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  1. op_feld2_Mike KempIn Pictures via Getty Images_inflation Mike Kemp/In Pictures via Getty Images
    1

    Why Inflation Persists

    Lars P. Feld

    What "Team Transitory" has missed in the inflation debate is that inflation tends to become persistent because of second-round effects. Not only have producer prices risen over the past year or so, but they also have not yet been fully passed through the value chain.

     navigates the complex array of factors that give rise to one of the biggest problems in macroeconomics.
  2. BP financial crisis Anadolu Agency / Contributor via Getty Images
    0

    Here We Go Again?

    Featured in this Big Picture

    Yanis Varoufakis, Andrés Velasco, Lucrezia Reichlin, Raghuram G. Rajan, Viral V. Acharya, Michael R. Strain, Willem H. Buiter, Nouriel Roubini

    Fifteen years after the collapse of the US investment bank Lehman Brothers triggered a devastating global financial crisis, the banking system is in trouble again. Central bankers and financial regulators each seem to bear some of the blame for the recent tumult, but there is significant disagreement over how much – and what, if anything, can be done to avoid a deeper crisis.

  3. goldsmith3_LEONARDO MUNOZAFP via Getty Images_trumpindictment Leonardo Munoz/AFP via Getty Images
    0

    Putin and Trump in the Dock?

    Jack Goldsmith explains the risks associated with pursuing criminal prosecutions against high-profile political figures.
  4. spence160_wenjin chenGetty Images_USChinawar wenjin chen/Getty Images
    0

    Destructive Decoupling

    Michael Spence tallies the costs of the global economic fragmentation that the US-China rivalry has set in motion.
  5. nye240_Yuichiro ChinoGetty Images_worldtechnologyconnection Yuichiro Chino/Getty Images
    0

    Is Globalization Over?

    Joseph S. Nye, Jr. explains why reports of the death of humanity's interdependence are greatly exaggerated.
  6. fischer202_JULIEN DE ROSAAFP via Getty Images_ukraine JULIEN DE ROSA/AFP via Getty Images
    0

    The Great Revision

    Joschka Fischer examines the broader geopolitical restructuring that was triggered by Russia’s full-scale invasion of Ukraine.
  7. ressa1_Leon NealGetty Images_journalism Leon Neal/Getty Images
    1

    Tyranny’s Propagandists Are Winning

    Maria Ressa & Nishant Lalwani urge funders and policymakers to commit significant funds to support public-interest journalism.
  8. haldar19_ Beata ZawrzelNurPhoto via Getty Images_wanted putin Beata Zawrzel/NurPhoto via Getty Images
    0

    Wanted: Vladimir Putin

    Antara Haldar explains why the International Criminal Court’s indictment is more than just a symbolic victory.
  9. gaffney4_Leonardo MunozVIEWpress_tax Leonardo Munoz/VIEWpress
    0

    Tax the Rich to Save the Planet

    Owen Gaffney argues that reducing economic inequality is the key to strengthening democracy and mitigating climate change.
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  1. Tax the Rich to Save the Planet
    gaffney4_Leonardo MunozVIEWpress_tax Leonardo Munoz/VIEWpress

    Tax the Rich to Save the Planet

    Mar 31, 2023 Owen Gaffney argues that reducing economic inequality is the key to strengthening democracy and mitigating climate change.

  2. Is Globalization Over?
    nye240_Yuichiro ChinoGetty Images_worldtechnologyconnection Yuichiro Chino/Getty Images

    Is Globalization Over?

    Mar 31, 2023 Joseph S. Nye, Jr. explains why reports of the death of humanity's interdependence are greatly exaggerated.

  3. Putin and Trump in the Dock?
    goldsmith3_LEONARDO MUNOZAFP via Getty Images_trumpindictment Leonardo Munoz/AFP via Getty Images

    Putin and Trump in the Dock?

    Mar 31, 2023 Jack Goldsmith explains the risks associated with pursuing criminal prosecutions against high-profile political figures.

  4. The Great Revision
    fischer202_JULIEN DE ROSAAFP via Getty Images_ukraine JULIEN DE ROSA/AFP via Getty Images

    The Great Revision

    Mar 31, 2023 Joschka Fischer examines the broader geopolitical restructuring that was triggered by Russia’s full-scale invasion of Ukraine.

