Macroeconomics Commentary

A Full-Court Currency Press

Washington should pressure Beijing on its currency—multilaterally.

Turning the Page in Iraq

Reduced violence and signs of political progress in Baghdad are heartening. But the United States remains essential to Iraq's success.

Bankrupt Empire

Washington’s massive debt will force America to abandon its role as global hegemon.

A War We Can't Afford

We can’t pay for the conflict in Afghanistan. So why are we still there?

The Next Depression?

As the U.S. economy slows and the dollar loses value, Washington faces a tough choice: letting the market right itself or succumbing to the rising protectionist tide. Will policy makers act responsibly or try to score cheap political points?

Is Black Really the New Green?

Will rising powers like China and Russia use their vast currency reserves to undercut U.S. foreign policy? On Friday, experts Flynt Leverett and Brad Setser laid out the possibilities—and dispelled some myths.

A Deadly Disconnect

The United States is focused on fighting extremism, but ordinary Pakistanis are worried about the economy. Why emerging markets are key to the war on terror.

Sudan Bids Farewell to the Greenback

Is Sudan’s decision to stop using the dollar yesterday proof of Flynt Leverett’s thesis?

Euro Implications for US Foreign Policy

The introduction of the Euro as the common currency of several EU countries has to date had little impact on relations between the US and those countries.

Power and Deficit Spending

The durability of the American triumph in Iraq will presumably depend on factors more political and diplomatic than strictly military.

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May 26, 2012