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Editors’ Pick

December 9, 2021

The Rise of the Shekel

An economy that isn’t dependent on the government.

In the mid-1980s, the Israeli government, facing runaway inflation and a general economic crisis, implemented a series of fiscal reforms, which included the introduction of the New Israel Shekel. Not only has it proved far stabler than its predecessor, its recent increase in purchasing power has helped make Tel Aviv the world’s most expensive city. Matti Friedman writes:

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December 9, 2021

  1. The Rise of the Shekel

    An economy that isn’t dependent on the government.

  2. Israel Must Take Action to Stop Arab Violence

    Bleeding itself dry.

  3. Josephus: A Groundbreaking Historian and a Proud Jew

    In defense of the ancient writer remembered by many as a turncoat.

  4. New York’s Tenement Museum Succumbs to Political Correctness

    “No more Jews. I want to tell my story!”