
The Billionaire Problem
Nov 29, 2019 examines why the United States has developed such a potent variant of it and how it should be addressed.
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Simon Johnson, a former chief economist of the IMF, is a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-founder of a leading economics blog, The Baseline Scenario. He is the co-author, with Jonathan Gruber, of Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream.
Nov 29, 2019 examines why the United States has developed such a potent variant of it and how it should be addressed.
Nov 4, 2019 thinks a challenge to the greenback's primacy by Facebook's Libra, or something like it, could benefit consumers.
Oct 1, 2019 identifies three main issues to consider when weighing how to adjust the role of markets in a sensible way.
Aug 30, 2019 sketches a scenario in which the United Kingdom loses, but Prime Minister Boris Johnson wins.
Jul 31, 2019 thinks the Democrats would be wise to embrace two strands of thinking about how to boost prosperity.
The Arab world has witnessed at least one big Brexit-like event every decade since 1948 – and these political, economic, and social ruptures never seem to heal. The impact of these self-inflicted disasters is now painfully evident, and ongoing street protests in several countries suggest that a moment of reckoning may have arrived.
The old central-bank playbook of slashing interest rates to spur consumption, investment, and employment has become less effective since the 2008 financial crisis. Yet without effective tools and the public's confidence, central banks will be unable to rise to the occasion when the next recession arrives.
French President Emmanuel Macron has drawn criticism for describing NATO as brain dead and pursuing a rapprochement with Russian President Vladimir Putin. But now that a wayward America could abandon the continent at any moment, Macron's argument for European defense autonomy is difficult to refute.