Lebanese Parliament Fails to Elect New Head of State

The Lebanese parliament failed to elect a new head of state on Thursday to replace President Michel Aoun when his term ends on Oct. 31, signalling the likelihood of the post being left vacant as the…

The End of Magic Money

Two years ago, I predicted in Foreign Affairs that the COVID-19 recession, coming on top of the financial crisis of 2008, would lead rich democracies to redefine the outer limits of their monetary…

Sebastian Mallaby