Project Syndicate » Economics
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Project Syndicate » Economics
1d ago
Former US President Donald Trump, whose preference for lower interest rates and a weaker dollar was evident during his first term, is reportedly planning to override the Federal Reserve’s independence if he returns to the White House in 2025. The result would be a toxic inflationary cocktail ..read more
Project Syndicate » Economics
2d ago
In China, top-down control coexists with – and even allows for – local-level autonomy and bottom-up innovation. It is this “double-helix” phenomenon that confuses some observers, leading to radically contrasting analyses of the economy’s prospects ..read more
Project Syndicate » Economics
2d ago
The future of President Javier Milei’s new administration rests on its ability to deliver lower inflation and higher growth. The optimistic scenario is that inflation continues to fall, but not so abruptly that fiscal gains are undone; the pessimistic one is that an overvalued peso forces a sharp devaluation, pushing up prices ..read more
Project Syndicate » Economics
3d ago
Daniel Kahneman, who passed away in March at the age of 90, received the Nobel Prize in Economics despite having never taken an economics course. Nevertheless, his scholarship reshaped and upended the discipline’s fundamental assumptions, laying the groundwork for the emergence of behavioral economics ..read more
Project Syndicate » Economics
6d ago
The US Federal Trade Commission’s new rule banning non-compete clauses in employment contracts is predictably being challenged by business lobbies who argue that employers need such tools to protect trade secrets and investments in training. But the evidence overwhelmingly shows that such restrictions do far more harm than good ..read more
Project Syndicate » Economics
1w ago
While industrial policies can help countries cope with rising economic and political uncertainty, the details matter. Any guidance by the International Monetary Fund on the issue must highlight fiscally prudent tools and emphasize the importance of striking the right balance between protection and market discipline ..read more
Project Syndicate » Economics
1w ago
As much as US President Joe Biden would like to believe that the economy is strong, and that his own policies have left Americans better off, polls consistently show that the public isn’t buying it. While there are several reasons for this disconnect, none is especially complicated ..read more
Project Syndicate » Economics
1w ago
Rather than issuing 50- or 100-year bonds when interest rates were at rock-bottom, the US Treasury dismissed this option and simply continued to borrow on a short-term basis. Now that US interest payments are ballooning, the scale of this blunder has become apparent, as have the implications for future generations ..read more
Project Syndicate » Economics
1w ago
A recent surge in the gold price is symptomatic of a changing world order and the onset of a new age of conflict and uncertainty. Governments and central banks have long viewed the precious metal as a potential source of monetary stability and economic security, and this time is no exception ..read more
Project Syndicate » Economics
1w ago
While scandals, culture wars, and threats to democracy dominate the headlines, the biggest issues in this super election year ultimately concern economic policies. After all, the rise of anti-democratic populist authoritarianism is itself the legacy of a misbegotten economic ideology ..read more