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 European Union is unable to achieve a true federal union, yet neither is it likely to fall apart. That leaves its internal incoherence as a long-term problem for the United States.
In the last issue, Zbigniew Brzezinski proposed a new plan for including Russia in an expanding transatlantic community. But his ideal world might not come about. With a comment from Brzezinski.
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.
