The peg that shall not be named, and all the trouble that creates.

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 …

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

A quick note on the debate over the use of Russia’s frozen reserves.

Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its …

The National Guard is a special part of the U.S. military that answers to both state governors and the president. While it began as a “strategic reserve,” the guard has come to play an important role…