Russian central bank chief Elvira Nabiullina has cultivated the image of a nerdy, opera-loving technocrat, trapped in place by Putin's decision to go to war in Ukraine. It's not that simple.
In 2000, Vladimir Putin began targeting oligarchs who did not bend to his authority. The loyalists who remained — and new ones who subsequently got rich — became like ATM machines for the president.
In the 1990s, reformers adopted a radical economic program in Russia. It devastated ordinary Russians and created a new class of oligarchs. And it explains the rise of Putin and the leader he is today
To control inflation during WWII, the U.S. government resorted to wide-ranging price controls. Their unintended consequences might explain why today's policymakers are reluctant to try it again.
Carbon removal went mainstream in 2021. But the technology is still light years away from making a real difference combating climate change. A group of economists wants to help change that.