For decades, discussions about de-dollarisation have focused on the wrong question: which currency could replace the US dollar? The euro…
The conventional way to think about an oil shock is through inflation, household purchasing power, and corporate margins. A sufficiently…
The Hidden Security Architecture Behind Globalization—and What Happens When It Breaks For most of modern economic history, globalization has been…
In a heavily indebted economy, the textbook relationship between interest rates and inflation can begin to change. Raising rates still…
For most of the last forty years, the global economy has been built on an extraordinary assumption: that the physical…
For decades, discussions about the future of the international monetary system have centered on a single question: What could replace…
Why Some Economists Believe Simpler Taxes Could Create More Growth Most tax debates focus on a familiar question: Who should…
Why the World May Be Entering a New Economic Regime For most investors under the age of sixty, the economic…
Commodities, Energy Scarcity, and the Return of Structural Inflation For much of the post-Global Financial Crisis era, investors became conditioned…
A Shock That Is Structural, Not Cyclical The current oil shock is not a classic supply disruption that fades with…
A System Built on Invisible Guarantees The United States is approaching a moment that is less about policy choice and…
For decades, eggs have lived a strange double life in nutrition science. Once vilified as a driver of heart disease,…
Oil, Fiscal Dominance, and the Return of Stagflation? Why Today May Resemble the 1970s More Than the Pre-GFC Economy (Part…
A Historical Perspective on a Possible Macro Turning Point History does not repeat mechanically — but it rhymes in structure.…
A first prototype of what could become the future of long-term data storage has moved from theory to reality. Microsoft…