Now that the COVID-19 pandemic has highlighted the deficiencies of economic deregulation and market liberalization, a new policymaking paradigm
A New Global Economic Consensus
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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.
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
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.
Norway’s Sovereign Duty
Having built its wealth by pumping hydrocarbons out of the seabed, Norway has an obligation to leverage the power of its massive sovereign
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.
Will the BRICS Ever Grow Up?
Finding viable solutions for managing the fossil-fuel industry’s decline is now more critical than ever. A Fossil Fuel Non-Proliferation
The Case for a Fossil Fuel Non-Proliferation Treaty
Finding viable solutions for managing the fossil-fuel industry’s decline is now more critical than ever. A Fossil Fuel Non-Proliferation
Tailor-Made Economic Remedies
Rich countries can experiment with unorthodox policies. The latitude for developing countries is much smaller. Copycat economic policies could
Breaking Bad Bond Buying
It is understandable why a central bank would print money to purchase assets at the height of a financial crisis. But continuing such policies
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
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,
Why Nation-Building Failed in Afghanistan
The US never built back Afghanistan better. The exit was doomed from the beginning.
Time for the Fed to Act
The Fed cannot indefinitely deny links between money and inflation. The time to change course has arrived.
Continuity or Change?
As Angela Merkel leaves office, Europe faces change. Or perhaps not. Either way, difficult decisions await.
Blame Game
Central banks are not infallible. But they are not chiefly responsible for rising inequality.
Are Economists in Love with Tough Love?
Vigorous economic competition certainly has a place in today’s world. But economists may currently be overly reliant on this default approach,