While it looks for now as if Monday’s Wall Street sell-off was a momentary blip within the market’s steady recent ascent, questions remain as to the long-term growth of the global economy as the Delta variant of COVID-19 spreads and fears about inflation mount. With the pandemic seemingly resurgent or, in many countries, still ever-present,...
“Magnanimity in politics is not seldom the truest wisdom,” Edmund Burke observed. At the turn of the twentieth century, both France and Germany were wooing Great Britain as an ally against the other. Why was it France, Britain’s nemesis for centuries, which succeeded in gaining British friendship? The answer is complex, but a large part...