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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. skidelsky161_Busakorn Pongparnit_getty images_economic policy Busakorn Pongparnit/Getty Images

    The Silent Revolution in Economic Policy

    Robert Skidelsky

    With Western economies battered by COVID-19 and central banks running out of ammunition, fiscal policy is the only game in town. This should be openly acknowledged, and fiscal rules should be rewritten to allow for more active counter-cyclical policy and a much larger government role in allocating capital. 

    welcomes policymakers’ belated realization that fiscal stimulus must be central to post-pandemic recovery plans.
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  1. stiglitz286_Stefani Reynolds-PoolGetty Images_biden yellen Stefani Reynolds/Pool/Getty Images

    An Open Letter to Joe Biden on International Corporate Taxation

    José Antonio Ocampo, et al.

    For too long, international institutions have failed to address one of the most toxic aspects of globalization: tax avoidance and evasion by multinational corporations. Fair taxation of multinationals must be a central part of any tax system aimed at driving economic growth and creating high living standards for all. 

    urge the US president to support reforms intended to compel multinationals to pay their fair share.
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  2. op_andrews6_Heinrich Hoffmannullstein bild via Getty Images_hitler franco Heinrich Hoffmann/ullstein bild via Getty Images

    Low Dishonest Decades

    John Andrews

    Former US President Donald Trump is not Hitler, and America is not the Weimar Republic. But, as four excellent recent books about the interwar years show, false narratives and craven political choices can have dreadful consequences that may not emerge immediately.

    draws contemporary lessons from four recent books charting Europe's slide toward war in the 1920s and 1930s.
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  3. Dollar printer Getty Images

    America’s Stimulus Debate

    Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. But as US President Joe Biden’s proposed $1.9 trillion economic rescue plan works its way through Congress, it is not only Republicans who are asking whether providing too much fiscal stimulus could be just as risky as delivering too little.

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