Essays & News

  A memorandum of understanding was signed between the United States and the regime in Iran on June 18. The 14-point ceasefire foresees the reopening of the Strait of Hormuz, the ending of the blockade of maritime transport to and from Iranian ports, the halting of the nuclear program and the release of some sanctioned […]

  Argentina has had more IMF programs than almost any country in history. The count depends on how one tallies arrangements, waivers, and extensions, but the number exceeds twenty. The pattern is consistent: a crisis, a program, initial stabilization, eventual collapse, and a return to the Fund. The standard explanations cycle through familiar territory — […]

  Several important events occurred in the economy this June. Topping the list was the record initial public offering of SpaceX, which will be followed by two IPOs in the artificial intelligence sector: Anthropic and OpenAI. On the less positive side, inflation remains elevated and public debt continues to soar across the developed world, including […]

  Education is a key driver of human capital. Countries that develop the skills and talents of their populations enjoy lasting advantages in productivity, entrepreneurship and scientific discovery. For this reason, education policy has always been closely linked to long-term national competitiveness. Today, however, the global education landscape faces a significant challenge. Artificial intelligence is […]

  For decades, the petrodollar has been the cornerstone of American global hegemony. By ensuring that the world’s most essential commodity, crude oil, was priced and traded exclusively in United States dollars, the U.S. secured a perpetual global demand for its currency. This arrangement allowed Washington to run significant deficits and wield sanctions as a […]