The next president can’t just clean up Trump’s mess. They’ll have to prevent a resurgence of Trumpism — and learn from Obama’s mistakes.
A Memo to the Next President
read more
recession
The Pandemic Reveals a Europe More United than the United States
A world led by a unified Europe would be a significantly better place than one mismanaged by a fragmented United States.
The Race to Replace a Dying Neoliberalism
The world’s prevailing socio-political models aren’t going to survive this pandemic. What’s going to replace them?
The Beginning of the End for Oil?
Deadly, disruptive, and economically devastating as COVID-19 has proved to be, in retrospect it may turn out to have had at least this one silver lining.
Will the EU Survive the Coronavirus?
Hungary’s authoritarianism, Portugal’s generosity, Italy’s call for solidarity, Germany’s tightfistedness: European responses to the crisis are all over the map.
There’s a New Crash Coming
Skyrocketing debt, Wall Street deregulation, a fraying social safety net, and a diminished dollar could soon leave the United States looking like Greece.
Italy’s Election: Lighting the Lamp
On the eve of the World War I the British diplomat Sir Edward Gray is purported to have said, “The lamps are going out all over Europe.” In the wake of the recent Italian election one might reverse that phrase: after years of brutal austerity, collapsing economies, widespread unemployment, and shredding of the social safety net, Italians said “basta!” Enough! And lamps are going on all over Europe.
Recovery Recedes, Convulsion Looms
The dominant mood in liberal economic circles as 2010 drew to a close, in contrast to the cautiously optimistic forecasts about a sustained recovery at the end of 2009, was gloom, if not doom. Fiscal hawks have gained the upper hand in the policy struggle in the United States and Europe, to the alarm of spending advocates like Nobel laureate Paul Krugman and Financial Times columnist Martin Wolf who see budgetary tightening as a surefire prescription for killing the hesitant recovery in the major economies.
Immigration Economics: An Interview with Professor Giovanni Peri
Facts or no facts, many people simply do not want to believe that undocumented immigrants coming to this country don’t steal jobs and undermine the American economy. When economic studies come along that challenge their preconceptions, they don’t take kindly to the troublesome conclusions.
Bye-bye, Dubai
It’s bad enough when a person drowns in debt. Shock waves multiply when a corporation teeters on the verge of failure. The economy becomes even more agitated when a country declares bankruptcy, as Iceland did in 2008 and Hungary and Latvia almost did in 2009.