It is true that in 2005 Putin called the collapse of the Soviet empire ‘the greatest geopolitical catastrophe of the century’. But in fact it is the tsarist Russian Empire Putin is attempting to bring back from the dead. Peter the Great is his hero, much more than Stalin.

America and its allies can wean Europe off its dependence on energy imported from Russia.

From Waterloo to the Ukraine crisis, fears of conflict have moved interest rates, boosted commodities prices and won (and lost) people fortunes.

Long-run financial history suggests that negative interest rates are not unusual and that DeFi is a bona fide revolution.

The pandemic has revealed Americans to be tacit Social Darwinists, while trapping the Chinese in a vast Panopticon.

Current conditions are ideal for a Russian invasion, but the historical inspiration is more tsarist than Soviet.

Foreign rivals hypocritically echo Americans’ own fears about racism and Trumpism, but the real malaise is bipartisan.

On top of an intensifying cold war between the U.S. and China and other seismic changes, the rapid spread of Covid-19’s newest variant could finish off our most recent phase of global integration.

The U.S. labor market is caught between a pandemic that isn’t quite over and an inflation surge that’s gathering steam.