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Grassroots Economics

The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.

Death Cometh for the Greenback

America’s debt is ballooning. Runaway inflation threatens our creditors. Faith in the almighty dollar is wavering. Soon a global reserve, complete with its own currency, will land the final blow against the dollar. But contrary to popular opinion,

Manchurian Paradox

The America-China symbiosis cannot be overstated. Beijing’s willingness to buy U.S. debt allowed us to live on credit, while our purchase of Chinese goods propelled their meteoric rise. But as the financial markets have soured, some in the United

Covering Your Assets

A second look at the threat of global financial annihilation.

Money, Money Everywhere. . . .

The dollar's international dominance, which underwrites our global economic leadership, can no longer be taken for granted.

The Culture Club

Not all cultures are equally conducive to progress.


The Bitcoin Bubble and a Bad Hypothesis

Under the efficient-markets hypothesis, a worthless digital currency should have never gotten off the ground.

Patience and the Currency Wars

The blunderbuss approach to U.S.-China economic relations makes no sense.

A Full-Court Currency Press

Washington should pressure Beijing on its currency—multilaterally.


The End of the Euro?

The news for Europe keeps getting worse.

Books & Reviews

Facing Down Iran

Everyone agrees that Iran is a threat. What makes Ilan Berman stand out?

Preventing the Unthinkable

Graham Allison paints a frightful picture of nuclear terrorism. But all is not yet lost.

Resisting the Charms of War

Andrew J. Bacevich laments American militarism.

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April 24, 2014