The Fed’s Unconventional Monetary Policy

How did 21st-century Russia end up, yet again, in personal rule? An advanced industrial country of 142 million people, it has no enduring political parties that organize and respond to voter preferences. The military is sprawling yet tame; the immense secret police are effectively in one man’s pocket. The hydrocarbon sector is a personal bank, and indeed much of the economy is increasingly treated as an individual fiefdom. Mass media move more or less in lockstep with the commands of the presidential administration.

At what point does an extremist become a violent extremist? As the world - wakened by the recent terrorist attacks in Baghdad, Beirut, Paris, and now in California and London, too - struggles to defeat the Islamic State (also called ISIS), the answer is more important than ever.

To understand world politics, you need to understand how states think. Are states rational? Much of international relations theory assumes that they are. But many scholars believe that political leaders rarely act rationally. The issue is crucial for both the study and practice of international politics. John J. Mearsheimer and Sebastian Rosato argue that rational decisions in international politics rest on credible theories about how the world works and emerge from deliberative decision‑making processes.

Conventional wisdom in the West blames the Ukraine crisis on Russian aggression. But this account is wrong: Washington and its European allies actually share most of the responsibility, having spent decades pushing east into Russia’s natural sphere of interest.

Volume One of Stalin begins and ends in January 1928 as Stalin boards a train bound for Siberia, about to embark upon the greatest gamble of his political life. He is now the ruler of the largest country in the world, but a poor and backward one, far behind the great capitalist countries in industrial and military power, encircled on all sides. In Siberia, Stalin conceives of the largest program of social reengineering ever attempted.

In this major statement, the renowned international-relations scholar John Mearsheimer argues that liberal hegemony, the foreign policy pursued by the United States since the Cold War ended, is doomed to fail. It makes far more sense, he maintains, for Washington to adopt a more restrained foreign policy based on a sound understanding of how nationalism and realism constrain great powers abroad.

Some books emerge from a lifetime of hard-won knowledge. Robert D. Kaplan has learned, from a career spent reporting on wars, revolutions, and international politics in Europe, the Middle East, and East Asia, that the essence of geopolitics is tragedy. In The Tragic Mind, he employs the works of ancient Greek dramatists, Shakespeare, German philosophers, and the modern classics to explore the central subjects of international politics: order, disorder, rebellion, ambition, loyalty to family and state, violence, and the mistakes of power.

With The Wannabe Fascists, historian Federico Finchelstein offers a precise explanation of why Trumpism and similar movements across the world belong to a new political breed, the last outcome of the combined histories of fascism and populism: the wannabe fascists.

In his controversial study of America's giving habits, Arthur C. Brooks shatters stereotypes about charity in America - including the myth that the political Left is more compassionate than the Right. Brooks, a preeminent public policy expert, spent years researching giving trends in America, and even he was surprised by what he found. In Who Really Cares, he identifies the forces behind American charity.

Who are the happiest Americans? Surveys show that religious people think they are happier than secularists, and secularists think they are happier than religious people. Liberals believe they are happier than conservatives, and conservatives disagree. In fact, almost every group thinks it is happier than everyone else. In this provocative new book, Arthur C. Brooks explodes the myths about happiness in America.

In this bold examination of the Israeli-American relationship, Walter Russell Mead demolishes the myths that both pro-Zionists and anti-Zionists have fostered over the years. He makes clear that Zionism has always been a divisive subject in the American Jewish community, and that American Christians have often been the most fervent supporters of a Jewish state, citing examples from the time of J. P. Morgan and John D. Rockefeller to the present day.

Opening with a panorama of Russian society, from the cloistered world of the Tsar to the brutal life of the peasants, A People’s Tragedy follows workers, soldiers, intellectuals and villagers as their world is consumed by revolution and then degenerates into violence and dictatorship. Drawing on vast original research, Figes conveys above all the shocking experience of the revolution for those who lived it, while providing the clearest and most cogent account of how and why it unfolded.

From mourning to discernment, from invitation to intimacy, and from community to the charge to go forth and witness, this work seeks a fuller understanding of the Eucharist through the story of the disciples on their way to Emmaus and calls us to experience the entire journey, to know that what we celebrate and what we are called to live are one and the same.

In Communism in Decline: From Sputnik to Gorbachev, Professor Vejas Gabriel Liulevicius reveals the internal and external forces that ripped apart the grand communist experiment. What were the mistakes made by the Soviet leaders who believed too deeply in their own propaganda? And why were they not able to see the many ironies in their own poor decisions? In 12 fascinating lectures, you will learn how the Soviet Union went from winning the space race against the United States in 1957 to Gorbachev’s resignation and the dissolution of the great experiment in 1991.

Populist rage, ideological fracture, economic and technological shocks, geopolitical dangers, and an international system studded with catastrophic risk—the early decades of the 21st century may be one of the most revolutionary periods in modern history. But they are not the first. Humans have lived, and thrived, through more than one great realignment. What makes an age a revolutionary one? And how do they end?

Sydney Shaw, like every single woman in New York, has terrible luck with dating. She’s seen it all: men who lie in their dating profile, men who stick her with the dinner bill, and worst of all, men who can't shut up about their mothers. But finally, she hits the jackpot. Her new boyfriend is utterly perfect. He's charming, handsome, and works as a doctor at a local hospital. Sydney is swept off her feet. Then the brutal murder of a young woman—the latest in a string of deaths across the coast—confounds police. The primary suspect? A mystery man who dates his victims before he kills them.

The plane is jam-packed. Every seat is taken. So of course the flight is delayed! Flight attendant Allegra Patel likes her job—she’s generally happy with her life, even if she can’t figure out why she hooks up with a man she barely speaks to—but today is her twenty-eighth birthday. She can think of plenty of things she’d rather be doing than placating a bunch of grumpy passengers.

No matter your goals, Atomic Habits offers a proven framework for improving - every day. James Clear, one of the world's leading experts on habit formation, reveals practical strategies that will teach you exactly how to form good habits, break bad ones, and master the tiny behaviors that lead to remarkable results. If you're having trouble changing your habits, the problem isn't you. The problem is your system. Bad habits repeat themselves again and again not because you don't want to change, but because you have the wrong system for change.

When Sasha receives a call from her old university friend Gabby inviting her to spend Christmas at Gabby’s remote Scottish lake house, Sasha knows she shouldn’t go. Twelve years ago, on Christmas Eve, when Sasha and her five closest friends were celebrating the festive season, something truly horrific happened that would change the course of their friendship forever. Something that meant Sasha hasn’t spoken to any of them since that night.

1975 is a time of change in America. The Vietnam War is ending. Muhammad Ali is fighting Joe Frazier. And in the small town of Monta Clare, Missouri, girls are disappearing. When the daughter of a wealthy family is targeted, the most unlikely hero emerges—Patch, a local boy, who saves the girl, and, in doing so, leaves heartache in his wake. Patch and those who love him soon discover that the line between triumph and tragedy has never been finer. And that their search for answers will lead them to truths that could mean losing one another.