Comment

If the U.S. wants to shoot itself in the foot, then the best response may be to let it. But it looks like the politics will trump (as it were) the economics. So the danger of escalation is real. A column by Barry Eichengreen.

It is hard to overstate the social impact the World Cup will have within Russia. People who will witness this international event will learn to appreciate diversity and avoid discrimination. A column by Konstantin Sonin.

The new course of policy might soon lead Italy into the precipice of insolvency, capital controls, and even the exit of the Euro area. A column by Fabrizio Zilibotti.

As the diplomatic tumult in the cases of North Korea and Iran shows, the madman strategy has made a comeback. It is now being adopted even in debates about reforming the Eurozone. A column by Harold James.

The next EU-summit will not show very substantial results. The European Union is too deeply divided for that to happen. A column by Charles Wyplosz.

If we reflect on Marx' intellectual legacy, we should do so not in celebration, but to inoculate our open societies against the totalitarian temptation that lurks in his false theories. A column by Carl Bildt.

The Trump deal would shift the Chinese piece of America’s multilateral imbalance to higher-cost imports from elsewhere – the functional equivalent of a tax hike on American families. A column by Stephen S. Roach.

Beyond challenging emerging markets’ stability, a sudden and sharp appreciation of the US dollar threatens to complicate trade negotiations. A column by Mohamed A. El-Erian.

Like high-level managers at publicly traded private companies, policymakers who made bad decisions should face clawbacks, in the form of reduced pensions. A column by Dambisa Moyo.

Some regulation of the technology sector is necessary, and there is now an open window of opportunity to pursue new policies in that respect. A column by Michael J. Boskin.

From the perspective of the European Union voluntary export limitations should be the most tempting response. A column by Daniel Gros.

Fed appointees have been treated almost as well as generals in the Trump universe. But with ballooning deficits and the approach of the 2020 election campaign, testing times lie ahead. A column by Kenneth Rogoff.