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...
What do the masters of foreign policy and the masters of Wall Street have in common? The ability—and propensity—to risk your money (and life) for their whims.
As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.
Marsh is a gifted journalist and his command of events is most impressive, but he does not have the same respect for ideas as he does for the nitty-gritty of reportage.
