… give or take
// The United States is at a turning point in its foreign policy history. For the first time in many decades, the US faces the choice between domestic priorities and foreign entanglements. This fork in the road was bound to arrive sooner or later, but the disastrous and foolhardy adventures begun under George Bush II [...]
// The IMF recently made a prediction that the Chinese economy, in total size, will be larger than America’s in a matter of years. In fact, the shift is so close that “According to the IMF forecast… whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last [...]
// Arvind Subramanian writes recently in the FT that the field of economics has “made amends” for failing to predict the economic crisis by producing effective solutions for managing it. The fact that a depression was avoided indicates that, for all its flaws, economics has contributed positively. For sure, we have not learnt all the [...]
// Fareed Zakaria writes recently in Newsweek that maybe the economic situation is not so bad after all. The financial system has calmed down and government intervention has helped with economic stability over the last year. Severe problems remain, like high unemployment in the West, and we face new problems caused by responses to the [...]
// A recent article in Forbes reports on a study indicating that American inequality has not increased as much as typically believed. Apparently, the authors of the article think this study is much more earth-shattering than it is. In reality, it is yet another volley in the endless back-and-forth among economists and analysts and pundits about [...]
