The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions. Other countries are beginning to …

The most popular historical analogy for current American troubles is the Civil War era. The second most popular is the Gilded Age. But where the 1850s do not meaningfully resemble today, the 1890s ce…

A deep dive into the techniques China used to hide its foreign exchange reserves over the last twenty years 

U.S. lawmakers have increasingly used the debt ceiling to re-litigate congressional spending, risking default and sparking debate over whether to abolish the ceiling.

For other countries that scramble to find resources to repay their debts, it is inconceivable that the United States, which borrows in its own currency at low rates from investors around the world—vo…