In “The Age of Magic Money: Can Endless Spending Prevent Economic Calamity?”, Sebastian Mallaby raises a variety of questions about the use of aggressive macroeconomic policy to achieve stable economic growth. He begins his July/August 2020 Foreign Affairs paper with an interesting claim: “Crises can drive change, but sometimes it takes two crises to cement a … More Does Macroeconomic Policy Offer a Free Lunch?
A Review of Kimberly Clausing recent book Open: The Progressive Case for Free Trade, Immigration, and Global Capital In a recent article in Foreign Affairs (November / December 2019), Clausing clearly states why she has chosen to write this book now. It has almost become the new Washington consensus: decades of growing economic openness have … More Making the Global Economy Work for Everyone
America used to be known as the land of free markets. That may have been the case in the past, but for many sectors, it no longer holds true. In The Great Reversal: How America Gave Up On Free Markets, Thomas Philippon makes the case that since 2000, Europe and America have switched places. America … More America: The Land of the Not So Free Markets: A Review of The Great Reversal by Thomas Philippon