Many political and economic certainties were upended in 2013. Reversing Gears covers the issues at the source with commentaries by Hassan Rouhani on Iran’s new international posture, Shinzo Abe on Japan’s “Abenomics,” Park Geun-hye on inter-Korean relations, George Osborne on British austerity, Daniel Yergin on US shale energy, George Soros on Germany’s European policy, and many more.
History has shown that it is much easier to stay ahead of inflation than it is to play catch-up. By ignoring this basic truth, US policymakers are both missing a big opportunity and inviting economic disaster.
questions whether the Federal Reserve could carry out a successful monetary stabilization if needed.