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Curated by Project Syndicate

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4 commentaries

Sovereign finances survived the global recession, just barely in some cases, but now Puerto Rico and Venezuela are insolvent. While the reasons for their plight may differ, there are lessons common to all defaults that investors and citizens should heed.

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  2. roubini151_z_wei_getty images_inflation Z. Wei/Getty Images

    Is Stagflation Coming?

    Nouriel Roubini

    Lost in the debate over whether today's ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon.

     joins the great inflation debate by highlighting the neglected threat of persistent negative supply shocks.
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  4. acemoglu32_JIM WATSONAFP via Getty Images_biden tax plan Jim Watson/AFP via Getty Images

    Biden’s Great Tax Rebalancing

    Daron Acemoglu

    US President Joe Biden's plan to overhaul America's outdated and self-defeating corporate-tax structure is as bold as it is necessary. With provisions to level the playing field for workers and end the global race to the bottom, it could revolutionize taxation worldwide, while stemming the increase in US government debt. 

     praises the US administration's corporate tax plan, and explains why its key ingredients matter.
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