After decades of falling, violent crime is again on the rise in the US. Politics follows crime, making crime a wild card in next year’s
Crime and Politics
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GDP’s Days Are Numbered
Economists have long know that Gross Domestic Product (GDP) is a poor representation of society’s well-being. Promising alternatives are
Inside America’s Polarized Views on Race
We are not color blind. We form views on race and inequality that defy statistics and analysis. Overcoming racial inequality will be an enduring
Misreading China’s WTO Record Hurts Global Trade
A successful global trading system requires good faith actors. In recent years, the US has undermined its standing by acting in bad faith.
Finding Purpose in the Humanities
STEM prepares us to tackle technical problems. The humanities prepare us to tackle life’s problems. It is time to restore the humanities
The Fed Must Get It Right
The Fed misjudged inflation in 2021. But only its reputation was damaged. In 2022, it must get inflation and much else right or else the global
Hacking the Tragedy of the Commons
Success in achieving net-zero emissions requires broad buy-in from the entire private sector, not just publicly listed companies. Fortunately,
Time to Overhaul the Global Financial System
For low- and lower-middle-income countries to pursue their development goals and do their part in tackling problems like climate change, they
Can the Fed Overcome Its Transitory Policy Mistake?
The later the US Federal Reserve is in reacting properly to inflationary developments, the greater the likelihood that it will have to hit
Turbulence at 30,000 Feet
Digital Finance Without Cryptocurrencies
Digital payments and financial transactions hold the promise of greater convenience, stronger competition, and increased savings to society.
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.
Omicron is Only Part of the Story
Omicron rattled markets. And it exposed them. Flagging profits, peak valuations and economic uncertainty are today’s realities, not tomorrow’s
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
Star Trek and Climate Change
We must address climate change with urgency, but also with political realism so we don’t otherwise lose the battle before we get effectively
Inflation, Divergence and Opportunity
Inflation is beginning to be felt in financial markets. For the astute investor, opportunity beckons.
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
Inflation Judgement Time
For financial markets, 2022 is shaping up to be all about inflation and how central banks respond to it. A policy error could prove irreparably
Bringing the ESG Revolution to Private Markets
Three great levers have historically moved the world: religion, government, and capital.