
No Country Makes Its Own Inflation
Sixty years of data show inflation moving in step across the world. Economic theory still treats it as a national affair.
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Sixty years of data show inflation moving in step across the world. Economic theory still treats it as a national affair.
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Maritime shipping costs are rising sharply, with no end in sight. That means more inflation and shortages.

The long historical record shows that big technology changes like AIdo not get rid of many job types but does change their content.
From U.S. strategy and multipolar transitions to systemic shifts or human errors, these are some of the hypotheses behind the energy crisis
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Rising economic instability, censorship, and polarization signal that we have quietly entered a new wartime era.
Michael Hudson discusses BRICS, the posture of India, the energy crisis and the evolution to a new monetary order.

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Some badly-needed sanity-checks on much-hyped stories: the agentic AI breakout and the (nowhere to be found) bond market freakout.
Today’s Iran war news: Washington Post notices the Pentagon's body count a bit low, GOP Senate candidates call for end of War, Trump at UN.
Today's Iran war news: Things are deceptively quiet as the fall UN General Assembly meetings and Xi's summit with Trump approach.
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