The magazine of international economic policy.

From the Winter 2006 issue

Today vs. 1935: Hyperbole or Prescience?

Former U.S. Speaker of the House Newt Gingrich recently suggested the present-day global situation bears a striking resemblance to 1935, with Iranian President Mahmoud Ahmadinejad’s pursuit of nuclear weapons capability—not to mention his anti-Jewish sentiments—strikingly similar to Adolf Hitler’s quest in the 1930s for weapons superiority. Is this observation credible or over the top?

A symposium of views

From the Founder

Iran’s Ahmadinejad: Crazy or Crazy Like a Fox?

By David Smick

Hundred Dollar Oil, Five Percent Inflation, and the Coming Recession

Why the Fed is in trouble.

By Philip K. Verleger, Jr.

Deflationary Lessons

What Japanese deflation did and did not do.

By Adam Posen

Greenspan’s Four Lessons

An important senior Tokyo financial strategist sizes up the last two decades of U.S. monetary policy.

By Makoto Utsumi

The Global Driver

How housing is driving the world economy.

By David Hale

Why Japan Needs Higher Interest Rates

The first step toward shifting to a consumption-based economy.

By Tadashi Nakamae and Tomoko Saito

Japan’s Golden Age

What to make of the age demographic.

By Chi Lo

Captain Rato and the Titanic

The growing irrelevance of the International Monetary Fund.

By Desmond Lachman

The Cox Revolution

How the former U.S. lawmaker is changing the SEC.

By Christopher Whalen

The Emergence of Africa

The Subsaharan attempt to join the emerging markets club.

By Gary Kleiman

The Hidden Key to Growth

How local services stimulate economic expansion.

By Martin Baily, Diana Farrell, and Jaana Remes

Georgia on My Mind

Economic realism in a new book on post-Soviet economic transformation.

By Anders Åslund