Like Vladimir Putin, China's leader is so steeped in a narrative of victimhood and fearful of appearing weak that it is hard to imagine him ever leading China out of the mess he has created. He could well be remembered as the leader who squandered history's most remarkable economic success story.
about the country's increasingly worrisome trajectory, both at home and abroad.
Artificial IdiocyFrank Rumpenhorst/picture alliance via Getty Images
Following the latest banking crisis, monetary authorities should seriously consider how modern digital technologies could be used to avert such problems in the future. A central bank digital currency would both eliminate many barriers to financial transactions and end the risk of bank runs once and for all.
explains how central bank digital currencies would end bank runs and banks' excessive risk-taking.
普林斯顿 – 新冠肺炎加强了地域在我们生活中的重要性。在许多地方,由于社会孤立和国家权力的限制,利用离家近的资源和自下而上的解决办法就变得尤为重要。国际贸易和旅行把病毒带进了我们的社区和工作场所,但区域和地方卫生服务必须动员起来,以遏制大流行。
毫不意外,面对这样无形的危险,社区那些坚韧的事迹打动着我们。我们在美国各州州长的每日简报中看到了这种机敏和足智多谋,在邻国的忍耐和卫生保健工作者的牺牲中也看到了这一点。单纯的感染人数可不能告诉我们这些。我们继续告诉自己:“世界是很危险。感谢邻国、地方当局和机构。”
然而,我们面临的危机基本上是全球性的。当传染病在中国、法国或美国蔓延时,如果我们放松警惕,恢复了大流行病前的生活,那么下一次疫情在遥远海岸的另一边爆发时,我们将毫无准备。我们不能无视境外人民的命运。如果我们这样做,全球健康和经济危机将成为全球化的道德危机。
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