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European Central Bank

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.

Beyond American Hegemony

The United States should abandon its futile attempt to secure global hegemony in favor of a concert-of-power foreign-policy strategy.

Commentary

Overhauling the Central Banks

Inflation targeting helped cause—and intensify—the global financial crisis. What we can do about it.

The Erosion of the EU

First came the economic troubles. Now the European Union also faces crises of policy, unity and democratic legitimacy

Curing What Ails Europe

Creating a fiscal union will cause more problems. Europe needs a different sort of medicine.

Blogs

Europe's In Trouble Again

With debt crises, skyrocketing interest rates and immigration crackdowns, the prospect of a united Europe seems further away than ever.

Books & Reviews

America Under the Caesars

Anti-interventionists allege our leaders traded a strong, austere republic for a weak and sprawling empire predicated on a military might that could not match our own ambitions. This narrative negates real threats and real victories.

Remember Prussia?

The improbable ascent, sudden collapse and subsequent re-imagination of Prussia.

Who Won the War?

In the Cold War, Reagan overreached--and hit the mark.

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February 13, 2012