“May you live in interesting times”, as the old Chinese curse goes. Europe and the rest of the world are definitely going through one of the most interesting periods of political upheaval since the fall of the Berlin wall. We now live in an era where the unthinkable happens, repeatedly. Take Britain’s decision to withdraw
by Prince Michael of Liechtenstein Donald Trump stunned the world when he won the United States presidential election. Members of the political, intellectual and media establishments in Western countries rubbed their eyes. Few were prepared for such an outcome – and many remain unable to swallow it. Hillary Clinton’s victory had appeared a “done deal” to
by Uwe Nerlich At noon on January 20, 2017, Donald Trump was sworn in as the 45th president of the United States. Few of his predecessors have so profoundly shaken long-cherished beliefs about domestic and global politics even before taking office. It remains to be seen whether forecasts of disaster will come true, or whether
by Enrico Colombatto In the summer of 2016, commentators began predicting that monetary policy in the United States would no longer aim to avoid deflation and boost growth, but instead would try to keep market interest rates close to what economists call the “natural rate of interest.” This objective was widely reported in the media
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