Digital payments and financial transactions hold the promise of greater convenience, stronger competition, and increased savings to society.
Digital Finance Without Cryptocurrencies
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Economics
Capitalism Without Capital?
Capitalism without capital has been wonderful for investors, but it’s time is over and new models are needed.
The Case Against Green Central Banking
Addressing climate change is vital. But so too is sound central banking. Keeping those tasks separate is best.
Reeling in a Deal to Save the Ocean
The oceans are our commons. We must act before they become our tragedy. The upcoming WTO meeting offers an opportunity for a fresh start.
The Inflation Conundrum
From the US and Brazil to Turkey and India, growing price pressures are leaving policymakers facing some difficult decisions. Unlike in many
The Climate Demands Better Capitalism
Sustainable growth is not an oxymoron, but it is an aim that requires both markets and social awareness.
Coping with Complexity
Today we are confronted by rapid change and fundamental, even existential, challenges to overly complex systems — only more flexible thinking
The Rise of Intangible Capitalism
The digitized, dematerialized, knowledge-based economy is already here and spreading, and offers huge potential value. The challenge for firms
Planning the Route to Net Zero
In the run-up to COP26, companies trumpeted their commitment to addressing climate change, often citing pledges to achieve goals decades in
Bringing the ESG Revolution to Private Markets
Three great levers have historically moved the world: religion, government, and capital.
What Europe’s Energy Crunch Reveals
Addressing climate change requires resiliency and sacrifice. Both are in short supply, suggesting that required changes will be delayed, imposing
Back to Austerity?
The public purse is not unlimited. It is time for proponents of government programs to focus on what is essential to achieve before the next
Why Are Supply Chains Blocked?
When forecasts are not specific enough to be actionable, the supply response cannot adjust in a timely or efficient manner. And because there
Colin Powell and the Meaning of Charisma
Colin Powell was not perfect, but he was a great leader. And like all great leaders, he had genuine charisma.
The True Costs of Government Spending
While all politicians exaggerate, US President Joe Biden’s claim that his proposed $3.5 trillion spending package “costs zero dollars”
France, Britain and an Acrimonious Divorce
The spat between France and Britain over Northern Ireland is a tricky one. Its roots run deep in the EU experiment.
China Must Restore Growth
Evergrande has exposed China’s fundamental growth vulnerability—an excessive reliance on debt. Structural reform is required now more
India: Steadfastly Non-Aligned
Under Nehru India was famously non-aligned. Under Modi it remains so. But India is now prepared to use shifting alliances to pursue its strategic
A New Global Economic Consensus
Now that the COVID-19 pandemic has highlighted the deficiencies of economic deregulation and market liberalization, a new policymaking paradigm
The Bitcoin Fountainhead
Bitcoin is a libertarian gimmick. Much needed restoration of faith in public finance and fiat money remains the best way to achieve financial
The Hinge of History
Is there intelligent life elsewhere in the universe? Perhaps. But as a species, we must do our utmost to ensure our survival. Ridding poverty
Dancing with the Debt Ceiling
Even in 2013, a year of partisan rancor, Democrats and Republicans agreed to suspend the US federal government’s debt ceiling just a week
China’s Risky Business Crackdown
Chinese President Xi Jinping’s effort to control China’s private sector is agreeable in its stated intentions, but questionable in its
Germany’s New Beginning
German voters have voted for a fresh start to confront the challenges of the twenty-first century.