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—在乌克兰战争、台湾周边局势紧张以及美中竞争加剧的背景下,一场新的地缘政治危机正在酝酿之中。朝鲜在暂停核挑衅三年后,正在为情报机构所警告的第七次核试验做准备——可能在 11 月 8 日美国中期选举之前进行。
五年前,随着朝鲜独裁者金正恩和时任美国总统特朗普互相威胁核战争,世界面临“火与怒”的前景。随后出现了一场虚假的和平,金正恩会见了几位世界领导人,以放松制裁为条件换取缩减部分核计划的模糊承诺。
2019 年与特朗普的河内峰会失败后,金正恩返回平壤,并很快下令全国封锁以逃避 新冠大流行。但朝鲜的核武器和导弹计划继续快速推进。
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