The Corner

Welcome to Bananastan

There is no denying it: Inflation is here, in response to the currency devaluations engineered by the United States, Europe, and China. When one country devalues its currency in a last-ditch effort to stave off crisis, it’s a banana republic. When the United States, Europe, and China do it in a coordinated fashion, we’re all part of the Banana Federation of Greater Bananastan.

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World

Microscopic Dots. Let’s Look at Them.

Stuart E. Eizenstat has written a big book on the Carter presidency. (Eizenstat was Carter’s chief domestic-policy adviser. He also had a substantial hand in foreign affairs.) I have reviewed the book for the forthcoming NR. Eizenstat tells the story of a meeting between President Carter and Andrei Gromyko, the ... Read More
World

Why North Korea Isn’t Going to Give Up Its Nukes

Responding to reports that North Korea said it “no longer needs” nuclear tests, Jim Hanson, president of the generally pro-Trump Security Studies Group, credited President Trump. “No one was expecting anything to come of Trump’s fiery rhetoric, except people who understand that diplomacy works better ... Read More