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  1. PS Behind the Headlines white2

    A curated selection of essential analysis of the most important news stories, plus the latest Big Picture topical collection, delivered to your inbox every Thursday.

  2. buruma170_ JIM WATSONAFP via Getty Images_biden executive orders Jim Watson/AFP via Getty Images

    The Right Time for Joe Biden

    Ian Buruma

    The new US president may not be an original thinker, a courageous leader, or exude personal magnetism, but are liberal democracies best served by such leaders in times of crisis? In fact, those hoping for a new New Deal in America can take comfort in the precedent of Franklin D. Roosevelt. 

    explains why the US president's lack of brilliance, heroism, and charisma may be his greatest strength.
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  1. roubini151_z_wei_getty images_inflation Z. Wei/Getty Images

    Is Stagflation Coming?

    Nouriel Roubini

    Lost in the debate over whether today's ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon.

    joins the great inflation debate by highlighting the neglected threat of persistent negative supply shocks.
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  2. acemoglu32_JIM WATSONAFP via Getty Images_biden tax plan Jim Watson/AFP via Getty Images

    Biden’s Great Tax Rebalancing

    Daron Acemoglu

    US President Joe Biden's plan to overhaul America's outdated and self-defeating corporate-tax structure is as bold as it is necessary. With provisions to level the playing field for workers and end the global race to the bottom, it could revolutionize taxation worldwide, while stemming the increase in US government debt. 

    praises the US administration's corporate tax plan, and explains why its key ingredients matter.
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