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James K. Galbraith

James K. Galbraith

30 commentaries
1 videos & podcasts

James K. Galbraith, Professor of Government and Chair in Government/Business Relations at the University of Texas at Austin, is a former staff economist for the House Banking Committee and a former executive director of the Joint Economic Committee of Congress. From 1993-97, he served as chief technical adviser for macroeconomic reform to China’s State Planning Commission. He is the author of Inequality: What Everyone Needs to Know (Oxford University Press, 2016) and Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe (Yale University Press, 2016).

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  1. Think Again About Persistent Inflation - and the Non-Partisan Fed
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    Think Again About Persistent Inflation - and the Non-Partisan Fed

    Nov 18, 2022 James K. Galbraith argues that recent developments have vindicated earlier assessments that US price growth was transitory.

  2. Rate Hikes Are Not the Right Answer to “Wage-Price Persistence”
    galbraith21_SAUL LOEBAFP via Getty Images_USgasstation Saul Loeb/AFP via Getty Images

    Rate Hikes Are Not the Right Answer to “Wage-Price Persistence”

    Aug 5, 2022 James K. Galbraith contends that tightening US monetary policy will inflict social and economic harm with little to no payoff.

  3. The Fed Waves Its Wand
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    The Fed Waves Its Wand

    May 9, 2022 James K. Galbraith thinks Chair Jerome Powell will get credit for a decline in inflation that would have happened anyway.

  4. The Fed's Target Is Workers
    galbraith19_BRENDAN SMIALOWSKIPOOLAFP via Getty Images_jerome powell BRENDAN SMIALOWSKIPOOLAFP via Getty Images

    The Fed's Target Is Workers

    Jan 31, 2022 James K. Galbraith shows that the central bank's effort to reduce headline inflation will hurt low-wage service employees the most.

  5. The Case for Strategic Price Policies
    galbraith18Wang YingXinhua via Getty Imagesinflation gas prices Wang YingXinhua via Getty Images

    The Case for Strategic Price Policies

    Jan 21, 2022 James K. Galbraith urges the US to revive a policy framework that worked extraordinarily well for most of its 40 years.

  1. mcnamee3_ AMY OSBORNEAFP via Getty Images_twitter AMY OSBORNE/AFP via Getty Images

    Disrupting the Disruptors

    Roger McNamee considers what new economic conditions mean for an industry whose growth (and misbehavior) defined an era.
  2. basu86_ Stu ForsterGetty Images_world cup Stu Forster/Getty Images

    When Voters Become Fans

    Kaushik Basu thinks deepening polarization has given the lie to a longstanding assumption about electoral politics.
  3. desalegn1_ KHALED DESOUKIAFP via Getty Images_biodiversity KHALED DESOUKI/AFP via Getty Images

    Africa’s Responsibility to Protect Biodiversity

    Hailemariam Desalegn urges the continent’s leaders to unite behind a shared conservation agenda, beginning at COP15.
  4. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images

    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  5. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images

    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  6. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images

    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  7. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images

    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  8. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

    reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  9. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images

    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.

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