Declining trust in America’s institutions is not merely a contemporary phenomenon. It has real economic costs.
The US Economy’s Trust Deficit
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Economics
What If Trump Subdues the Fed?
More and more commentators are thinking the unthinkable: Donald Trump might end the Fed’s independence. The result would be calamitous.
Could He Do It?
The financial markets are near all-time highs, yet the ingredients for an epochal financial crisis appear to be building.
Trump’s Tariffs Will Backfire
While Trump appears eager to impose tariffs on everyone, China has always been his favorite target.
The Sources of Japanese Resilience
One day, when it comes to ‘democratic exceptionalism’, we may think ‘Japan’ not ‘the US’. Why? The answer is resilience.
Why Bidenomics Did Not Deliver at the Polls
Bidenomics didn’t work in the 2023 election because it focused on 20th century workers, not those struggling today.
Amazon Is Busting Democracy, Not Just Unions
Plutocracy is not just bad for democracy. It harms workers, too. We deserve better.
Trump’s Impossible Economics
Trump’s economic policies are incoherent and inconsistent. They are likely to lower living standards and lift inflation.
Trump Tariffs: The Good, the Bad, and the Ugly
President-elect Trump has promised to usher in wide-ranging ‘beautiful’ tariffs in 2025, but there is no lipstick that can make the pig
Trump’s Best Hope for Peace Is to Support Ukraine
US President-elect Donald Trump has claimed that he could end the Russia-Ukraine war in a single day.
Trump’s Inflationary Triple Threat
With unified Republican control of the White House and Congress, US President-elect Donald Trump is poised to pursue radical economic policies.
The BRICS Currency Charade
Last month’s BRICS summit in Kazan, Russia, was, like all summits, heavy on photo ops.
Once Again, It Was the Economy, Stupid
The economy played a critical role in the 2024 presidential race.
The Perils of a Trump-Musk Economy
Trump is offering crony rentier capitalism, a kind of capitalism which, even if it does well for Musk and other billionaires, won’t be good
Markets Vastly Underestimate Trump Risk
A Trump presidency poses significant investment risk which is nowhere to be seen in prevailing asset prices or in consensus market commentary.
Who Needs a New Economic Paradigm?
Demand for new economic paradigms is fast outrunning supply.
Is Capitalism Really the Cause of Global Inequality?
In recent years, Western observers have increasingly treated inequality as a domestic issue.
The Global Implications of China’s Stimulus Package
China’s newly announced stimulus aims to boost liquidity, stimulate consumer spending, and revitalize the real-estate sector.
America’s Protectionist Policies Are Backfiring
The US and its allies would be wise to abandon unilateralism and pursue coordinated multilateral measures.
The Debt That Shall Not Be Named
Neither presidential candidate wants to address the national debt. But as president, they must.
Will the EU Heed Draghi’s Call for Integration?
Europe needs greater economic and political integration if it is to rise to the challenges of this century. But can it respond?
Are Consumers Being Ripped Off?
Many Americans are frustrated with an economy that by most measures is actually doing pretty well — the explanation may lie in rising
Abortion and Reproductive Rights Are Economic Issues
In the United States and elsewhere, reproductive freedom is a cornerstone of economic prosperity.
A New Trilemma Haunts the World Economy
Can the world simultaneously address climate change, alleviate poverty, and boost the middle class? Maybe not, but it is worth trying.