Demographics are friendly to Democrats. But without safeguards to voting rights, majorities may not matter.
America’s Democratic Future
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The ECB’s Savvy Gradualism
Unlike the US Federal Reserve, the European Central Bank has no fiscal backstop and must worry about the cohesion of the eurozone, in addition
The Ghost of Christmas Inflation
In a pandemic, you can send people all the money in the world and they still won’t go out to dinner or book a flight, especially if those
History’s Barriers to European Joint Security
Although France and Germany are more reliant on each other than ever, the two heavyweights at the heart of Europe still have vastly different
Does Japan Vindicate Modern Monetary Theory?
For decades, the Japanese government has amassed more and more debt without triggering higher borrowing costs or inflation. But there is no
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
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
Digital Finance Without Cryptocurrencies
Digital payments and financial transactions hold the promise of greater convenience, stronger competition, and increased savings to society.
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 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
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
The Path to Climate Credibility
As the world convenes to address climate change, it may take sticks as well as carrots to meet emissions targets. Tariffs on laggard nations
Clean Energy Has Won the Economic Race
Even as major oil companies report record profits, the tide is turning against them and fossil fuels. The future belongs to renewables.
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”