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Banking

Commentary

European Elections and the Debt Debacle

Saving Europe from the debt crisis will require overhauling the ECB and the euro zone.

The Next Global Collapse

The lessons we should have learned from the recent economic meltdown.

Financing Terror

A spotty record of inconsistent enforcement and few successes raises the question: Are laws targeting terrorists' bank accounts worthwhile?

Essays

U.S. Debt Culture and the Dollar's Fate

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.

The No-Growth Trap

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.

A Critique of Pure Gold

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.

Mr. Bernanke Goes to War

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.

Two-Part Czar

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...

The Long Goodbye

Ten years after its death, communism's elegists--Eric Hobsbawn chief among them--have yet to give up the ghost.

Blogs

Risk and Recklessness in Public Affairs

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.

Afghanistan, a Decade after 9/11

The top three things Washington needs to realize about the Afghan war—before it's too late.

Books & Reviews

First Bank of the Living Dead

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.

Shaking the Invisible Hand

The chances of another cycle of optimism, overconfidence, hubris, panic and a long period of pessimism are high.

Success Story; Review of David Marsh, The Most Powerful Bank: Inside Germany's Bundesbank

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.

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May 26, 2012