171 Items

U.S. dollars and coins lie strewn outside a tip jar in New York City, September 6, 2017.

Mark Lennihan (AP)

Analysis & Opinions - The Washington Post

The Left's Embrace of Modern Monetary Theory is a Recipe for Disaster

| Mar. 04, 2019

The old adage still holds true, Lawrence Summers argues: there isn't any such thing as a free lunch. And although Modern Monetary Theory may be increasingly in the public eye, this doesn't change the fact that there are a number of glaring issues with it.

A visiting U.S. President Donald Trump reaches out to greet his Chinese counterpart Xi Jinping, November 9, 2017.

Andy Wong (AP Images)

Analysis & Opinions - The Washington Post

No Trade Deal Can Dictate Our Relationship With China

| Feb. 04, 2019

President Trump should avoid seeing the United States' relationship with China strictly in terms of trade, Lawrence Summers warns. The U.S. must decide how it will respond to the rise of China in several other important ways, such as in areas of scientific and technological production.

President Donald Trump with China's President Xi Jinping during their bilateral meeting at the G20 Summit in Buenos Aires, Argentina on December 1, 2018.

AP Photo/Pablo Martinez Monsivais

Analysis & Opinions - Financial Times

Washington May Bluster But Cannot Stifle the Chinese Economy

| Dec. 03, 2018

Presidents Xi Jinping and Donald Trump reached an agreement at the G20 meeting in Argentina at the weekend on a framework for trade dialogue that will delay the previously announced imposition of new American tariffs on January 1. While surely better than the alternative, this step does not address any of the fundamental tensions in the economic relationship between US and China.

In this photo, taken on September 15, 2008, file photo traders work on the floor of the New York Mercantile Exchange in New York.

(AP Photo/Seth Wenig)

Analysis & Opinions - The Washington Post

The Financial Crisis and the Foundations for Macroeconomics

| Sep. 13, 2018

A preoccupation of macroeconomists for the last generation has been providing macroeconomics with a microeconomic foundation. Yet it has to be acknowledged that the principle of building macroeconomics on microeconomic foundations, as applied by economists, contributed next to nothing to predicting, explaining or resolving the Great Recession. What went wrong, and what is to be learned?

Shrubs grow on empty housing pads around a hole at the Coyote Springs golf course in the Coyote Springs development, about 50 miles northeast of Las Vegas on June 16, 2016. Before the housing bubble burst, developers planned to create a new community in the desert with thousands of homes, several golf courses and other amenities.

AP Photo/John Locher

Analysis & Opinions - Project Syndicate

Setting the Record Straight on Secular Stagnation

| Sep. 03, 2018

Echoing conservatives like John Taylor, the Nobel laureate economist Joseph Stiglitz recently suggested that the concept of secular stagnation was a fatalistic doctrine invented to provide an excuse for poor economic performance during the Obama years. This is simply not right.