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Curated by Project Syndicate

Currency War Drums

9 commentaries

Seeking to boost recovery at home, some advanced-country central banks have increased money supply sharply, sending return-hungry investors to developing countries in search of higher returns. That dynamic, many experts and developing-country officials warn, will lead to competitive exchange-rate devaluations. Should advanced countries tighten monetary policy? What are the consequences for global cooperation if they don’t?

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  1. op_burleigh2_LeemageCorbis via Getty Images_caesarassassination Leemage/Corbis via Getty Images

    Killer Politics

    Michael Burleigh

    The sheer volume of TV series and films about assassins speaks to our morbid fascination with this dark side of politics and political history. But the fact that real-world political killings are increasingly going unpunished should prompt us to do some soul searching.

    considers the history of assassination, its abiding place in popular culture, and its comeback as a tactic.
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  2. hclark13_ Erik McGregorLightRocket via Getty Images_war on drugs Erik McGregor/LightRocket via Getty Images

    A Half-Century of Endless Drug War

    Helen Clark, et al.

    With his evidence-based, public-health approach to drug policy, US President Joe Biden is signaling that America’s longstanding strategies of repression and punishment have failed. The US should also champion a similar shift toward harm-reduction policies internationally.

    welcome the Biden administration’s emphasis on harm reduction rather than repression and punishment.
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  3. Drug War at 50 Erik McGregor/LightRocket via Getty Images

    America’s Longest War

    Fifty years after US President Richard Nixon declared a “war on drugs,” America’s strategy of repression has succeeded only in increasing violent crime, corruption, preventable disease, and incarceration. But what should replace this tried-and-failed prohibitionist approach if President Joe Biden’s administration decides to abandon it?

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