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John Hutton

John Hutton

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Lord Hutton of Furness was UK Minister of State for Health in 1999-2005; Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office in 2005; Secretary of State for Work and Pensions in 2005-2007 and for Business, Enterprise, and Regulatory Reform in 2007-08; and Minister of Defense in 2008-2009.

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  1. frankel135_KAZUHIRO NOGIAFP via Getty Images_exchange rate KAZUHIRO NOGI/AFP via Getty Images

    Get Ready for Reverse Currency Wars

    Jeffrey Frankel

    With elevated global inflation likely to persist for some time, the prospect of competitive exchange-rate appreciations is looming larger. Instead of a race to the bottom in the currency market, there may be a scramble to the top – and poorer countries will likely suffer the most.

    warns that a series of competitive exchange-rate appreciations would hurt poorer economies the most.
    0
  2. op_soros6_FADEL SENNAAFP via Getty Images_ukrainewar Fadel Senna/AFP via Getty Images
    Free to read

    The Fight of Our Lives

    George Soros

    Neither the invasion of Ukraine nor the deepening cold war between the West and China came out of the blue. The world has been increasingly engaged over the past half-decade, or longer, in a struggle between two diametrically opposed systems of governance: open society and closed society.

    frames the war in Ukraine as the latest battle for open-society ideals – one that implicates China as well.
    12

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