Middle-east Arab News Opinion | Asharq Al-awsat

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The Federal Reserve building in Washington in 2011. (Karen Bleier/Agence France-Presse via Getty Images)

The Dirty Little Secret of Central Banking

by Sebastian Mallaby | Aug 28, 2016 | Opinion

For more than a third of a century — arguably, since Paul Volcker’s appointment to the Federal Reserve chairmanship in 1979 — the central bank has focused on a single goal: to reduce and stabilize inflation. Legally, it has been required to target full employment,...

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A poster featuring a Brexit vote ballot with “out” tagged is on display at a bookshop window in Berlin on Friday. (John MacDougall/Agence France-Presse via Getty Images)

Opinion: Britain’s Awful Vote May Be a Tipping Point

by Sebastian Mallaby | Jun 27, 2016 | Opinion

The British vote to leave the European Union may come to be seen as a tipping point in global politics, perhaps more consequential than anything since the fall of the Berlin Wall. It may mark the moment when Europe comes face to face with its own constitutional...

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British Prime Minister David Cameron arrives at a European Union leaders summit addressing the talks about the Brexit and the migrants crisis in Brussels, Belgium, February 18, 2016. Reuters/Yves Herman.

EU Referendum Exposes Britain’s Political Decay

by Sebastian Mallaby | Jun 16, 2016 | Opinion

The Washington Post By Sebastian Mallaby The scariest thing about Britain’s referendum on European Union membership — and the thing that ought to resonate acutely with Americans — is what it exposes about the political culture: the refusal to take responsibility, the...