From the Spring 2019 issue
China Without a Private Sector
With the exception of North Korea and Iran, there is simply no worse place for U.S. trade and investment dollars to go than China.
Criminality: The Latest Economic Paradigm
Globalization has created its own perversions.
How Vladimir Putin Rose to the Top
An excerpt from Anders Åslund’s Russia’s Crony Capitalism, an insightful new book that explores Vladimir Putin’s extreme plutocracy.
With the British out of the picture, Germany will be hard-pressed.
On the Subject of Central Bank Independence…
Are central banks globally losing their independence? And what would the loss of central bank independence mean for the future workings of the global economy?
Featuring comments from Martin Neil Baily, Lorenzo Bini Smaghi, Richard N. Cooper, Robert H. Dugger, Barry Eichengreen, Mohamed A. El-Erian, Peter R. Fisher, Gregory D. Hess, Otmar Issing, Lawrence B. Lindsey, Catherine L. Mann, Thomas Mayer, and Hans-Werner Sinn.
A review of Austerity: When It Works and When It Doesn’t by Alberto Alesina, Carlo Favero, and Francesco Giavazzi.
The Fed and the Crisis of Capitalism
There needs to be not another FDR New Deal, but another Teddy Roosevelt Square Deal.
Europe’s Forever Unfinished Banking Union
Before the next downturn, there’s little chance of a euro area system of deposit protection.
Continued deterioration of the oil industry will make restructuring even more difficult.
Some myths and realities.
The end of the Deng era, tariffs and inflation, Democrats on China.
View from the Beltway: The Inflation Enigma
The Fed’s flying with blinders on.