ADAM TOOZE

The current situation of unexpected and rapid price increases, has forced us to define more clearly what is inflation. In a nominalist vein you could

In 2021-2022 we are living through something very unusual – a historic break, a sudden shift from a low inflation regime, that had persisted for

As the Fed has announced its pivot to a tighter monetary policy, financial conditions in the US – a broad gauge of borrowing conditions –

The polycrisis we are in the midst of, is fast-moving, complex, heterogeneous, interconnected, explosive. One comfort, at least intellectually, is that we are in it

In Chartbook #73, back on January 21st this year, I proposed Krisenbilder – crisis pictures – as a way of making sense of what then

While sorting through a pile of clothes preparing for a summer trip, I came across the folded text of the Columbia MA Commencement speech that

Russian forces attempted to cross the Siverskyi Donets river in eastern Ukraine this month using a pontoon bridge, but their tanks and armoured vehicles were

This week the World Bank announced that it is slashing its forecast for 2022 global growth to 2.9%, down from 5.7% in 2021. This is

The successful Allied landings on the beaches of Normandy on 6 June 1944 stand as one of the defining events of mid twentieth-century history. D-Day

A few weeks ago, browsing the bookshop at the Barbican in London I chanced on Familiar Stranger – A Life Between Two Islands, the posthumous

A book to read My brilliant friend Stefan Eich has a book out this week – The Currency of Politics – which I want everyone

Channelling Rayner Banham for 2022 Ukraine’s successful defense against Russian attack has become a dynamic (re)generator of ideology. The war has reopened debates about just

Rising prices continue to dominate the headlines. The impact on household budgets is felt above all by those least well off. There is talk of

Once you realize it’s scale, there is no global trend as dramatic today as the revolution in Africa’s demography. Asia’s return to the center of

If there is a weapon that symbolizes the war in Ukraine, it is the FGM-148 anti-tank infrared guided missile also known as Javelin. Images of

Containers of Dodge trucks awaiting shipment to Russia under the lend-lease agreement, August 1943. Library of Congress, Washington, D.C.; Alfred T. Palmer, photographer (LC-USE6-D-002838) In

The shift in Western discourse on China over the last five years has been dramatic. Trade wars, tech wars, COVID, Xi Jinping’s crackdowns, the real

Source: Harper Collins Journalist and historian David de Jong started work at Bloomberg just shortly after Zucotti park was violently cleared of protestors, on the

Bitcoin has no reason to exist. It delivers no meaningful benefit for society. It is a form of gambling, propelled by naked greed and generating

The damage being done to the Ukrainian economy every day by the Russian attack is mounting up at a dizzying pace. The bill, simply in

The vast complex of the steel mill of Azovstal is where the last defenders of Mariupol are making their stand. What kind of place is

Every moment of stress in the global financial system is a test of lines of interconnection and power. The most obvious example of this right

The current surge of inflation is having a painful impact on the cost of living especially for folks on below average incomes. The key questions

In early February 2022 – remember back then when inflation was still our principal concern – the ECB signaled a hawkish turn on monetary policy.

“The consciousness that I live in a revolutionary world is the central fact in my life. I go to sleep and I awake thinking of

War and history are intertwined. Entire conceptions of history are defined by what status one accords to war in one’s theory of change. War is

Did a piece for Foreign Policy on the global economic shockwave from Russia’s attack on Ukraine. We have had a lot of debate about the

What is the future of the dollar-based financial order in light of Russia’s invasion of Ukraine? Are we entering a new financial and economic regime?

Triggered by the sanctions imposed on Russia’s central bank there is a lot of excited talk right now about the possibility of major holders of

Russia’s invasion of Ukraine is driving Europe to reconsider its energy policy options. I featured the German debate about immediate sanctions in Chartbook #97. Chartbook

In trying to wrap my head around the Mariupol siege and the battles for the cities of Ukraine that seems to be looming, I have

When a nation is fighting for its life, with its cities are under bombardment and approaching a fifth or more of its population in flight,

We are at a strange juncture. The symptoms seem familiar. We have experienced months of rising inflation and are living through something akin to an