If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.
Without economic recovery there is no political consensus; without political consensus there is no economic recovery. If Washington fails to overcome its current stalemate, a long period of monetary stagnation and moral decline will set in.
The gold standard is making a comeback! Tea partiers looking to push the government out of the monetary-policy-making business would have all of us carting bullion-laden trolleys to the grocery store.
Finance ministers around the world are up in arms over the Fed's latest efforts to jump-start the anemic U.S. economy. The future of globalization hangs in the balance.
The Russian leadership lives in a tension-ridden house. Putin and Medvedev’s tandem system is beginning to falter. The recession has exposed frictions between the two men and revealed Putin’s inadequacies...
Ten years after its death, communism's elegists--Eric Hobsbawn chief among them--have yet to give up the ghost.
A proposal to reinvent a troubled but vital institution.
The appointment of the Primakov government in September reflects profound changes in Russian politics, some of which have serious implications for the United States.
Japan provides the last remaining prop for the dollar’s role as the world’s currency, and with that role all of America’s superpower pretensions.
