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Curated by Project Syndicate

Shut Down and Print Up

9 commentaries

With the US Federal Reserve set to maintain its monetary stimulus, and congressional deadlock forcing the US government to shut down – and, worse, raising the prospect of default – America has become the wildcard of the global economy. Project Syndicate’s contributors assess the domestic and international implications of America's polarizing economic policies and dysfunctional politics.

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  1. The Founding Fathers’ Fiscal Crisis

    The Founding Fathers’ Fiscal Crisis

    Oct 2, 2013 Peter Singer on the constitutional roots of America's fiscal crisis.

  2. America’s Endless Budget Battle
    pa3861c.jpg Paul Lachine

    America’s Endless Budget Battle

    Oct 1, 2013 Kenneth Rogoff What a US Default Would Mean for America and the World

  3. The Taper Chase
    pa1468c.jpg Paul Lachine

    The Taper Chase

    Sep 30, 2013 Martin Feldstein on why the Fed postponed the QE taper.

  4. Don’t Cry for Me, Ben Bernanke
    dr10c.jpg Dean Rohrer

    Don’t Cry for Me, Ben Bernanke

    Sep 27, 2013 Simon Johnson on the consequences of extending QE in the US.

  5. The Taper and Its Shadow
    pa3234c.jpg Paul Lachine

    The Taper and Its Shadow

    Sep 27, 2013 J. Bradford DeLong on QE, interest rates, and systemic risk.

  6. Occupy QE
    pa4169c.jpg Paul Lachine

    Occupy QE

    Sep 25, 2013 Stephen S. Roach on the Fed and why continuing QE is a bad idea.

  1. moyo23_Michael M. SantiagoGetty Images_us inflation Michael M. Santiago/Getty Images

    Why Deglobalization Makes US Inflation Worse

    Dambisa Moyo laments that today’s inflationary surge has not elicited a coordinated global response.
  2. op_fuest1_ INA FASSBENDERAFP via Getty Images_electricity Ina Fassbender/AFP via Getty Images

    How to Tax Energy Companies’ Windfall Profits

    Clemens Fuest & Axel Ockenfels

    Given the complexities of modern markets, economies, and legal regimes, new levies on energy companies will always run into implementation problems. To prevent supply shortages and other disastrous unintended consequences, policymakers must proceed with caution and coordinate across borders.

    consider the underappreciated difficulties of implementing new levies without creating unwanted side effects.
  3. GettyImages-1243621433 ALEXANDER NEMENOV / Contributor via Getty Images

    Is Putin in Peril?

    From alternate-reality annexations to fresh nuclear threats, Russian President Vladimir Putin seems more desperate than ever to project an image of strength after a string of battlefield defeats. As Ukrainian forces advance on Russian-occupied territories and hundreds of thousands of draft-age Russian men flee the Kremlin’s “partial mobilization,” we asked PS commentators to assess his prospects.

  4. coyle27_Leon NealGetty Images_liz truss Leon Neal/Getty Images

    Liz Truss’s Backward Vision of the Future

    Diane Coyle argues that the new UK government will never cure what ails the British economy by living in the past.
  5. butler4_ Sean Gallup/Getty Images Sean Gallup/Getty Images

    The State Is Taking Back Energy

    Nick Butler sees increased government intervention in the sector as necessary but too often suboptimal.
  6. gros167_John KeebleGetty Images_bankofengland John Keeble/Getty Images

    The Stabilizing Effect of Inflation

    Daniel Gros explains why, despite the disruptions caused by monetary tightening, a financial crisis is unlikely.
  7. marin21_Steffen KuglerBundesregierung via Getty Image_scholzgermanymilitary Steffen Kugler/Bundesregierung via Getty Images

    Germany’s Emerging War Economy

    Dalia Marin outlines how the country can transform its economy and help Europe achieve strategic autonomy.
  8. kawamoto4_Eugene Hoshiko - PoolGetty Images_fumio kishida Eugene Hoshiko - Pool/Getty Images

    Japan’s Post-Abe Trust Crisis

    Akira Kawamoto explains how Fumio Kishida’s embattled government can regain public confidence and boost economic growth.
  9. wei51_DANIEL LEALAFP via Getty Images_bankofengland Daniel Leal/AFP via Getty Images

    Liz Truss vs. the Bank of England

    Shang-Jin Wei explains how UK policymakers can prevent a financial crisis by helping pensioners and homeowners.

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