The supply disruptions plaguing the US economy are not the result of "excessive demand," "central planning," or a lack of efficiency. Rather, it is that a logistics ecosystem that was developed to feed the beast of American...
detailsSome say that issuance of central bank digital currencies will transform the international monetary status quo by eroding the US dollar’s dominance of cross-border payments and greatly reducing transaction costs. But this is not going to happen.
detailsThere is no sound argument for applying lender-of-last-resort protection to privately issued cryptocurrencies. But regulators can prevent the all-too-predictable liquidity squeeze caused by a run on stablecoins...
detailsWith German Chancellor Angela Merkel on her way out, and America still vulnerable to Trumpism, Germans can neither rely on their traditional protector nor pursue outright strategic autonomy...
detailsMarket movements this month have led to renewed fears that changes in US financial and monetary conditions will trigger a painful wave of capital flight from emerging markets...
detailsMany of the trends that were visible two years ago – from aging populations and failing states to nuclear proliferation and cyber insecurity – remain acute.
detailsUnderstanding the advantages and limitations of economists methods clarifies the value they can add to analysis of non-economic questions. Equally important...
detailsWith equity markets reaching new heights at a time of rising income and wealth inequality, it should be obvious that todays market mania will end in tears, reproducing the economic injustices of the 2008 crash...
detailsEconomic forecasting models have long been notoriously inaccurate in predicting inflation, and COVID-19 has further complicated the challenge...
detailsThe Japan-US alliance remains popular in both countries, which need each other more than ever. Together, they can balance Chinas power and cooperate with China...
detailsIn the last week of January, the price of stock in GameStop – an ailing brick-and-mortar video-game retailer – soared ...
detailsEfforts to remove Donald Trump’s online platform have been widely praised as crucial to mitigating the risk of further incitement of violence...
detailsSocial distancing laws, curfews, and track-and-trace technologies employed in the context of the COVID-19 crisis have been used to harass, detain, or sanction human-rights ...
detailsDonald Trump managed to receive 74 million votes despite countless failures for the simple reason that he presided over three years of a high-pressure economy ...
detailsAfter a year of death, despair, and deep uncertainty, there are glimmers of light on the horizon. Not only is responsible leadership returning to the United States, but there is...
detailsThe pandemic has shown that supply chains will need to be rethought, with more emphasis put on supplier diversification, domestic production, and stockpiling.
detailsAfter initially responding to the pandemic induced economic crisis with an initiative to postpone developing countries debt payments, the G20 has now come back to the table to offer a more plausible solution. But the new common framework for....
detailsEven if a successful rollout of a new COVID-19 vaccine causes the current health crisis to recede by next spring, the unemployment crisis will remain. That is especially true in the United Kingdom...
detailsUS President Donald Trump, perhaps unsurprisingly, has alleged fraud in the November 3 presidential election, without offering what anyone would consider real evidence...
detailsCOVID-19 is forcing firms to reimagine resilience. Instead of trying to strengthen their ability to resist change, companies must learn how to adapt and adjust ...
detailsFor all the attention on antitrust enforcement against the biggest US technology companies, the more important issue for the economy concerns the direction of technological change.
detailsWith America heading for one of the most fraught and potentially disastrous presidential elections in its history, it is difficult to see how such a deeply polarized ...
detailsThere are also deepening social and economic crises. The pandemic has battered national economies, exacerbated many forms of inequality, and sown distrust and social unrest around the world...
detailsFor too long, and on too many issues, policymakers have left the governance of technology in the hands of those who design it. Governments face three imperatives...
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