A careful look at US economic conditions supports the view that inflation was driven mainly by supply-side disruptions and shifts in the pattern
How Not to Fight Inflation
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Theme of the Week
The Promise of Nuclear Fusion
We may be on the cusp of commercially available nuclear fusion technology, which would usher in a societal paradigm shift.
Debunking Solar Geoengineering
Proponents of solar geoengineering say that lowering Earth’s average temperature by reflecting sunlight into space will tackle global
What US Leadership Can Do for Nature
Although the United States is not a party to the Convention on Biological Diversity, its heavyweight status affords it ample opportunities
The Climate Crisis Is Also a Health Crisis
The interplay between climate change and the spread of deadly pathogens could herald an era of global devastation and disruption. To avert
Tangled Up in Blue
Last month, scientists at Trinity College Dublin published research that the human brain may be a kind of quantum computer, rather than a classical one. This is a big, big deal. Good science requires cautious and critical thinking. So it is no surprise that the...
A Drunkard’s Search: Ageism and the Labor Shortage
The developed world is facing a historic labor shortage and the answer is to hire more older workers…yet, ageism is a pernicious hurdle.
The Bond Vigilantes are Back
Governments are beholden to both the public via their representatives in parliamen and the financial markets. Sometimes those ‘constituents’
The Global Recovery Winds Down
The severity of the global downturn is compounded by policy error. Avoiding a deeper slump will require a course correction.
Geopolitical Davids and Goliaths
The world’s largest and most well-established powers are all stuck in traps created by their own historical obsessions – be it memories
Is the Pound Close to the Breaking Point?
While the pound’s recent declines may evoke memories of the 1992 “Black Wednesday” crisis, sterling’s weakness does not
Requiem for an Empire
Since World War II, Britain’s influence in the world has relied on its “special relationship” with the United States, its position as
Whither the ESG Revolution?
Many companies are promising to align their objectives – including how they measure their performance – with broader imperatives relating
How Much Has the Ukraine War Changed Germany?
Germany faces no shortage of crises, from the Russian security threat and political instability among Western allies to democratic backsliding
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
Blame the Economists
Science has long recognized the dynamics of climate change. To our detriment, economics has been slower to adapt.
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
The ECB’s Political Overreach
The ECB risks exceeding its mandate, with potentially grave consequences.
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
The Case for Strategic Reserves
The end of globalization means nations must have a backup plan when trade is disrupted. It is time to build national reserves of foodstuffs,
Private Equity’s ESG Generation
The private-equity industry is about to undergo an epochal shift, as the founders of many leading firms retire and a younger generation with
America’s Birthday
Democracy is not an outcome, but an ambition that requires we seek out our common values rather than fight for rights.
Integrity
As the January 6th hearings unfold, it is a good time to consider the ideal of integrity.