2022 was the year in which war made a comeback. But Cold War II could become World War III in 2023 — with China as the arsenal of autocracy.

Jay Powell may find, as Arthur Burns did, that tackling inflation is not a beautiful game.

In China, the crowd has played a revolutionary role on more than one occasion. Now, it is forcing the Chinese Communist Party to resolve its Covid-19 “trilemma,” with potentially momentous consequences.

The rise and fall of Sam Bankman-Fried is a tale of the way we live now — tweeting, not reading.

Framing immigration, energy policy and other issues as national security imperatives could break through Washington gridlock.

History shows that nothing causes fiscal and monetary instability quite like multiple big, long conflicts.

We exaggerate the importance of breaking news but we also project illusions about the future. History really gets made in between the short and long runs.

The US has been generous with military and financial aid, the Europeans less so. But both must step up the effort to keep Kyiv fighting.

American mortality is up while fertility and immigration are down. Unlike China’s baby bust, however, at least one of these is fixable.