JOURNALISM
Brexit Has the UK Traveling the Wrong Way in Time
Even considering the disruptions of Covid and the war in Ukraine, leaving the EU has been an expensive divorce for Britain.
The Fed Hasn’t Fixed Its Worst Blunder Since the 1970s
Jay Powell wants us to believe he has what it takes to bring inflation under control. History warns us to be skeptical.
Sick Stablecoins Can’t Infect Financial Markets
Terra’s collapse worries Janet Yellen. But as with tulip mania, a handful of investors took the losses.
Henry Kissinger at 99: how to avoid another world war
Interview: The Cold War statesman on Putin, China and our new moment of peril
Dust Off That Dirty Word Detente and Engage With China
Joe Biden's grand strategy is setting the US and Beijing on a collision course. It's bad foreign policy and terrible domestic politics.
America, China, Russia and the Avalanche of History
The world doesn’t move in cycles or with a grand design. Echoes of the 1970s remind us that one disaster often begets others.
Crypto and the Dollar Are Partners, Not Rivals
The disruptions of Covid and Russia’s invasion of Ukraine have shown the strength of the Western system and the weakness of China’s.
China’s ‘Zero Covid’ Has Become Xi’s Nemesis
Beijing oversold its surveillance-based system of disease control and underestimated the shape-shifting virus. The result is an economic mess — though probably not a political crisis.
Seven Worst-Case Scenarios From the War in Ukraine
Most conflicts end quickly, but this one looks increasingly like it won’t. The repercussions could range from global stagflation to World War III.