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How Democracy Can Win Again

My political awakening coincided with the systemic changes that unfolded following the collapse of communism in Hungary in 1989. I

Afghanistan’s Forsaken Women

Owing to the pandemic and other calamities, many referred to 2020 as a “biblical year.” Now, however, it is starting

This SDR Allocation Must Be Different

In August, the International Monetary Fund announced, to much fanfare, that its members had reached a historic agreement to issue

Changing the Climate of Financial Regulation

As this year’s brutal summer showed, it has become increasingly easy to track the consequences of climate change. Just as

Three Lessons from a Two-Decade Failure

Twenty years ago, the September 11 terrorist attacks shocked the world. “We are all American” became a global slogan of

The World 9/11 Made

This week marks the 20th anniversary of the September 11, 2001, terrorist attacks on the United States. On that day,

A Crippling Blow to the Global War on Terror

The American-led global war on terror, launched 20 years ago after the September 11, 2001, attacks against the United States,

COVID-19 and Human Freedom

The upsurge of COVID-19 cases, hospitalizations, and deaths in the United States serves as a bitter reminder that the pandemic

What Difference Did 9/11 Make?

The terrorist attacks of September 11, 2001, were a horrific shock. Images of trapped victims leaping from the Twin Towers

The Colonial Trap

On February 20, 1947, Clement Attlee, the socialist British prime minister, informed parliament that India would become independent no later

The G20 Must Recommit to COVAX

It is one year since the international community gave its backing to the COVID-19 Vaccine Global Access (COVAX) facility to

America’s Return to Realism

US President Joe Biden’s speech defending the withdrawal from Afghanistan announced a decisive break with a tradition of foreign-policy idealism

Green National Accounting

Once, on a flight out of Albuquerque, I was reading a glossy magazine article criticizing gross national product when I

Monetary Order and International Security

This year includes big anniversaries in the history of the international monetary order. August 15 marked 50 years since US

The AI Revolution and Strategic Competition with China

The world is only starting to grapple with how profound the artificial-intelligence revolution will be. AI technologies will create waves

Back to the Seventies?

With the United States’ disastrous exit from Afghanistan, the parallels between the 2020s and the 1970s just keep growing. Has

The Stagflation Threat Is Real

I have been warning for several months that the current mix of persistently loose monetary, credit, and fiscal policies will

Abandoned and Alone: Lamenting the US-Australian Alliance

Listening to Australian pundits talk about the relationship of their country with the US – at least from a strategic

The Case for a Food Systems Stability Board

The COVID-19 pandemic, rising rates of global poverty and inequality, persistent conflict, and the escalating climate and biodiversity crises are

The Evolution of American Capitalism

Jonathan Levy, a historian at the University of Chicago, is a leader in the burgeoning movement to place capitalism at