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...
messages.detailsThe world is facing a critical supply-chain failure. Everything from energy shortages in China and the UK to household appliances and taco sauce in the United States...
messages.detailsIn the Middle East and north Africa, global warming is not a distant threat, but an already painful reality. Rising temperatures are exacerbating water shortages...
messages.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.
messages.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...
messages.detailsAlthough more supplies will be coming to market, the economic impact of this decision will depend on issues of timing, royal rapprochement, and new COVID surges.
messages.detailsThe public disagreement between the United Arab Emirates (UAE) and Saudi Arabia this week in the OPEC+ group has shaken international markets given the high stakes involved for a deal supporting...
messages.detailsMany economists worry that economies in the rich world could face a similar fate. The past 18 months of lockdowns have left surprisingly few economic scars. A brisk recovery is under way. But has the damage from covid-19 been avoided, or merely deferred?
messages.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...
messages.detailsMany of the trends that were visible two years ago – from aging populations and failing states to nuclear proliferation and cyber insecurity – remain acute.
messages.detailsFor U.S. presidents, economic sanctions are the foreign policy equivalent of a Swiss Army knife — a dangerous, multifunctional tool that looks capable of solving many more problems than it actually can...
messages.detailsUnderstanding the advantages and limitations of economists methods clarifies the value they can add to analysis of non-economic questions. Equally important...
messages.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...
messages.detailsEconomic forecasting models have long been notoriously inaccurate in predicting inflation, and COVID-19 has further complicated the challenge...
messages.detailsIn the last week of January, the price of stock in GameStop – an ailing brick-and-mortar video-game retailer – soared ...
messages.detailsThe pandemic has shown that supply chains will need to be rethought, with more emphasis put on supplier diversification, domestic production, and stockpiling.
messages.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....
messages.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...
messages.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 ...
messages.detailsEmerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains
messages.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...
messages.detailsScottish advocates of leaving the United Kingdom need a plan for a new currency and an independent central bank...
messages.detailsSkewed public-private relationships, like pharmaceutical companies getting millions from taxpayers then overcharging for drugs, are just one part of the problem.
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