Richard Haass
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.
thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.
explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
纽约——时常扰乱美国人生活的大规模枪击事件不应被简单地视为随机之举。它们是主权权威持续瓦解的表象。作为对权威终级主张的主权必须具备至少两项原则:即不可分割性及合法垄断使用武力的权力。唯有国家借助警察力量,才能被允许在国家防御中使用暴力(无论是防范国内恐怖和犯罪行为亦或是抵御国外的袭击)。
尤其因为面对所谓不安全和不公正时人们只能自救,对国家警力丧失信心是一种危险的境地。如果人们不再信任国家能提供维护社会结构所需的安全和正义——自我依赖有可能挑战国家的主权权威。
从历史角度看,法西斯政治运动的出现往往伴随着私人民兵的平行崛起:莫索里尼的黑衫军、希特勒的棕衫军、巴西的绿衫军和爱尔兰法西斯领袖奥因·奥达菲的蓝衫军都包括在内。
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