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 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.
The appointment of the Primakov government in September reflects profound changes in Russian politics, some of which have serious implications for the United States.
Too much of Western energy, resources, and political capital has been sunk into schemes whose primary goal is propping up Yeltsin's regime, while not listening to what Russians themselves want and need.
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.
