The Latest Breaking News from Bretton Woods

The U.N. General Assembly’s yearly meeting of world leaders is here

My Hoover Institution colleague Philip Zelikow was kind enough to pass this along; he is an emeritus history professor at… The post "Using History to Help Settle the Question of Presidential Tariff Powers" (Philip Zelikow) appeared first on Reason.com.

A new idea of ‘inter-generational justice’ is gaining traction as a better way of producing a more equitable global order

When US Secretary of the Treasury Henry Morgenthau opened the Bretton Woods Conference almost 80 years ago, he reminded delegates that failures of international cooperation had led to the Great Depression, social division and ultimately war. "Prosperity, like peace, is indivisible," he concluded, "we cannot afford to have it scattered…

Emilio Mwai Kibaki, retired third president of independent Kenya who has died , had a rich and multifaceted legacy as a long serving public official.

WASHINGTON — Treasury Secretary Janet Yellen has sketched out her vision for a new era of economic cooperation among nations that share key values and principles, in a sweeping speech that laid down a stern challenge to China.

The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles. With a price of RUB5,000 (£45.12) for a gram of gold, to my knowledge it’s the first time that a nation’s currency has been expressed in “gold parity” since Switzerland decided…

President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the US dollar by freezing Russian assets, the Kremlin said. Russia's economy is facing the gravest crisis since the…

Every month, the Bank for International Settlements calculates and publishes the real and nominal effective exchange rates for major currencies. The most recent data, released in mid-February, contained a shock for Japan. They show that the yen's real effective exchange rate (Reer, representing roughly the purchasing power of the currency)…