Every day, the European Union, the United Kingdom, and the United States send Russia an average of $500 million for oil and gas. But there
Stop Financing Putin’s War
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Politics
Russia – How Did it Come to This?
What could possibly salvage the wreckage that remains of Russia’s botched transition from communism to a pluralist market economy?
Ukraine: Implications for Investors
The invasion of Ukraine has near and long-term consequences for investors. It is not as simple as ‘buy the dip’.
No, Prices Won’t Stabilize in 2022
Inflation is a monetary phenomenon. Get used to it. It won’t fade away anytime soon.
Russia’s Stolen Future
By invading Ukraine, Russian President Vladimir Putin is challenging not only that country’s independence but also the broader European
The Invisible Students
Our educational system is failing immigrant students, eroding the promise of our future.
The False Narrative of Elitism
In our love and hate of elites exists the false belief that some group is at fault for whatever ails us collectively.
The Trust-but-Verify Path to Net Zero
Comparisons between today’s China-US tensions and the Cold War are often superficial and misleading. But reviving the maxim that underpinned
Biden’s Misery Index
Historically, the Misery Index – the sum of the unemployment and inflation rates – has offered a sound benchmark for assessing an incumbent
Reject Indifference
Dreamers and innovators need hope the way others need oxygen, and it is our job to support them accordingly.
America’s Not-So-Great Inflation
The acceleration of US inflation in recent months has led many alarmed observers to point to parallels with the 1970s, when commodity prices
Realism About Foreign-Policy Realism
In a world of sovereign states, foreign-policy decisions naturally should account for national interests and the broader balance of power.
Banks and the Green Leap Forward
By imposing stricter capital requirements on fossil-fuel lending, governments and banking regulators can help to redirect a huge flow of funds
The Fed’s Wary Embrace of Digital Dollars
It is not difficult to fathom why the United States’ central bank is especially resistant to any quantum change in the existing financial
The South China Sea’s Environmental Crisis
The environment is rarely served by great power politics. China’s territorial ambitions in the South China Sea are hastening the destruction
Guns and Shots
Pandemic control and gun control offer important, and overlapping, lessons.
How China Views the Ukraine Crisis
China is watching the Ukraine crisis closely. It is a test of America’s resolve, and it could have important implications for geopolitical
A Whiff of Munich
With the United States and its NATO allies seeking further negotiations to prevent Russia from invading Ukraine, many have been quick to invoke
Investors Must Tackle Vaccine Inequity
It is time for investors to demand that boards of directors of pharmaceutical companies are held accountable to doing the right thing to reduce
Why Did Almost Nobody See Inflation Coming?
Forecasting inflation is a staple of macroeconomic modeling, yet virtually all economists’ predictions for the United States in 2021 were
Regime Change in the Global Economy
Growth theory doesn’t make for pleasant reading these days. Indications point to challenges ahead.
A Bad Year for Markets?
Market fundamentals are shifting from tailwinds to headwinds. Investors ought to prepare for more volatile conditions.
The Power and Poison of MMT
Modern Monetary Theory (MMT) is misunderstood by its defenders and detractors. Elements of it can be useful, others are dangerous.
America’s Democratic Future
Demographics are friendly to Democrats. But without safeguards to voting rights, majorities may not matter.