From the Spring 2023 issue:
Is the Role of the Dollar About to Significantly Change?
The international financial markets have been full of speculation about the de-dollarization of the world economy in favor of new currency arrangements, particularly involving the Chinese yuan. Is this the stuff of simplistic journalistic headlines and a response to America’s soaring debt and prolific use of economic sanctions? Or is the dollar’s global role about to significantly change?
Featuring commentary by Dean Baker, Gene H. Chang, Andreas Dombret, Barry Eichengreen, Mohamed A. El-Erian, Joseph E. Gagnon, James K. Galbraith, Gary Clyde Hufbauer, Michael Hüther, Steven B. Kamin, Anne O. Krueger, John Lee, James A. Lewis, Zongyuan Zoe Liu, Thomas Mayer, Jim O'Neill, Holger Schmieding, Ludger Schuknecht, Mark Sobel, Benn Steil, Marina v N. Whitman, and Chen Zhao.
America is “eating its seed corn” at the expense of future investment.
It all comes down to climate.
The Global Battle Over Advanced Industries
It’s time for a more nuanced, more sophisticated U.S. approach.
The coming new age of scarcity.
America Will Escape Its Second Gilded Age
There are reasons for optimism.
China’s Stuck in the “Muddled Middle”
How to find growth in a fractured world.
Capital is flowing away from those who need it most.
Would AI-enabled centralized control work?
How the Saudis are killing world oil markets.
The hero of the recent bipartisan debt limit deal, inside Jay Powell's brain, the Fed's curious lending, and the accountability of tech tycoons.
Time for fiscal restraint.
Heat pump fiasco.