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Curated by Project Syndicate

Shut Down and Print Up

9 commentaries

With the US Federal Reserve set to maintain its monetary stimulus, and congressional deadlock forcing the US government to shut down – and, worse, raising the prospect of default – America has become the wildcard of the global economy. Project Syndicate’s contributors assess the domestic and international implications of America's polarizing economic policies and dysfunctional politics.

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  1. The Founding Fathers’ Fiscal Crisis

    The Founding Fathers’ Fiscal Crisis

    Oct 2, 2013 Peter Singer on the constitutional roots of America's fiscal crisis.

  2. America’s Endless Budget Battle
    pa3861c.jpg Paul Lachine

    America’s Endless Budget Battle

    Oct 1, 2013 Kenneth Rogoff What a US Default Would Mean for America and the World

  3. The Taper Chase
    pa1468c.jpg Paul Lachine

    The Taper Chase

    Sep 30, 2013 Martin Feldstein on why the Fed postponed the QE taper.

  4. Don’t Cry for Me, Ben Bernanke
    dr10c.jpg Dean Rohrer

    Don’t Cry for Me, Ben Bernanke

    Sep 27, 2013 Simon Johnson on the consequences of extending QE in the US.

  5. The Taper and Its Shadow
    pa3234c.jpg Paul Lachine

    The Taper and Its Shadow

    Sep 27, 2013 J. Bradford DeLong on QE, interest rates, and systemic risk.

  6. Occupy QE
    pa4169c.jpg Paul Lachine

    Occupy QE

    Sep 25, 2013 Stephen S. Roach on the Fed and why continuing QE is a bad idea.

Our Pick

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    Ukraine Is Far From Doomed

    Tatyana Deryugina & Anastassia Fedyk

    When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.

     compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
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    The Pandemic Financing Developing Countries Need

    Rachel Glennerster urges multilateral development banks to establish mechanisms that enable at-risk vaccine purchases.
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    The Geopolitics of Africa’s Debt Crisis

    Anne O. Krueger urges developed countries to back efforts by the IMF and the World Bank to promote growth-enhancing reforms.
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    Why the EU’s New Migration Pact Matters

    Ana Palacio applauds the pragmatic coalition-building, especially by Italy’s Giorgia Meloni, that enabled the deal.
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    AI Needs UN Oversight

    Peter G. Kirchschläger calls for the creation of a watchdog – similar to the IAEA – that employs a human rights-based approach.
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    The West Is Hastening Its Own Decline

    Brahma Chellaney argues that the unprecedented US and European sanctions against Russia are backfiring.
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    Canceling Palestine

    Slavoj Žižek

    Current debates about Israeli policy are rife with double standards, leading to absurd decisions like Germany’s recent cancellation of a pro-Palestinian gathering. By quashing legitimate speech and assembly, an Israel-aligned establishment risks inciting precisely the kind of anti-Semitism that it wants to prevent.

     worries that the double standards applied on Israel’s behalf will lead to an anti-Semitic backlash.
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    America’s Childcare Is Unfit for the Postmodern Age

    Bruce Ackerman urges US President Joe Biden to put universal preschool at the center of his re-election campaign.
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    History Already Tells Us the Future of AI

    Daron Acemoglu & Simon Johnson find policy lessons for the 2020s in the work of the early-nineteenth-century economist David Ricardo.

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