Graduate

Why did the “stagflation” of the 1970s—the improbable combination of high unemployment and runaway inflation—prove so painful and protracted? What explains the US stock market’s remarkable 40-year run of 12% average annual returns since then? Why is Japan still mired …

In Chokepoints, Edward Fishman, a former top State Department sanctions official, takes us deep into the back rooms of power to reveal the untold history of the last two decades of US foreign policy, in which America renounced the gospel of …