When Mario Draghi’s tenure was approaching its end, I argued for a sterner governor for the European Central Bank (ECB); hence, I was not even slightly enthusiastic when Draghi’s successor turned out to be Christine Lagarde—a patent dove, as can be inferred from her...
Former Treasury Secretary Lawrence Summers dismissed the optimism of former Federal Reserve Chairman Ben Bernanke, who recently said the central bank could likely fight off the next recession despite the low level of interest rates. Bernanke’s speech was “a kind of...
Billionaire Carl Icahn says inflation could revive and spin out of control if policy makers were to embrace modern monetary theory. Icahn, a former special adviser to President Donald Trump, is the latest financial heavyweight to denounce the progressive economic...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
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