Comment

Are we witnessing a replay of Neville Chamberlain’s efforts in Munich of 1938 and how risky ist the dictum «never appease dictators»? A column by Harold James.

By now, it is passé to warn that the Fed is «behind the curve.» In fact, the Fed is so far behind that it can’t even see the curve. A column by Stephen S. Roach.

Germany's Green politicians made a huge mistake when they demonized nuclear power, and the rest of the world has recognized this. A column by Hans-Werner Sinn.

Chinese imports to the US were simply replaced by imports from other countries. The big winner of the trade war seems to be «bystander» countries with deep international ties. A column by Pinelopi Koujianou Goldberg.

We need better regulation instead of just more of it, and we need more capital: Capital provides a buffer against all shocks, and it does not require regulators to be clairvoyant. A column by John H. Cochrane.

Few Russians are willing to trade their living standards for enhanced global status- But whether thes domestic cost will stop Putin, is far from guaranteed. A column by Nina L. Khrushcheva.

From now on, an agreement to keep Ukraine out of the Alliance is the minimum, not the maximum, that Russia will demand. It might work. A column by Sławomir Sierakowski.

The eurozone has become more stable, but now it needs adaptations to deal with persisting dysfunctions. This will be a long process, but the scope for action has become more promising. A column by Charles Wyplosz.

The pandemic has accelerated pre-existing trends that in the very long run might reduce the demand for low-skilled workers, but in the short to medium term will likely have the opposite effect. A column by Daniel Gros.

If the US maintains its strategic emphasis on China, it will unavoidably lose considerable geopolitical influence. But the diminution of America’s global stature could also bring significant benefits. A column by Minxin Pei.

The EU should consider launching a diplomatic initiative like the Helsinki Process, credited with reducing tensions between the Soviet and Western blocs in the 1970s. A column by Robert Williams and Moritz Rudolf.

Christine Lagarde is in no rush to tighten monetary policy, because of her concern for keeping the currency union intact as the stimulus is scaled down. A column by Melvyn B. Krauss.