Chinese President Xi Jinping’s effort to control China’s private sector is agreeable in its stated intentions, but questionable in its
China’s Risky Business Crackdown
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Politics
Supporting Afghan Refugees Over the Long Term
The bi-partisan support in the United States for welcoming Afghan refugees is heartening. But how long will it last?
Germany’s New Beginning
German voters have voted for a fresh start to confront the challenges of the twenty-first century.
Preventing an Evergrande Confidence Crisis in China
A looming default by the Chinese property developer Evergrande has sent shock waves through global capital markets. The Chinese government
Emerging Debt: Time to Restructure
Covid-19 did not derail the global economy, but the hard part could well be just the beginning.
The Right War for the US and China
Either everyone wins the fight against climate change, or no one does. So, while the world’s great powers – especially the United States
Taming the Stagflationary Winds
Rising inflation and declining growth are more likely to be a part of the global economy’s upcoming journey than features of its destination.
Soft Solutions to Hard Problems
Overcoming Islamic extremism will continue to test the West. But it can be done. The remedy requires equal parts hard and soft power.
Post-Pandemic Productivity
More than anything, the world needs faster productivity growth. It might just be happening.
Tailor-Made Economic Remedies
Rich countries can experiment with unorthodox policies. The latitude for developing countries is much smaller. Copycat economic policies could
The Economic Consequences of the Peace
Euphoria can blind us to what follows. Keynes presciently made that point a century ago. His insight is worthy of consideration today as bullish
The Stagflation Threat Is Real
There is a growing consensus that the US economy’s inflationary pressures and growth challenges are attributable largely to temporary supply
Mind the Mind Gap
Technological innovation alone does not boost productivity. Only when technology is widely adopted does it lift living standards. That’s
The US and China Are Not Destined for War
As more commentators warn of a coming military conflict between the United States and China, it is easy to believe that war is inevitable.
Biden’s Cruel Summer
Might Afghanistan derail President Biden’s domestic policy agenda? Foreign policy setbacks sometimes do—and sometimes don’t. Much depends
COVID and the Conservative Economic Crack-up
Free-market advocates have been unable to stem the erosion of intellectual and public confidence in their arguments. Two prominent economists,
Guns and Taxes
In America, guns and taxes are unavoidable. If we are to address the true cost of guns, it is time to tax them.
Why Teach History?
If we only share what is noble and good from the past, we can be sure that our understandings will be simplistic, inaccurate and leave us
When Politics and Economics Clash
China’s leadership is asserting itself. When politics and economics clash, politics often wins—to the detriment of economics and investing.
Blame Game
Central banks are not infallible. But they are not chiefly responsible for rising inequality.
A Central Bank Cryptocurrency to Democratize Money
Since 2008 – and more so during the pandemic – central bank money has been showered, via private bankers, on the ultra-rich, while everyone
The Biodiversity Challenge
Population growth and economic expansion are on a trajectory to overwhelm nature, leading to biodiversity collapse.
The Dangers of Decoupling
With Sino-American relations increasingly coming to resemble the geopolitical dynamics of the original Cold War, the world is heading toward
The Antitrust War’s Opening Salvo
With a major new executive order calling for stronger enforcement of antitrust laws, Joe Biden has become the first president since Harry