In an old parable about banks and regulators, the banks are greyhounds – they run very fast – while the regulators are bloodhounds, slow
The Challenge of Big Tech Finance
Continue Reading
How to Get to Mars
If you are curious how NASA gets those amazing rovers to the red planet, watch this extraordinary short film.
Ensuring a Stronger and Fairer Global Recovery
Although tough trade-offs are sometimes unavoidable, there is a way for policymakers to maintain a robust global economic recovery in 2021
Climate Safety Nets for All
The droughts, floods, and severe weather that come with climate change will leave the world’s poorest and most vulnerable even worse
Climate Safety Nets for All
The droughts, floods, and severe weather that come with climate change will leave the world’s poorest and most vulnerable even worse
An Inspiring Reminder of What Awaits
Our species was designed to be wanderers, but the pandemic has made us sedentary. As vaccinations accelerate and people slowly start to travel
All Eyes on Digital Payments
Digital payment is a promising technology that can facilitate more flexible transactions with added security. But existing platforms embed
China’s Go-It-Alone Five-Year Plan
Autarky and authoritarianism rarely accompany economic dynamism. China’s latest fie year plan, which emphasizes both, could be a road to
Siren Songs
The Ever Green fiasco is the perfect metaphor for what can go wrong in today’s economy. Efficienct supply chains lack adequate redundancy.
The Shape of Global Recovery
The accelerating rollout of COVID-19 vaccines in many advanced economies has set the stage for rapid recovery in the second half of this year
Resolving the Iran Conundrum
US Secretary of State Antony Blinken believes that Iran is only months away from being able to produce enough fissile material to build a
In Bitcoin We Trust?
Sound money requires utility and trust. That’s why digital currencies are more likely to succeed than Bitcoin.
Why Should Biden Ditch Trump’s China Tariffs?
When it comes to tariffs, self-interest and mutual interest are aligned. By reversing Trump tariff’s, everyone will be better off.
A Plan for Addressing the Hate Pandemic in Schools
The Covid-19 may soon be under control. However, there is a second pandemic that has been insidiously spreading throughout our schools and
Who Needs a Digital Dollar?
Recently, the idea of a digital greenback elicited support from US Treasury Secretary Janet Yellen and Federal Reserve Chair Jay Powell. Ultimately,
The US Military and the Capitol Mob
The disproportionate share of insurrectionists at the US Capitol with a military background are not representative of the armed forces as
Build Back Equal
Creating an economy that works for everyone is not just a matter of empowering those who have been “left behind” by globalization. Instead,
Evolution, Not Revolution, in Economics
A growing acceptance of aggressive fiscal policy is supposed to be the first principle of a new, post-revolutionary regime in macroeconomics.
The ESG Trap
This rapid embrace of sustainability and social purpose is understandable, and mostly welcome. However, there are dangers in the uncritical
What Could Cause a US-China War?
Thucydides attributed the war that ripped apart the ancient Greek world to two causes: the rise of Athenian power, and the fear that this