Over the past few years, the US Federal Reserve has been ahead of other major central banks in normalizing monetary policy. But now the Fed has abruptly put further interest-rate hikes on hold, owing to key changes in macroeconomic conditions and the political environment.
A decade after the 2008 financial crisis, faith in markets' self-regulating abilities once again lies in tatters. There simply is no single real interest rate that would spur investors to funnel all existing savings into productive investments, and employers to hire all who wish to work at the prevailing wage.
calls for a comprehensive response to increasingly pervasive and violent far-right movements.
explains why abundant savings are not being invested productively, despite the supposed magic of the market.
frame the issue as a simple choice between empowering governments or enabling criminal cartels.
discuss the one issue that has plagued the Brexit negotiations: The Irish backstop.
explain how the rise of ultra-powerful superstar firms may be depressing wages.
discuss the one issue that has plagued the Brexit negotiations: The Irish backstop.
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