Simon Johnson, a former chief economist of the IMF, is a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-founder of a leading economics blog, The Baseline Scenario. He is the co-author, with James Kwak, of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You.
Some of Donald Trump's advisers are reportedly recommending that he move toward mainstream Republican positions, such as those held by the leadership of the House of Representatives. But in any other … read more
There is now near unanimity that the United States’ Dodd-Frank financial reform legislation, enacted in 2010, did not end the problems associated with some banks being “too big to fail.” When it comes… read more
Some of the obvious political winners from Brexit are people who do not like Western Europe and what it stands for. Ironically, the US – Europe’s greatest ally and the EU’s largest trading partner – m… read more
"Trumpism" comprises three main components: virulent anti-immigrant animus, ignorant anti-trade rhetoric, and extreme anti-government sentiment. Taken separately, any one of these would be damaging; t… read more
The medium-term scenario for the global economy is unlikely to be stagnation. But the biggest question is whether a return to robust global growth is possible without debt-fueled overconsumption, over… read more
On June 23, the UK will hold a popular referendum on whether to leave the EU. Two recent reports on the likely impact of "Brexit" on the British economy leave little doubt that the UK would lose far m… read more
Both before the 2008 global financial crisis and today, just over a dozen big banks dominate the world’s financial landscape. And yet the ground is shifting beneath the financial sector, and big banks… read more
The Trans-Pacific Partnership, the far-reaching trade and investment agreement that the US has negotiated with 11 other countries, is now up for debate ahead of a congressional vote on whether to appr… read more
The Caribbean island of Puerto Rico – the largest United States “territory” – is broke, and a human calamity is unfolding there. Unless a constructive course of political action is found in 2016, Puer… read more
