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James K. Galbraith

James K. Galbraith

11 commentaries

James K. Galbraith, a former Executive Director of the Joint Economic Committee, is Professor of Government and Chair in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. He is the author of Inequality: What Everyone Needs to Know and Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe. 

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  4. shiller129_bluebay2014_getty Images_economics arrow bluebay2014_Getty Images

    Making Sense of Sky-High Stock Prices

    Robert J. Shiller, et al.

    Many have been puzzled that the world’s stock markets haven’t collapsed in the face of the COVID-19 pandemic and the economic downturn it has wrought. But with interest rates low and likely to stay there, equities will continue to look attractive, particularly when compared to bonds. 

     explain why soaring equity valuations in five world regions may not be as absurd as many people think.
    1
  6. soros116_Ralph OrlowskiGetty Images_euro ecb bonds Ralph Orlowski/Getty Images

    An Effective Response to Europe’s Fiscal Paralysis

    George Soros

    With Hungary and Poland vetoing the European Union's budget and COVID-19 recovery fund, the case for issuing perpetual bonds has never been stronger. While the EU cannot currently do so, given uncertainty about its future, many of its member states can and should. 

     calls on European Union member states, rather than the EU itself, to issue perpetual bonds.
    7

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