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How Afghanistan Was Really Lost

Assume you knew nothing about a particular low-income country except the following facts. Its annual income per capita in 2020

Why Jerome Powell Must Go

US President Joe Biden faces a critical decision: whom to appoint as chair of the Federal Reserve – arguably the

The Case for Chinese Foreign Aid

Since 2000, China has spent $843 billion on bilateral aid. That is around $39.5 billion per year, similar to the

Why All the Inflation Worries?

In the past three years, technological advances have provided about one percentage point of warranted US real wage growth each

Constitutional Hacks

It is the crucible of war, Linda Colley argues, that forges constitutions. This claim raises an important question: What will

Facebook’s Foreign Disasters

“The ugly American,” the title of a novel published in 1958 by Eugene Burdick and William Lederer, entered the language

Climate of Im/pact – A Streetcar named Glasgow

In November, the world’s attention will be focused on the proceedings and outcomes of the United Nations COP26 International Panel

What Europe’s Energy Crunch Reveals

This month represents an important milestone in the fight against global warming – and not only because of the United

The Greening of Global Value Chains

Clogged ports, long shipping delays, and skyrocketing transportation costs are all evidence of the havoc COVID-19 is continuing to wreak

Why Are Supply Chains Blocked?

Supply-chain disruptions are severely hampering the global economic recovery. It is a strange situation in many ways. The types of

Back to Austerity?

Economic and financial policymaking tends to move like a pendulum. Euphoria about the potential of government action is usually followed

The Subordination of Women in Texas

In 1984, the late US Supreme Court Justice Ruth Bader Ginsburg gave a lecture on why Roe v. Wade, the

Net Zero Is Not Zero

It may seem as if the world is finally taking the climate crisis seriously, judging by the number of pledges

Latin America’s Monster Movie

Latin Americans have many talents. One is a remarkable ability to misgovern ourselves, as the pandemic has made clear. Six

Will This COP Be Different?

As world leaders gather at the United Nations Climate Change Conference (COP26) in Glasgow, there is tremendous ebullience about the

The Path to Climate Credibility

On October 25, the electric-vehicle producer Tesla’s market capitalization reached $1 trillion – more than the combined value of the

The Bonfire of the Currencies?

Ready or not, the financial world is being forced to face the possibility of a future without traditional notes and

The Greening of the Kremlin

In a 1970s-era Soviet joke, the Politburo resurrects Stalin and asks him what it should do to combat economic stagnation

Glasgow, Greta, and Good Intentions

Both anxiety and hope are increasing in the run-up to the United Nations Climate Change Conference (COP26) in Glasgow. There

The Tribalist Threat to Climate Action

Two global struggles – Cold War II and the fight against climate change – are colliding. By agreeing to hold