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Western observers rarely pay more than lip service to the roughly 85 per cent of the world's population living in the Global South
One would hope that a Trump administration would not try to interfere with foreign-exchange markets beyond instituting tariffs
Despite what many in the US may think, economic decoupling is not a viable option
This is not to say that individual central bankers are untrustworthy. The problem is that most central banks are not as independent as many believe
Despite stabilising the United Kingdom, Prime Minister Rishi Sunak is hindered by the widespread perception that he is a lame duck
The rally is fuelled by the expectation that AI will remain unregulated, but there is little reason to believe it can last
Despite the relatively buoyant consensus, recent developments suggest that the risks to global growth are still tilted to the downside
Prudent economic policies and central bank independence have allowed them to defy analysts' expectations of a debt spiral
The Truss government's two most problematic policies are the tax cuts for the wealthy and the energy subsidies
The longstanding argument that go-go Keynesian fiscal stimulus is the answer to every imaginable economic shock has been exposed as bankrupt
Forceful conditionality is essential to establish financial stability and ensure that IMF's resources do not end up financing capital flight
As impressive as China has been at building roads, bridges, and houses, its real estate construction boom is coming to an end, and there is no reason to expect a smooth landing
The proposed Green New Deal in the United States and the European Commission's European Green Deal have laudable environmental goals but are too inward-looking
It is high time to create a new, focused agency, a World Carbon Bank, that provides a vehicle for advanced economies to coordinate aid and technical transfer
The accusation that China is manipulating the exchange rate is completely out of touch with recent history
Warren is courageous because Big Tech is big money for most leading Democratic candidates, particularly progressives, for whom California is a veritable campaign-financing ATM
The biggest economic risks will emerge in those areas where investors think recent patterns are unlikely to change
The ones serious about preparing for recessions should be looking hard at proposals for how to pay interest on money, both positive and negative, which is by far the most elegant solution
Central bankers have of course been known to help incumbents before elections, by allowing inflation to drift up and keep employment booming
Scaling back paper currency would hardly end crime and tax evasion, but it would force the underground economy to employ riskier options