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Curated by Project Syndicate

The Big Bank Battle

12 commentaries

Simon Johnson, a professor at MIT's Sloan School of Management and a former chief economist at the IMF, is one of the world’s most influential critics of the global financial system. In this selection of commentaries, written exclusively for Project Syndicate, he considers what policymakers should do to prevent another financial crisis – and why they are not doing it.

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rajan63_ALEX EDELMANAFP via Getty Images_nancypelosicoronavirus Alex Edelman/AFP via Getty Images

Should Governments Spend Away?

Raghuram G. Rajan

With sovereign-bond markets still showing little concern for the massive levels of borrowing and spending across advanced economies, it is tempting to think that there is effectively no limit to further stimulus. But we owe it to future generations to recognize how spending today could affect investment tomorrow.

worries that future generations will be saddled with an unpayable bill for today's pandemic-related borrowing.
8

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  1. buruma163_Thomas Peter-PoolGetty Images_trumpxi Thomas Peter/Pool/Getty Images

    Trump’s Hypocrisy on China

    Ian Buruma

    US Secretary of State Mike Pompeo recently called Richard Nixon's opening to China almost 50 years ago a failure, and went on to declare a virtual cold war against the Chinese. But Trump's blustering unilateralism and contempt for democratically elected leaders have left the US unable to forge the alliances Pompeo rightly says it needs.

    thinks current US policy is at least as harmful to democratic freedom around the world as Chinese bullying is.
    8

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