But if the delightful things about Italy really are to remain unchanged, something more than monetary musical chairs is now needed. To change currency once in the space of six years is unfortunate. To do so twice would look like negligenza.

The question that remains open is whether Putin is just a more successful version of one of these authoritarian warm-up acts, or a fully fledged Russian führer. Either way, he is fast becoming as big a threat to Western security as he is to Russian democracy.

Niall Ferguson says that Tony Blair and George W. Bush are perfect partners – Christian soldiers armed with Bibles and bazookas – but Britain now has more in common with Europe than with the United States

Niall Ferguson argues against the idea that the European Union is an emerging "counterweight" to American power.

In "Coming Apart," Charles Murray explores the formation of American classes that are different in kind from anything we have ever known, focusing on whites as a way of driving home the fact that the trends he describes do not break along lines of race or ethnicity.

Regime actually describes an entire system of government. And if the American regime is imperial only when Republicans are in power, then it's not a serious claim, it's just a convenient and partisan slander.

Niall Ferguson argues against the idea that the European Union is an emerging "counterweight" to American power. He suggests that the European Union is actually a moribund institution--economically stagnant, culturally decadent, politically stalemated, and geopolitically impotent. More than is generally acknowledged in the United States, the historic process of European...

Niall Ferguson squared off against Robert Kagan in a July 17 debate addressing the nature of American power.