Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal. None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the "gold clause cases" of the 1930s, that episode holds valuable lessons for leaders today.
explains why would-be parents should ignore fear mongers' warnings not to procreate.
warn that the reconstruction plan for war-torn Marawi City could fan the flames of Islamic radicalism again.
says the Great Depression-era “gold clause cases” hold lessons for today’s debt-strapped countries.
points out that cryptocurrencies are only the latest attempt to link monetary innovation to advanced science.
explain the political upheaval in Central America that is driving thousands to seek asylum in the US.
and PS editors assess South Africa’s prospects under its new president, Cyril Ramaphosa.
As the meeting between Donald Trump and Kim Jong-un approaches, the North Korean leader continues to surprise the international community, most recent… read more
The biggest cloud hanging over the world economy is the incipient trade war with China launched by US President Donald Trump. But with America’s closes… read more
Today’s media landscape is littered with landmines: open hostility by US President Donald Trump, mounting censorship in countries such as Hungary, Turkey, a… read more
Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W… read more
Half of the world’s population live in cities, and that share is growing rapidly. How can cities expand, maintain services and communities, and be envi… read more
Education does not benefit only its recipients; it has a profound impact on national economic outcomes. Poor educational performance may be a determin… read more
