While the pound’s recent declines may evoke memories of the 1992 “Black Wednesday” crisis, sterling’s weakness does not
Theme of the Week
Since World War II, Britain’s influence in the world has relied on its “special relationship” with the United States, its position as
Germany faces no shortage of crises, from the Russian security threat and political instability among Western allies to democratic backsliding
In an era of strategic competition, economics may have to rethink core principles, including comparative advantage and the gains from trade.
Listen to US President Joe Biden and other proponents of the recently signed Inflation Reduction Act, and you would think that America has
America’s world-leading semiconductor industry is a testament to the advantages a competitive market economy has over a command economy
Science has long recognized the dynamics of climate change. To our detriment, economics has been slower to adapt.
For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined
The longstanding argument that go-go Keynesian fiscal stimulus is the answer to every imaginable economic shock has been exposed as bankrupt.
The Europe’s unity, and perhaps its union, is facing a grave challenge in the forms of war, energy and inflation.
The increasingly frequent and alarming incidence of violence in America is no accident. As the history of fascist movements shows, the rise
The end of globalization means nations must have a backup plan when trade is disrupted. It is time to build national reserves of foodstuffs,
The private-equity industry is about to undergo an epochal shift, as the founders of many leading firms retire and a younger generation with
Democracy is not an outcome, but an ambition that requires we seek out our common values rather than fight for rights.
As the January 6th hearings unfold, it is a good time to consider the ideal of integrity.
Despite the rapid development of COVID-19 vaccines and treatments to reduce mortality, the elderly, the immunocompromised, and other vulnerable
Today’s inflation is not a monetary phenomenon. Tighter monetary policies cannot address what ails the world economy.
Tesla has been kicked out of the S&P ESG Index and Elon Musk claims ESG is a scam. Is he right?
Sadly, principled statesmen and women who can forge bold, morally consistent responses to today’s global problems are in short supply.
Rich countries have shown impressive unity in helping Ukraine counter the Russian invasion. They now need to demonstrate the same level of
If Europe is willing to pay the price of expensive LNG imports, it could severely undermine Russia’s ability to earn hard currency via gas
Western countries’ increased use of financial sanctions as a weapon of war has created a new incentive for China and other countries
With luck, the risk of a synchronized global downturn will recede by late 2022. But for the moment, the odds of recession in Europe, the United
President Biden’s recent large-scale use of the Strategic Petroleum Reserve is being driven by politics, not economics.