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The decree trap

Last week the presidency of Joseph R. Biden began in the U.S with a flurry of executive orders. America has never before witnessed such a robust exercise of presidential power: in a single day, 17 executive orders ranging from the environment to immigration. The previous record was one. Increasingly, as American politics descends deeper into...


2021 – The sign of the four

I HAVE TRIED to summarize four themes that might characterize 2021. The first is Trump’s legacy, or lack thereof. The second is Biden’s burden and what has to change in world trade and international politics. Third is the onset of COVID-19, both as a health issue and an economic problem as sovereign debt rises throughout....