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Analysis and Commentary

The ECB Should Extend Its Bond-Buying Programme

by Melvyn B. Kraussvia Financial Times
Sunday, November 18, 2018

The European Central Bank is signaling that it intends to end its €2.5tn quantitative easing programme next month. Mario Draghi, ECB president, made that clear at the bank’s monthly meeting in October. Yet the recent eurozone growth numbers were the weakest since 2014. The danger for the ECB is that it will have to start QE up again soon after ending it.


Socialism’s Empty Seduction

by Charles Calomirisvia CNS News
Friday, November 16, 2018

The overarching message of “The Opportunity Cost of Socialism”—a study recently released by the President’s Council of Economic Advisers (CEA)—is that the advocacy of socialism cannot reasonably be based on policy preferences; its attraction has always been grounded in a combination of wishful thinking and ignorance. 


Martin Feldstein: Famed Harvard Economist Warns Of Brexit Spillover From Clash

interview with Martin Feldsteinvia Fox Business
Thursday, November 15, 2018

Hoover Institution fellow Martin Feldstein discusses Brexit concerns.

Analysis and Commentary

Europe’s Door Is Still Open – But Britain Will Have To Move Fast

by Timothy Garton Ashvia The Guardian
Saturday, November 17, 2018

The EU is fed up with the UK’s Brexit drama, but would extend article 50 to allow for a second referendum.


‘Churchill: Walking With Destiny’ Review: A Life At Full Pelt

by Tunku Varadarajan with Andrew Robertsvia The Wall Street Journal
Friday, November 16, 2018

[Subscription Required] Some of the best accounts of Churchill’s life were written by Churchill himself, setting his biographers some daunting competition. How do you write more eloquently than a man who wrote prose so fine it was deemed worthy (in 1953) of a Nobel Prize in literature?

Background EssayFeatured

The Structure of the Contemporary International System

by Josef Joffevia Strategika
Thursday, November 15, 2018

A monopoly obtains when one firm is free to set prices and output while keeping ambitious newcomers out of the market. The best example is Standard Oil in the late 19th century. Ruthlessly undercutting competitors, the company ended up controlling 90 percent of refined oil flows in the United States. The United States never had that kind of overweening power in the international “market.” It may have come close to unipolarity in the 1990s when its mortal rival, the Soviet Union, had committed suicide. Yet the contemporary world is no longer unipolar. Neither is it bi- or multipolar.

In the News

Russia Wants DNC’s Election-Hacking Lawsuit Thrown Out

quoting Jack Goldsmithvia The Washington Post
Tuesday, November 13, 2018
The Russian government is arguing that a federal court should dismiss a lawsuit brought by the Democratic National Committee alleging that Moscow’s military spies, the Trump campaign and the WikiLeaks organization conspired to disrupt the 2016 campaign and tilt the election to Donald Trump.
In the News

CRB: Blood-Soaked Monsters

mentioning Stephen Kotkinvia Power Line Blog
Tuesday, November 13, 2018

The Claremont Review of Books is of course the flagship publication of the Claremont Institute.


Victor Davis Hanson: Macron Wants ‘European Union Army,’ Can’t Make NATO Payments

interview with Victor Davis Hansonvia Breitbart
Monday, November 12, 2018

Hoover Institution fellow Victor Davis Hanson reflects on Macron’s Sunday remarks at the centennial commemoration of World War I’s armistice in Paris, France, where the French leader said, “Patriotism is the exact opposite of nationalism: Nationalism is treason.”

In the News

Blood-Soaked Monster

featuring Stephen Kotkinvia The Claremont Review of Books
Tuesday, November 6, 2018

Writing a biography of Joseph Stalin is a monumental task, which he made as difficult as possible.