From the Fall 2012 issue
First Washington ignored the al Qaeda threat. Now they’re doing the same with the cyber threat. It’s time to wake up.
As computer hackers, both state-sponsored and independent, seek illegal access to vital industrialized world networks for finance, utilities, and national security, to what extent could this new cold war disrupt the flow of global trade and finance? James Lewis, Martin C. Libicki, Jim Harper, Patrick M. Cronin, Ajay Banga, Ilan I. Berman, and Claude E. Barfield respond.
The former Federal Reserve vice chair, and potential next chairman, sat down with TIE editor David Smick to talk about the world.
TIE asked this question: What if you became President of the United States in January 2013 and could accomplish only one realistic policy change to restore economic growth and employment to historic trend levels? Expert opnions from Rudolph G. Penner, Stuart E. Eizenstat, Mohamed A. El-Erian, Bruce R. Bartlett, Jared Bernstein, Arthur B. Laffer, John H. Makin, Lawrence J. Korb, W. Bowman Cutter, Jeffrey A. Frankel, Jeffrey Faux, Hilda Ochoa-Brillembourg, Allen Sinai, Laurence M. Ball, Andrew Fieldhouse, David M. Jones, Murray Weidenbaum, James K. Galbraith, and Charles Wolf.
But in the game of foreign exchange intervention, China always comes up the biggest winner.
What are the chances that, in the next five to ten years, large parts of the world economy move to some form of capital controls in the management of exchange rates?
Fierce opposition threatens the eurozone’s ECB bank supervision and debt mutualization scheme. Can Merkel politically survive?
This issue is not France versus Germany. It is France versus the United Kingdom.
The former European Central Bank official takes aim at a central bank mandate stretched to the extreme.
The interplay between economic success and cultural diversity.
How a surprising combination of entrepreneurship and market forces, not government intervention or big oil, are saving the day.
And the China watchers who will try to make sense of it all.
No, there will be no new Smoot-Hawley. But the United States and China are fighting a modern trade war all the same.
A way to reinvent and reinvigorate the global economy.
Germany’s gold at the New York Fed, quantitative easing, Helmut Sonnenfeldt, and more.
Could globalization crack up?