Early in the COVID-19 pandemic, in Foreign Affairs, I wrote that advanced economies were entering a new age: the age of magic money. Because inflation seemed dormant, central banks faced no penalty for conjuring money out of thin air. And because this money would drive interest rates lower, governments would …

Ominous signs indicate that Russia may conduct a military offensive in Ukraine as early as the coming winter. Moscow has quietly built up its forces along the Ukrainian border over the past several months, which could be a prelude to a military operation that aims to resolve the political deadlock …

Egypt used intelligence provided to it by the French military to target and kill its own civilians suspected of smuggling contraband. In leaked documents, the French military was implicated in at least 19 airstrikes carried out by the Egyptian military against its own civilians between 2016 and 2018, according to …