  5. Why Inflation Persists
    op_feld2_Mike KempIn Pictures via Getty Images_inflation Mike Kemp/In Pictures via Getty Images

    Why Inflation Persists

    Mar 31, 2023 Lars P. Feld navigates the complex array of factors that give rise to one of the biggest problems in macroeconomics.

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  1. op_feld2_Mike KempIn Pictures via Getty Images_inflation Mike Kemp/In Pictures via Getty Images
    0

    Why Inflation Persists

    Lars P. Feld

    What "Team Transitory" has missed in the inflation debate is that inflation tends to become persistent because of second-round effects. Not only have producer prices risen over the past year or so, but they also have not yet been fully passed through the value chain.

     navigates the complex array of factors that give rise to one of the biggest problems in macroeconomics.
  2. BP financial crisis Anadolu Agency / Contributor via Getty Images
    0

    Here We Go Again?

    Featured in this Big Picture

    Yanis Varoufakis, Andrés Velasco, Lucrezia Reichlin, Raghuram G. Rajan, Viral V. Acharya, Michael R. Strain, Willem H. Buiter, Nouriel Roubini

    Fifteen years after the collapse of the US investment bank Lehman Brothers triggered a devastating global financial crisis, the banking system is in trouble again. Central bankers and financial regulators each seem to bear some of the blame for the recent tumult, but there is significant disagreement over how much – and what, if anything, can be done to avoid a deeper crisis.

  3. op_schell1_Andrea VerdelliGetty Images_xijinping Andrea Verdelli/Getty Images
    20

    Xi Jinping’s Chinese Tragedy

    Orville Schell interviewed by Irena Grudzińska Gross about the country's increasingly worrisome trajectory, both at home and abroad.
  4. GettyImages-1171447879
    13

    Richard Haass on Russia, Taiwan, and US democracy

    Richard Haass explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
  5. op_haass3_Chris HondrosGetty Images_iraqwar Chris Hondros/Getty Images
    14

    Revisiting America’s War of Choice in Iraq

    Richard Haass considers the enduring lessons from a foreign intervention that was both ill-conceived and poorly executed.
  6. BQ SVB China News Service / Contributor via Getty Images
    3

    PS Commentators Respond: Is a New Financial Crisis Underway?

    Featured in this Big Question

    Harold James, Simon Johnson, Stephen S. Roach, Kenneth Rogoff, Anne C. Sibert

    The US government’s pledge to do “whatever is needed” to protect the banking system after Silicon Valley Bank’s collapse last week did little to reassure markets, which have continued to slide. At a time when the US Federal Reserve is considering further interest-rate hikes to tame inflation, we asked PS commentators how bad things are likely to get, for the US and the world.

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  1. fayolle3_MUNIR UZ ZAMANAFP via Getty Images_drinking water MUNIR UZ ZAMAN/AFP via Getty Images
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    The Water Crisis Is a Vital Investment Opportunity

    Ambroise Fayolle & Henk Ovink calls for new thinking about how we value the planet’s most important natural resource.
  2. grafton2_ SIMON MAINAAFP via Getty Images_water SIMON MAINA/AFP via Getty Images
    0

    Waking Up to the World’s Water Crisis

    Quentin Grafton, et al. see three overarching priorities for the first global water conference in almost a half-century.
  3. willoughby2_WILLIAM WESTAFP via Getty Images_farms WILLIAM WEST/AFP via Getty Images
    0

    The Food-System Revolution Is Coming

    Robin Willoughby & Nico Muzi see three big sources of industry-wide disruption that will be beneficial if properly managed.

Opinion that Moves

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  3. Joschka Fischer The Great Revision
  4. Antara Haldar Wanted: Vladimir Putin

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  1. Owen Gaffney Tax the Rich to Save the Planet
  2. Ricardo Hausmann Dodgy Climate Finance
  3. Ambroise Fayolle, et al. The Water Crisis Is a Vital Investment Opportunity
  4. Quentin Grafton, et al. Waking Up to the World’s Water Crisis

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Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

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Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

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As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…

  1. William A. Haseltine A Path Out of the Pandemic
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