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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

The Meaning of Gold's Plummet

Rapidly expanding central-bank balance sheets threaten the global economy.

The Cyprus-Crisis Culture Clash

The bank fight was influenced by European-Cypriot-Russian worldviews as much as by money.

Cautious Optimism from Cyprus

Robust risks remain, but the deal on the island shows new confidence and flexibility from the EU's financial firefighters.

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

The Priesthood of Central Bankers

Central bankers have amassed unprecedented power, and yet lack serious political counterweights.

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.

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May 19, 2013