We must not allow the ongoing war in Ukraine and the fighting in Gaza to distract us from collective efforts to reduce our greenhouse-gas
The Pillars of Green Wisdom
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AI’s Copyright Problem Is Fixable
Contrary to what leading tech companies claim, it is entirely possible to ensure that generative AI models respect copyright and compensate
Fulfilling the Promise of Medicare
Medicare is a program so good that it is worth improving. But powerful vested interests stand in the way of a system that could provide better
The Two-State, Two-Economy Solution
Finding a two-state, economically viable solution amid the ‘archipelago’ that is Palestinian territory will be a major challenge.
Rebuilding Trust in Expertise
Supporters of populist parties often resent experts who believe their specialized knowledge entitles them to make major policy decisions.
A Teaching Moment
Complexity is common. The better we understand its sources, the better we can address its challenges.
Crime and Politics in 2024
A year from now Americans will be heading to the polls to select their next President, and crime will be one of the key issues.
Data Dependent?
The Fed is a self-described ‘data dependent’ decision-maker. But that’s not all. Its aversion to inflation risk and its abiding reliance
The New Industrial Politics
Recent scholarship has done much to reopen the case in favor of selective government intervention to promote specific industries in particular
A Chinese Bubble Long in the Making
Owing to the one-child policy and the legacies of other less-appreciated Chinese development measures over the years, the stage has long been
Financing Our Survival
Between now and the end of this decade, climate-related investments need to increase by orders of magnitude to keep the world on track toward
Nature-Positive Innovation
As climate change worsens, we must move beyond technological fixes that accelerate production and promote consumption. Indigenous practices
A New Financing Pact for Climate-Vulnerable Countries
The world’s most vulnerable countries bear the brunt of a climate crisis they did not create, underscoring the urgent need for a “fit
Is America Reverting to Isolationism?
Following the first Republican debate of the US presidential primary season, there is good reason to worry about what a Republican victory
Is Japan-style Deflation Coming to China?
China’s economy suffers from excesses in real estate, slowing GDP growth and deflation. Those trends will be difficult to reverse. China’s
A Warning from Carl Sagan
Almost 40 years ago, Carl Sagan testified before the US Senate on climate change. He noted, “If you don’t worry about it now, it is too
Unlike China, India Cannot Be an Economic Superpower
Beginning in the mid-1980s, the prevailing belief among Indian and international observers was that the authoritarian Chinese regime would
Why Is America Undercutting Japan?
At a time when the United States is asking its allies to help it counter China, its wasteful, inefficient industrial policies are making it
Currency, Conflict, and Global Order
A more divided world does not imply the demise of the dollar’s central role in the global economic and financial system.
The Long Reach of China’s Demographic Destiny
Although China is on the verge of escaping the dreaded “middle-income trap,” it is aging fast and facing significant economic
How Painful Will Disinflation Be?
Bringing down inflation often requires recession. But might this time be different? Much depends on restoring the balance between job vacancies
Flexible Exchange Rates and Emerging Markets
Starting in the 1990s – and faster since 2000 – emerging-market economies floated their currencies, hoping to insulate themselves from
What the Paris Finance Summit Must Do
Western countries must join the effort to transform multilateral financial institutions, even if it means ceding some of their own influence
How to Think About Climate-Tech Solutions
To think that technology will save us from climate change is to invite riskier behavior, or moral hazard. Whether a climate solution creates