Entries by Joe Miller

Niall Ferguson: America’s Geopolitical Retreat

Never mind the Fed’s taper, it’s the U.S. geopolitical taper that is stirring world anxiety. From Ukraine to Syria to the Pacific, a hands-off foreign policy invites more trouble. It is not clear why talk of (thus far) modest reductions in the Fed’s large-scale asset-purchase program should have had such big repercussions outside the United States.