Comment

The fear is that policies will fail to pivot away from reliance on central banks, and end up looking back to the new normal, with all of its limitations, as a period of relative calm and wellbeing. A column by Mohamed A. El-Erian.

Defenders of open societies must rally support for their ideas, uphold the values of the West, and prevent the preachers of populism from expanding the Angry Quarter. A column by Carl Bildt.

Policymakers in industrialized countries need to stop thinking about falling oil prices as representing risks to the economy and start considering their geopolitical implications. A column by Harold James.

To make real progress toward reviving their economies, the Eurozone's individual countries need to to focus on structural reforms and fiscal stimulus instead of relying on the ECB. A column by Martin Feldstein.

Modern macroeconomics is based upon the false belief that the economy is essentially understandable and predictable. This leads to misguided policies. A column by William White.

The United Kingdom is vulnerable to breakdown anyway, due to a lack of a common identity. Leaving the European Union would render the UK even more fragile. A column by Harold James.

Welfare «magnetism» not only leads to an inefficient geographical distribution of people; it also erodes and damages the magnet. A column by Hans-Werner Sinn.

A president is merely a product to be marketed. Its quality is not necessarily what drives its success – if it were, Donald Trump would not be regarded as a serious candidate for the Republicans. A column by Nina Khrushcheva.

Setbacks and crises are not the same thing. China’s massive reservoir of foreign-exchange reserves provides it with an important buffer against a classic currency and liquidity crisis. A column by Stephen S. Roach.

Both the eurozone and the Schengen Area have survived the tough tests they have faced for one reason: They bring practical, tangible benefits to their members. A column by Daniel Gros.

After the terrorist attacks in Paris, Putin sees an opening to the West, and he wants to take advantage of it. The West should not shut him out. A column by Nina L. Khrushcheva.

A generation that has inherited an open society from its parents will not understand what is required to maintain it until it has been tested and learns to keep fear from corrupting reason. A column by George Soros.