Russia’s trade surplus is a sign of weakness, not strength. Its economy is being crippled by a cutoff of imports.
We need higher interest rates to bring inflation down. But higher rates will “work” largely by depressing housing construction, which was already too low.
As Republicans have become full-on anti-democratic, why have they remained the enemy of any policy that might help its many working-class supporters?
Autocrats may believe that financial exposure to their regimes will make democracies afraid to stand up for their values. We need to prove them wrong.
It pains me to say that we can’t safely let the economy keep running this hot.
Recovering from the pandemic was always going to be tough, and Vladimir Putin has made it tougher. But we’re actually doing relatively OK.
China, like Russia, is now giving us an object lesson in the usefulness of having an open society, where strongmen don’t get to invent their...
Putin seems to be in the process of achieving something remarkable: reminding the world’s democracies what they stand for.
While China itself isn’t joining in the sanctions, it is deeply integrated into the world economy.
The West is levying financial sanctions against Russia for its aggression against Ukraine. How effective can such sanctions be?