There Is a $7 Trillion Hole In Europe's 'Sell America' Call

Published on February 2, 2026

There are calls in Europe to “sell America” and invest that money at home in response to political tensions over Greenland.

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A Nobel for the Deep Roots of Growth and Prosperity

February 2, 2026
Joel Mokyr has made a valiant and mostly convincing effort — deeply researched and extensively documented — at explaining the Great Enrichment. His Nobel Prize is not only richly deserved but long overdue.

Japan’s Bond Market Has a Warning for America

February 2, 2026
Reality, however, has a way of catching up with theory eventually, and now it has for Japan, whose long-term bond yields are rising as the yen is depreciating. The Japanese experience, it turns out, is not an excuse to run up lots of debt. It is a cautionary tale.