Emmanuel Saez is Director of the Center for Equitable Growth at the University of California at Berkeley and a co-director of the World Inequality Database. His latest book (with Gabriel Zucman) is The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay.
Kori Schake is the director of foreign and defense policy at the American Enterprise Institute. She previously served on the National Security Council under President George W. Bush, and in senior posts at the Pentagon and the State Department.
Nearly three months after Russia launched its invasion, Western countries appear more committed than ever to Ukraine’s defense, and, in some quarters, to Russia’s defeat. We asked PS commentators what outcome the West, Russia, and Ukrainians themselves can realistically expect.
While some economic indicators suggest that the recovery remains on track, others show that consumers may be stalling out, and that households and businesses are becoming increasingly pessimistic. The US Federal Reserve will have to respond more nimbly to economic softening than it did to strengthening in 2021.
urges the Federal Reserve to keep its options open as it tries to restore price stability.