Hossein Taeb, a hard-line cleric, was the intelligence chief of Iran’s powerful Islamic Revolutionary Guards Corps (IRGC), the elite branch of the armed forces, for over a decade. But in a surprise move, the IRGC announced on June 23 that it had removed Taeb from his prominent post. The major …

The focus of the US media and economists for the past several months has been increasingly on inflation. In recent weeks, however, US policymakers awoke as well to the realization that inflation is chronic, firmly embedded, and growing threat to the immediate future of the US economy. A qualitative ‘threshold …

I recently had a fascinating chat with my colleague, Darjan Milutinovic. We discussed a country fighting for its freedom at a time when its independence was denied by a far more powerful neighbor. This adversary launched a full-scale invasion with a much larger army and occupied a quarter of the …