Tag: Free exchange
How might China win the future? Ask Google’s AI
If China dominates the 21st-century economy, its industrial policy will get a lot of the credit. The state’s efforts to cultivate new industries,...
America’s scientific prowess is a huge global subsidy
One of the best things about living in Europe is America. Faced with a moribund domestic stockmarket, European investors can redirect their savings...
Economists are as confused as Trump about taxing the rich
IF YOU want to put a policymaker on the spot, ask them what the top rate of income tax should be. The question...
What happens when a hegemon falls?
Why economists are turning to a 50-year-old book on the Depression
Why economists should like booze
A martini doesn’t just steady the nerves after a rollercoaster week
Trump’s sovereign-wealth fund won’t make America richer
With $29trn in debt and a widening fiscal deficit, America hardly seems like a candidate for a sovereign-wealth fund. Such enormous, independently managed...
America’s tariffs are the worst policy shock in trade history
By imposing heavy tariffs on its trading partners, America has not only provoked a market crash, raised uncertainty to unprecedented levels and maybe...
Despite the pause, America’s tariffs are the worst ever trade shock
The announcement on April 9th that America would pause sky-high reciprocal tariffs sent stockmarkets soaring around the world. Countries that had faced crippling...
What a refugee camp reveals about economics
It is Malawi’s rainy season and smartly dressed worshippers are spilling out from church. Couples, arm-in-arm, dodge potholes as they progress down the...
