Despite the recent G7 agreement on corporate taxation, global leadership requires going beyond national interests to ensure that all countries
A Global Tax Deal for the Rich, Not the Poor
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Economics
The Investment Imperative for the G7
Rich-country governments should be prepared to invest an additional $1 trillion per year to boost growth and lay strong foundations for a
America vs China is Not a Zero Sum Game
If an alien intelligence were monitoring news on Earth, they would probably assume China was eating America’s lunch. They would be mistaken.
Inside Money: An Interview with Zachary Karabell
Zachary Karabell is a leading public intellectual. His most recent book, Inside Money: Brown Brothers Harriman and the American Way of Power
A Curse Worse than Cash
Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their
The Stimulus Didn’t Work, Again
Since the onset of the pandemic in March 2020, the US government has provided tens of millions of households with direct injections of cash.
An Interview with Jim O’Neill
A rare discussion with one of Europe’s leading economists and global thinkers.
The Ghost of Arthur Burns
Is the Federal Reserve making the same mistake again? Stephen Roach thinks the Fed may be overlooking inflation risk just as it did in the
How Not to Launch a Digital Currency
The story of Facebook’s failed effort to launch a global digital currency and payment system is reminiscent of the historic struggle
How to Vaccinate Every Country
The current approach to COVID-19 vaccination – using limited vaccine supplies to protect low-risk populations in a handful of countries
Making Small Cool: A Case For Progressive Green Taxes
If we are truly going to ‘build back better,’ a smart start would be to introduce progressive green taxes.
China’s Digital Currency and Monetary Warfare
China’s creation of its new digital currency may be the first shot in a new form of monetary warfare. The CCCP is taking steps to undermine
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
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
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.
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
Small Moves In Bond Markets Mean Big Things
The recent uptick in bond yields bears watching, for the implications could be far-reaching for markets, economies and politics.
Long-Term Visibility
Humanity faces critical decisions in the 2020s. The coronavirus was a warning shot about our misalignment with nature – a prelude, perhaps,
Race and Government Aid
The pandemic has been a human disaster on many levels, much of which was initially beyond our control. But when it comes to how government
Bartering Value
Much of the debate about the relationship between capitalism and democracy, economics and ethics, individual and community overlooks a very
Do Deficits Matter?
Government debt levels have soared, yet borrowing costs have never been lower. Do deficits matter anymore?
Humanity’s Greatest Technological Leap
Humanity is approaching mastery of nuclear fusion, our greatest technological leap since we discovered fire.