By refusing negotiation over China’s rise, the United States might be making conflict inevitable. How far will mounting tension with China be translated into the
The US is addicted to greatness – and haunted by its loss. Great powers, both past and present, are haunted by three interconnected preoccupations: they
The dollar is king. This year the strength of the US currency has humbled the yen, the euro and the pound sterling. US interest rates
Fed chief Jerome Powell wants the world to understand his present decisions are guided by past traumas. At the annual gathering of central bankers and
By raising interest rates, the Federal Reserve strengthened the U.S. currency—and revealed its centrality to global order. 2022 has been a year of dollar power—power
A review of: THE LORDS OF EASY MONEYHow the Federal Reserve Broke the American EconomyBy Christopher Leonard As the U.S. economy bounces back from the
Despite victories from Covid to climate change, the president is hamstrung and the nation as divided as ever At the 12-month mark, the obituaries for
The global war on terror triggered by 9/11 was a vast undertaking. It took hundreds of thousands of lives, reshaped America’s relations with large parts
Despite forecasts of decline following the Afghanistan withdrawal, the US military is planning another century of global domination. In August 2021, the dismaying scenes at
In the last two years the central banking community has embraced the issue of climate change. That is not to say that central bankers have
Back in autumn 2019, when COVID was still just a twinkle in Satan’s eye, the world was already hurtling toward crisis. The Arctic Sea ice was
A roundtable discussion with: Anusar Farooqui, Yakov Feygin, Daniela Gabor, Robert Hockett, JW Mason, Saule Omarova, and Tim Sahay, moderated by Adam Tooze.
When we think of tackling the problem of climate change we might think of smoke-belching power plants, or gas-guzzling trucks, or the guilty pleasure of
A year into a crisis of world-historic proportions, and what have we learned? After flubbing every aspect of the pandemic response, from masks to contact
For some Joe Biden has already exceeded expectations. For others his economic program is nowhere near enough to address the climate crisis and American decline.
In 2018, Columbia history professor Adam Tooze published his magisterial work “Crashed”, which framed the Great Financial Crisis as essentially a crisis of the global
Does Joe Biden’s climate plan go far enough? On 22-23 April the Biden administration is hosting a global climate summit to mark Earth Day, named
Arguing with Zombies: Economics, Politics and the Fight for a Better Future by Paul Krugman. Norton, 444 pp., £13.99, February, 978 0 393 54132 8 Paul Krugman’s latest collection of essays,
The party risks a dead end with its ‘Little Britain’ thinking, in marked contrast to the bolder path taken by Joe Biden What a difference
The United States’ massive relief package is more than a technocratic policy. It’s a democratic triumph. There is a lot of debate right now about
Digitale Währungsformen wie die Kryptowährung Bitcoin werden gerade zu Zeiten von Corona immer relevanter. Der Wirtschaftshistoriker Adam Tooze bezweifelt allerdings, dass Bitcoin die Währung der
The dollar is dead. Long live the dollar. If 2020 confirmed one thing, it was the centrality of the dollar to the global economy. U.S. hegemony may
With a slim majority in Congress, the president-elect lacks a solid base. The past teaches us what may happen. President Trump’s efforts to overturn the
Central banks have kept their economies afloat this year—but political dysfunction is pushing them past the breaking point. In the looking-glass moment of November 2020
Corona – Das Virus und die Wirtschaft – Folge #35 In den USA bereit sich so ziemlich alles auf einen Präsident Biden vor – mit
This week a special edition from the Bristol Festival of Economics with Helen Thompson and Adam Tooze talking about what might follow the pandemic. From vaccines to changing patterns
Wie weiter am Ende des amerikanischen Jahrhunderts? Europa und die Welt am Scheideweg zweier Epochen Wenige Tage nach der US-Präsidentschaftswahl diskutieren Bundestagspräsident Wolfgang Schäuble und
Joe Biden may have won the election, but the U.S. is still divided and the Republicans are ready to block his every move, even as
As the transition to the next administration under Joe Biden begins, several lists of potential economics team members are already in circulation. Longtime Biden advisors
Joe Biden is President-elect of the United States. But what might his Presidency mean for working class Americans, US foreign policy and perceived national decline?
With progress blocked, the US election could entrench the poisonous status quo Whatever else emerges from the US’s 2020 election, one thing is clear: it
As of early morning, Nov. 4, the presidential betting market is back where it was 24 hours ago. As was true before the polls closed
das Virus und die Wirtschaft – Folge #33 Man dachte, sein Management der Coronakrise habe den US Präsidenten seinen Rückhalt in der Bevölkerung gekostet. Auch
As we await the outcome of the U.S. election, the world economy drifts listlessly, paralyzed by the shock of COVID-19 and geopolitical and political uncertainty.
The United States can protect itself against turbulence, but doing so against a great recession is a lot more difficult, and that is the danger
The forces Trump represents and the fragility of the country’s electoral machinery are problems decades in the making. As we approach 3 November, it seems
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