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    Inflation in the Shadow of Debt

    John H. Cochrane

    History has shown that it is much easier to stay ahead of inflation than it is to play catch-up. By ignoring this basic truth, US policymakers are both missing a big opportunity and inviting economic disaster.

    questions whether the Federal Reserve could carry out a successful monetary stabilization if needed.
    5
  2. russia apples Erik Romanenko\TASS via Getty Images
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    The Coming Food Fight

    Featured in this Big Picture
    1. Sandrine Dixson-Declève Sandrine Dixson-Declève ,
    2. José Antonio Ocampo José Antonio Ocampo ,
    3. Felia Salim Felia Salim ,
    4. Gloria Abraham Peralta Gloria Abraham Peralta ,
    5. Hilal Elver Hilal Elver ,
    6. Barbara Unmüßig Barbara Unmüßig ,
    7. Simon Zadek Simon Zadek ,
    8. Agnes Kalibata Agnes Kalibata ,
    9. Kristina Skierka Kristina Skierka

    The COVID-19 pandemic has caused hunger to spike, highlighting the need for radical reforms of the global food system to ensure its long-term resilience. But many fear that the United Nations Food Systems Summit on September 23 will entrench the current inequitable status quo instead of delivering real change.

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    The Security Deficit

    As the world changes rapidly, so does the nature of the risks we face. Yet our models for mitigating security threats have largely failed to keep up. In The Security Deficit, Project Syndicate, in partnership with the Doha Forum, brings together leading experts, academics, practitioners, and politicians to identify the world’s biggest vulnerabilities – and show what it will take to strengthen our defenses.

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op_cochrane1_ Mark WilsonGetty Images_fed reserve Mark WilsonGetty Images

Inflation in the Shadow of Debt

John H. Cochrane

History has shown that it is much easier to stay ahead of inflation than it is to play catch-up. By ignoring this basic truth, US policymakers are both missing a big opportunity and inviting economic disaster.

questions whether the Federal Reserve could carry out a successful monetary stabilization if needed.
5
russia apples Erik Romanenko\TASS via Getty Images

The Coming Food Fight

Featured in this Big Picture
  1. Sandrine Dixson-Declève Sandrine Dixson-Declève ,
  2. José Antonio Ocampo José Antonio Ocampo ,
  3. Felia Salim Felia Salim ,
  4. Gloria Abraham Peralta Gloria Abraham Peralta ,
  5. Hilal Elver Hilal Elver ,
  6. Barbara Unmüßig Barbara Unmüßig ,
  7. Simon Zadek Simon Zadek ,
  8. Agnes Kalibata Agnes Kalibata ,
  9. Kristina Skierka Kristina Skierka

The COVID-19 pandemic has caused hunger to spike, highlighting the need for radical reforms of the global food system to ensure its long-term resilience. But many fear that the United Nations Food Systems Summit on September 23 will entrench the current inequitable status quo instead of delivering real change.

0
merkel stage v3 Tobias Schwarz/AFP via Getty Images

After Merkel

Featured in this Big Picture
  1. Sigmar Gabriel,
  2. Joschka Fischer,
  3. Ana Palacio,
  4. Mark Leonard,
  5. Helmut K. Anheier,
  6. Constanze Stelzenmüller,
  7. Elmira Bayrasli

As Germany’s chancellor since 2005, Angela Merkel has been a pillar of the European and global order. But whoever succeeds her following the country’s September 26 federal election must also address massive structural challenges and widespread popular anxieties at home.

5
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AI Wars

Featured in this Big Picture
  1. Eric Schmidt,
  2. Kai-fu Lee,
  3. Frank-Jürgen Richter,
  4. Stan Matwin,
  5. Aida Ponce Del Castillo,
  6. Stefaan G. Verhulst,
  7. Mona Sloane

While recent advances in artificial intelligence may not justify either excessive optimism or dystopian visions, the technology will significantly reshape economies and societies. But will geopolitical competition and a surfeit of hype hamper progress toward setting standards for this critical technology’s responsible development and use?

1

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