The New Rules of Trade
In the final weeks of July 2025, the global economic landscape was fundamentally reshaped. Within days of each other, the United States finalized sweeping trade frameworks with two of its largest part...
30 Juli 202516min
The Future of the Dollar in Perspective
The U.S. dollar holds a central, yet increasingly contested, position in the global financial system. Its future is not a single, predictable path but rather the likely outcome of a complex interplay ...
28 Juli 202515min
The Rise of the Pivotal Powers
On a summer morning in Rio de Janeiro in mid-2025, the leaders of the BRICS nations convened for the bloc’s 17th summit. The scene was one of carefully choreographed cooperation, yet the air was thick...
25 Juli 202516min
From Treasury Scarcity to a Debt Deluge
In early 2001, Washington grappled with a problem that now feels like a dispatch from a parallel universe. Projections for budget surpluses were so vast that policymakers debated not how to rein in de...
21 Juli 202518min
The ‘Involution’ Economy
In the expanding cities of China, the laws of economics appear to have been suspended. A consumer can walk into a showroom and drive away in a new electric vehicle for less than $10,000. On a secondha...
18 Juli 202516min
The Unending Duel
Two competing visions of the economic world have engaged in a profound and often bitter struggle for more than a century. This intellectual contest, most vividly embodied by the Keynesian and Austrian...
14 Juli 202518min
US's New Fiscal Architecture
In a move that will define the second term of the Trump administration, the “One Big Beautiful Bill Act” (OBBBA) was signed into law on July 4, 2025, after a grueling, party-line battle in Congress. T...
11 Juli 202519min
