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  1. roach143_Drew AngererGetty Images_jerome powell Drew Angerer/Getty Images

    Core Dangers for the Fed and China

    Stephen S. Roach

    Just as a fixation on core inflation can mislead central banks, as it has done with the US Federal Reserve, the power of a “core leader” like China’s Xi Jinping is a recipe for misdirected and ultimately unsustainable policy regimes. The very notion of a core adds a false sense of precision when addressing complex problems.

    thinks the US central bank and Chinese governance share a conceptual weakness leading to major policy blunders.
  2. mueller40_Jim Lo Scalzo-PoolGetty Images_bolsonaro trump Jim Lo Scalzo-Pool/Getty Images

    Why Populists Don’t Concede

    Jan-Werner Mueller

    With election denial becoming a new global trend, it is necessary to ask why so many citizens would accept leaders who fraudulently cry “fraud.” Even when they leave power quietly, populist politicians have exploited political polarization and indoctrinated their supporters never to trust the system.

    explains the political logic of fraudulently crying “fraud” in response to an electoral loss.
  3. emmott_Antonio MasielloGetty Images_meloni Antonio Masiello/Getty Images

    Giorgia Meloni’s Moment

    Bill Emmott sees little difference between the Brothers of Italy’s program and that of recent right-wing governments.
  4. wagner12_ ArterraUniversal Images Group via Getty Images_melting polar ice Arterra/Universal Images Group via Getty Images

    The High Stakes of Climate-Risk Accounting

    Gernot Wagner & Tom Brookes show why economists can no longer ignore the need for a far more comprehensive set of welfare indicators.
  5. elerian151_ Scott OlsonGetty Images_inflation Scott Olson/Getty Images

    The Cost of the Fed’s Challenged Credibility

    Mohamed A. El-Erian interprets the latest market tumult as the price of delaying monetary-policy tightening for too long.
  6. ito19_ RICHARD A. BROOKSAFP via Getty Images_boj yen depreciation RICHARD A. BROOKS/AFP via Getty Images

    The Challenge of Monetary Tightening

    Takatoshi Ito identifies the main risks raised by central banks’ efforts to rein in inflation.
  7. abe12imagefinal

    Realizing a Free and Open Indo-Pacific

    Abe Shinzō set out his vision for the region less than one month prior to his assassination in July.
  8. haldar13_Jens Büttnerpicture alliance via Getty Images Jens Büttner/picture alliance via Getty Images

    Amazon’s Satanic Mills

    Antara Haldar sees recent unionization efforts as a welcome response to an unethical and inhumane business model.
  9. Tubiana13_Getty Images Getty Images

    Europe and the New Non-Alignment

    Laurence Tubiana sees both challenges and opportunities for climate policy in an era of geopolitical fragmentation.
  10. Investing in Health for All

    Investing in Health for All

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    PS Events: Investing in Health for All 

    Register now for our next virtual event, Investing in Health for All, organized by the European Investment Bank and World Health Organization, where global experts will consider what lessons the COVID-19 pandemic and other recent crises offer for confronting public health challenges in the years ahead.

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Latest

  1. Why Populists Don’t Concede
    mueller40_Jim Lo Scalzo-PoolGetty Images_bolsonaro trump Jim Lo Scalzo-Pool/Getty Images

    Why Populists Don’t Concede

    Sep 28, 2022 Jan-Werner Mueller explains the political logic of fraudulently crying “fraud” in response to an electoral loss.

  2. The Challenge of Monetary Tightening
    ito19_ RICHARD A. BROOKSAFP via Getty Images_boj yen depreciation RICHARD A. BROOKS/AFP via Getty Images

    The Challenge of Monetary Tightening

    Sep 28, 2022 Takatoshi Ito identifies the main risks raised by central banks’ efforts to rein in inflation.

  3. The High Stakes of Climate-Risk Accounting
    wagner12_ ArterraUniversal Images Group via Getty Images_melting polar ice Arterra/Universal Images Group via Getty Images

    The High Stakes of Climate-Risk Accounting

    Sep 28, 2022 Gernot Wagner & Tom Brookes show why economists can no longer ignore the need for a far more comprehensive set of welfare indicators.

  4. The Cost of the Fed’s Challenged Credibility
    elerian151_ Scott OlsonGetty Images_inflation Scott Olson/Getty Images

    The Cost of the Fed’s Challenged Credibility

    Sep 28, 2022 Mohamed A. El-Erian interprets the latest market tumult as the price of delaying monetary-policy tightening for too long.

  5. Core Dangers for the Fed and China
    roach143_Drew AngererGetty Images_jerome powell Drew Angerer/Getty Images

    Core Dangers for the Fed and China

    Sep 27, 2022 Stephen S. Roach thinks the US central bank and Chinese governance share a conceptual weakness leading to major policy blunders.

Trending

  1. Tubiana13_Getty Images Getty Images

    Europe and the New Non-Alignment

    Laurence Tubiana sees both challenges and opportunities for climate policy in an era of geopolitical fragmentation.
  2. GettyImages-1242343947 SOPA Images / Contributor via Getty Images

    Should Energy Companies’ Windfall Profits Be Taxed?

