‘Central Bank Digital Currencies (CBDC) offer monetary policy powerful countercyclical tools. Central banks would be foolish not to adopt
The Overwhelming Case for CBDCs
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Neoliberalism’s Final Stronghold
As the world moves on from four decades of neoliberalism, the Economist remains faithful to the orthodoxy of Margaret Thatcher, Ronald Reagan,
Why Interest Rates Will Come Down
Although the ‘recency bias’ tempts our minds to assume today’s high interest rates are here to stay, the fundamentals of economics suggest
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Why Ukraine Matters
Although Florida Governor Ron DeSantis has walked back recent remarks claiming that America has no important stake in the outcome of Russia’s
The Sino-Indian Rivalry Is Reshaping Asia
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China’s Abandoned Illusion of High Growth
China is moving away from growth for growth’s sake. Instead, the focus is on balanced growth and macroeconomic stability.
A BRICS Threat to the Dollar?
Chatter that the dollar is about to be displaced as the world’s primary reserve currency are misplaced. The issue is not so much the strength
A Bank Murder Mystery
The primary lesson learned from recent banking stress is that banks are fundamentally risky ventures. Regulation must be improved and strengthened.
In Search of a New Political Economy
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A Reality Check for the Renminbi
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In Defense of Nature-Based Carbon Markets
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Trump’s Indictment is Just the Beginning
The New York indictment will unleash forces in American politics whose direction and implications are difficult to comprehend.
Putin and Trump in the Dock?
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Crises of Uncertainty
National governments’ responses to the latest banking crisis confirm once again that some countries play by different rules than others.
A Tale of Two Banks
Is the Fed is losing control over the money supply and inflation in its efforts to combat the banking crisis?
Belonging, COVID, and Students
It has been three years since COVID shut down schools, and we are still learning about the profound impact it has had on our youngest generations.
How China Benefits from Another US Banking Crisis
Today, we are witnessing a potentially lethal interplay between two sources of tension: a financial crisis, reflected in the failure of Silicon
America’s Interest in Ending the Ukraine Crisis
After more than a year of fighting, it is clear that neither side in the Russia-Ukraine war can win on the battlefield. A negotiated ceasefire
What Next?
The ongoing banking crisis is an opportunity to rethink whether we even still want or need to have banks.
Revisiting America’s War of Choice in Iraq
Wars are fought not only on the battlefield but also in domestic political debates and in histories written after the fact. In the case of
Who Is to Blame for the New Banking Crisis?
In 2018, US lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability
Is Banking too Important to Be Left to Bankers?
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Will Geopolitics or Technology Reshape the Global Monetary Order?
China was supposed to be the main beneficiary of a shift away from the dollar by countries fearing its “weaponization” by US authorities.