Inflation in most rich countries has been low since the 1990s, not least because of central banks’ success in lowering long-term inflation expectations. But today’s policymakers must weigh how far they can go in trying to engineer a post-pandemic recovery without unanchoring these firmly entrenched beliefs. Read Here | Project Syndicate
In February, China’s President Xi Jinping announced a large and bold plan for a nationwide basically all-encompassing welfare system, arguing it is a crucial issue for state stability. It is a correct assessment because if there is no social security there will be a potential army with nothing to lose that will feel cast out from […]
Pakistan’s failure to tackle terror financing and money laundering has cost the nation an estimated US$38 billion since 2008, new independent research reveals. The losses have mounted while the country was on an international finance watchdog’s “grey” list. The Paris-based Financial Action Task Force (FATF) sets standards and promotes legal, regulatory and operational measures to fight […]
China is the second most powerful country in the world and the most formidable competitor the United States has faced in decades. Yet at the same time, and in spite of its many visible defects, the United States remains the stronger power in the U.S.-Chinese relationship—and it has good reason to think it can stay […]
More than 5,000 members of China’s political elite are expected to converge on Beijing in early March for the biggest event on the political calendar.Known as the “two sessions”, or lianghui , the annual gatherings of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC) are a window on the central government’s priorities […]
As in the 1970s, a severe economic shock has forced governments to pursue massive fiscal and monetary expansion, thereby sowing fears of future inflation. But not all shocks are the same, and the key question now is whether we can be confident that the current state of exception will end. Read Here | Project Syndicate
Next month’s major political set piece will take on special significance this year as it coincides with the Communist Party’s centenary. The gathering also marks the start of the next five-year plan and could also reveal more about the leadership’s long-term economic plans. Read Here – South China Morning Post
Donald Trump is more dangerous than a mere liar because he found a way to exploit the economic doppelgänger of science. Behind every government policy that affects us lurks some economic hypothesis whose authority is bolstered by a peer review process that the naked eye can mistake for the scientific process. Read Here | Project […]
There are many reasons to worry about the U.S. dollar’s underlying economic fundamentals. However, before despairing that America is well on the way to a dollar crisis a person might want to ask two questions. First, does the dollar have any serious rival to displace it as the world’s international reserve currency? Second, would the […]
The US is nowhere near as economically dominant as it was even a decade ago. Yet President-elect Joe Biden can take several relatively simple steps that would have far-reaching benefits for the US economy, the American people, and the rest of the world. Read Here | Project Syndicate
looking beyond borders 