Russia’s roulette: The stakes in Ukraine

The world this week

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Leaders

Russia’s roulette

A war in Ukraine could have global consequences

Human suffering, economic shock and a geopolitical realignment

A turning point

Markets have fallen because the era of free money is coming to an end

Tighter money means financial volatility and economic uncertainty

Out of mind

Myanmar’s grinding conflict is at risk of being forgotten

Its neighbours should do much more to encourage the generals to change course

All-consuming

In defence of the consumer welfare standard

Competition policy should promote consumer welfare. But it should do so more competently

American drugs policy

Psychedelic therapy shows great promise. More states should legalise it

Oregon’s trailblazing sets a fine example

Letters

On Russia and Ukraine, Herbert von Karajan, Galicia, Mexican energy, blockchain, Boris Johnson

Letters to the editor

Briefing

A question the size of an army

What are Vladimir Putin’s military intentions in Ukraine?

Only he can say

Europe

International

Economic & financial indicators