The 21st century is becoming an era of great power rivalry. Shifting alliances will test US diplomacy and might.
The New Gang of Four
Continue Reading
Featured
Financing Nature
As last year’s United Nations Climate Change Conference in Dubai made clear, we are headed toward a catastrophic and irreversible breakdown
America Has No Alternative to Industrial Policy
Gone are the days when US politics was a divide between believers in free markets and those advocating for government intervention. To paraphrase
Beware of Big Tech Steering AI Regulation
Technological innovation should no longer serve only the interests of a few multinational corporations.
Why Most Firms Fail to Capitalize on New Technologies
If asked what improvements in transportation would be most useful in 1900, most respondents might have answered: ‘A faster horse.’
Weighing Up AI’s Climate Costs
If we play our cards right, AI may well prove to be our ace in the hole in the fight against climate change.
The Rule of Law Is Coming for Putin
The Council of Europe, often criticized for being overly cautious, is flexing its muscles.
The Supreme Court Just Sabotaged the US Economy
Contrary to conventional wisdom, the Supreme Court’s reversal of the four-decade-old “Chevron deference” doctrine is potentially one
Biden Rejects the Drug of Power
By stepping aside to let a younger candidate take over, Biden has prioritized America’s interests over his own desire to lead.
The Trump Shooting Reveals the Hallmarks of American Political Violence
Europe is no stranger to political violence like the recent attempt on Donald Trump’s life at a campaign rally in Pennsylvania.
Europe’s Coming Paralysis
The collapse of centrist parties in France and a weakened German government leave Europe unable to meet the economic and security challenges
The New EU Leadership Must Unite on China
The European Union’s foreign policy will soon be under new management.
The Dangers of a US Capital Inflow Tax
This election season in the United States has brought forth many bad policy proposals.
Are the Kids All Right?
The threat for democracy comes from an unexpected source: the young.
Central Banks’ New-Old Inflationary Bias
While rules-based monetary policy thrived when globalization put downward pressure on inflation, the COVID-19 pandemic has revived central
Crunch Time for the Power Sector
The grid is long overdue an upgrade. Doing so requires a public-private enterprise.
Why Voters Are Unhappy About the Biden Economy
Polls indicate voters are unhappy with the US economy. Things may not be as good as the data suggest, though voter misperceptions are also
Where Have You Gone, Immanuel Kant?
On the occasion of his 300th birthday, the West could do well to recall the moral philosophy of Immanuel Kant, above all his emphasis on the
The Hidden Costs of “Slowbalization”
De-globalization will exact a lasting cost on global welfare.
Why Have Inflation Forecasts Been So Wrong?
To explain why forecasters at the US Federal Reserve and other major institutions missed the mark on inflation in recent years, it is tempting
The US and China Are Not Destined for War
Given the rising tension between the United States and China, the Jackson Hole Economics editors felt it was worth re-visiting this piece,
The Big Push African Women Need to Escape Poverty
Investing in women makes a difference. Africa provides the example.
The Submergence of Emerging Markets
Despite what many think, the world as a whole has become vastly more equal, thanks to decades of rapid growth in China, India, and other emerging
The Fiscal State of the Union
If political leaders in the US don’t tackle both structural fiscal adjustment and tax reform, 2025 will be a year of reckoning.