    Featured in this Big Question

    John H. Cochrane, Daniel Litvin, Yanis Varoufakis, Isabella M. Weber

    Imposing a one-off tax on energy companies’ extraordinary profits might seem like a no-brainer at a time of soaring inflation, but the idea has more than a few detractors. As policymakers in a growing number of economies move ahead, we asked PS commentators whether they are right to do so.

  3. GettyImages-1357665229

    Werner Hoyer on REPower EU, climate adaptation, clean-tech innovation, and more

    Werner Hoyer emphasizes that European investments in LNG and pipeline gas are only a stopgap, views green hydrogen as central to a mutually beneficial partnership between Africa and Europe, touts the importance of modern financial instruments to mobilizing private capital in the fight against climate change, and more.
  4. op_janeway11_JIM WATSONAFP via Getty Images_trump JIM WATSON/AFP via Getty Images

    What’s Breaking Democracy?

    William H. Janeway traces the historical roots of the West’s current problems to the rise of neoliberalism in the 1970s.
  5. GettyImages-1243222937 Anadolu Agency/Contributor via Getty Images

    Will Ukraine Win?

    Featured in this Big Picture

    Simon Johnson, Josep Borrell, Richard Haass, Slavoj Žižek, Dina Khapaeva, Andrei Kolesnikov, Denis Volkov

    Ukraine’s current counteroffensive, in which its forces have regained control of some 3,400 square miles (8,800 square kilometers) of the country’s territory, has raised hopes that a Russian defeat is possible, if not inevitable. But while Russia’s occupation has been weakened, Ukraine’s path to victory for remains long, arduous, and rife with pitfalls.

  6. op_fofack1_RAUL ARBOLEDAAFP via Getty Images_deforestation Raul Arboleda/AFP via Getty Images

    Climate Injustice and the Curse of Illusory Growth

    Hippolyte Fofack shows why achieving global income convergence and sustainable development will require a new economic model.
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  1. bergamaschi2_ ALBERTO PIZZOLIAFP via Getty Images_heatwave italu ALBERTO PIZZOLI/AFP via Getty Images

    Italy’s Next Government Must Tackle Climate Security

    Luca Bergamaschi shows why the country’s politicians can no longer afford to ignore a major threat to national security.
  2. mckenna2_Jackie NiamGetty Images_netzerocarbonneutral Jackie Niam/Getty Images

    Making Net-Zero Pledges Count

    Catherine McKenna argues that as long as companies' commitments are voluntary, they will be inadequate.
  3. badre24_ANWAR AMROAFP via Getty Images_lebanonprotest Anwar Amro/AFP via Getty Images

    Navigating a World in Shock

    Bertrand Badré & Yves Tiberghien identify eight overlapping crises that have emerged in the absence of effective multilateralism.

Opinion that Moves

  1. Takatoshi Ito The Challenge of Monetary Tightening
  2. Mohamed A. El-Erian The Cost of the Fed’s Challenged Credibility
  3. Stephen S. Roach Core Dangers for the Fed and China
  4. Andrés Velasco God Save the Pound?

  1. Jan-Werner Mueller Why Populists Don’t Concede
  2. Andrew Sheng, et al. In Search of a Development Plan for Asia
  3. Bill Emmott Giorgia Meloni’s Moment
  4. Mark Leonard Preparing for the Long War

  1. Mariana Mazzucato Failing the Pandemic Preparedness Test
  2. Donald P. Kaberuka Investing in Africa’s Health
  3. William A. Haseltine Public-Health Funding Today Keeps the Doctor Away
  4. Nicholas B. Dirks Why “Following the Science” Is Easier Said Than Done

  1. Gernot Wagner, et al. The High Stakes of Climate-Risk Accounting
  2. Luca Bergamaschi Italy’s Next Government Must Tackle Climate Security
  3. Mark Cliffe The Sting of Climate Risk Is in the Tails
  4. Catherine McKenna Making Net-Zero Pledges Count

  1. José Manuel Barroso Preparing for the Next Global Catastrophe
  2. Nicholas Agar Should Humanities Professors Be Automated?
  3. Tomicah Tillemann What Is Web3 Good For?
  4. Josh Entsminger, et al. Who Will Establish Metaverse Ethics?

  1. Antara Haldar Amazon’s Satanic Mills
  2. M. Niaz Asadullah Asia’s Captive Market for Migrant Labor
  3. Michael R. Strain America’s Education Emergency
  4. Leonardo Garnier Transforming Education Means Fighting Poverty Traps

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

  1. Landry Signé The Key to Unlocking Africa’s Economic Potential
  2. Donald P. Kaberuka Investing in Africa’s Health
  3. Daniel Cohen, et al. A Fork in the Road for Development Financing

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

  1. Nicholas Agar Should Humanities Professors Be Automated?
  2. William A. Haseltine Health Messaging in the Disinformation Age
  3. Noëlle Lenoir Fighting Big Lies

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

  1. José Manuel Barroso Preparing for the Next Global Catastrophe
  2. Mariana Mazzucato Failing the Pandemic Preparedness Test
  3. William A. Haseltine Public-Health Funding Today Keeps the Doctor Away