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    Why the Inflation Reduction Act Is a Big Deal

    Joseph E. Stiglitz

    If it passes, the US Inflation Reduction Act would be a landmark legislative achievement. With provisions to accelerate America's clean-energy transition, control health-care costs, and restore some sanity to the tax code, it will not only curtail inflation but also bolster America's long-term competitiveness.

    explains how the legislation would address several key longstanding problems facing America.
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    From Great Moderation to Great Stagflation

    Nouriel Roubini

    For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined to keep costs down. But now all these conditions have been overturned, and the world is settling into a dangerous and destabilizing new regime.

    explains why the long era of low inflation, cheap imports, and consistent growth is now over.
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    Debate: Galbraith vs. Furman on Inflation

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    Jason Furman, James K. Galbraith

    Months of high inflation, both in the United States and globally, have fueled intense debates about both root causes and potential solutions. Here, Jason Furman of Harvard University and James K. Galbraith of the University of Texas, Austin, offer opposing perspectives on what has become the year’s biggest economic-policy challenge.

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Curbing the Inflation Virus

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Portrait of Jason Furman Jason Furman , Portrait of Pinelopi Koujianou Goldberg Pinelopi Koujianou Goldberg , Portrait of Michael R. Strain Michael R. Strain , Portrait of Daniel Gros Daniel Gros , Portrait of Zhang Jun Zhang Jun , Portrait of Anatole Kaletsky Anatole Kaletsky

Recent data from the United States, the eurozone, and other major economies suggest that policymakers are losing their grip on price stability. Given rising inflationary expectations and the increasing threat of recession, what options do central banks and governments have – and how worried should the rest of us be?

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Can Humanity Handle the Heat?

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Michael R. Bloomberg, Kristie L. Ebi, Rachel Kyte, Rushad Nanavatty, Carlo Ratti

The record-high temperatures across the northern hemisphere this summer offer yet another preview of what lies in store as global warming continues. With the need to tackle extreme heat becoming ever more urgent, especially in poorer countries, we asked PS commentators whether and how the world can cope.

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Rudderless Britain

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Raj Persaud, Chris Patten, Robert Skidelsky, Antara Haldar, Barry Eichengreen

By the time scandal-plagued Prime Minister Boris Johnson finally called it quits, most of those who helped him gain control of the Conservative Party and lead the United Kingdom out of the European Union had abandoned him. But Johnson’s personal peccadilloes explain neither why he fell nor why his three-year stint in power has left behind a political vacuum.

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Opinion that Moves

Section_Economics

Economics & Finance

  1. From Great Moderation to Great Stagflation

    Aug 9, 2022 Nouriel Roubini
  2. Getting Productivism Right

    Aug 8, 2022 Dani Rodrik
  3. Why the Inflation Reduction Act Is a Big Deal

    Aug 8, 2022 Joseph E. Stiglitz
  4. Rate Hikes Are Not the Right Answer to “Wage-Price Persistence”

    Aug 5, 2022 James K. Galbraith
Section-Header_Politics

Politics & World Affairs

  1. Modi’s Damaging Dominance

    Aug 8, 2022 Shashi Tharoor
  2. The Anatomy of Kenya’s 2022 Election

    Aug 8, 2022 Steven Gruzd
  3. Far-right Populists Come Out of the Racist Closet

    Aug 5, 2022 Nina L. Khrushcheva
  4. Trump’s True Believers

    Aug 4, 2022 Ian Buruma
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Smart Development

  1. Biosecurity Is National Security

    Aug 3, 2022 Matthew McKnight & Neil Maniar
  2. How a Universal Basic Income Helped Kenyans Fight COVID

    Jul 28, 2022 Tavneet Suri & Nidhi Parekh
  3. An Effective Pandemic Response Must Be Truly Global

    Jul 20, 2022 Mariana Mazzucato & Jayati Ghosh
  4. The Varieties of Climate-Driven Medical Risk

    Jul 14, 2022 Aditi Hazra
SustainabilityBG

Sustainability Now

  1. All Are Welcome at the Climate Club

    Aug 5, 2022 Avram Alpert & Dennis J. Snower
  2. One Small Step for Manchin, One Giant Leap for Mankind?

    Aug 1, 2022 Antara Haldar
  3. As the World Burns

    Jul 25, 2022 Richard Haass
  4. Confronting the Growing Drought Risk

    Jul 22, 2022 Ibrahim Thiaw
Section-Header_Innovation

Innovation & Technology

  1. Ending the Age of Scarcity

    Aug 3, 2022 Nafeez Ahmed
  2. The True Meaning of Cybersecurity

    Jul 28, 2022 Martin Ignacio Díaz Velásquez
  3. The World Needs a Digital Lifeline

    Jul 19, 2022 Riccardo Puliti
  4. Yes, Crypto Still Matters

    Jul 7, 2022 Dante Alighieri Disparte
Section_Culture

Culture & Society

  1. Counting Queers

    Aug 5, 2022 Egerton Neto
  2. Human Rights Reimagined

    Aug 4, 2022 Eddie Ndopu
  3. The End of Contemporary History

    Aug 1, 2022 Joschka Fischer
  4. Gender-Equal Education Is About More Than Access

    Jul 29, 2022 M. Niaz Asadullah
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The African Century

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

  1. The Anatomy of Kenya’s 2022 Election

    Aug 8, 2022 Steven Gruzd
  2. Turning Off Congo’s Looting Machine

    Jul 29, 2022 John Prendergast
  3. The Key to Africa’s Economic Revolution

    Jul 18, 2022 Bogolo J. Kenewendo
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Press Released

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

  1. Fighting Big Lies

    May 26, 2022 Noëlle Lenoir
  2. The Fight for Press Freedom Is Local

    May 20, 2022 Jos Midas Bartman
  3. Elon Musk’s Twitter Test

    Apr 29, 2022 Zach Meyers
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The COVID-19 Crisis

As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…

  1. Biosecurity Is National Security

    Aug 3, 2022 Matthew McKnight & Neil Maniar
  2. An Effective Pandemic Response Must Be Truly Global

    Jul 20, 2022 Mariana Mazzucato & Jayati Ghosh
  3. Managing the Megacrisis of 2022

    Jul 19, 2022 José Ramos-Horta, et al.