October 23, 2018
People vs money in America's midterm elections
All eyes are on the United States as November's Congressional elections approach. The outcome will answer many alarming questions raised two years ago, when Donald Trump won the presidential...
September 2, 2018
The myth of 'secular stagnation'
In the aftermath of the 2008 financial crisis, some economists argued that the United States, and perhaps the global economy, was suffering from “secular stagnation,”
August 9, 2018
The US is at risk of losing a trade war with China
What was at first a trade skirmish—with US President Donald Trump imposing tariffs on steel and aluminum—appears to be quickly morphing into a full-scale trade war with China.
April 8, 2018
Trump's trade confusion
The trade skirmish between the United States and China on steel, aluminium, and other goods is a product of US President Donald Trump's scorn for multilateral trade arrangements and the World...
March 19, 2018
When shall we overcome?
In 1967, riots erupted in cities throughout the United States, from Newark, New Jersey, to Detroit and Minneapolis in the Midwest—all two years after the Watts neighbourhood of Los Angeles exploded...
February 5, 2018
Post-Davos Depression
I have been attending the World Economic Forum's annual conference in Davos, Switzerland, where the so-called global elite convenes to discuss the world's problems, since 1995.
January 6, 2018
The US Donor Relief Act of 2017
Never has a piece of legislation labelled as both a tax cut and a reform been received with as much disapproval and derision as the bill passed by the US Congress and signed into law by President...
December 31, 2017
The global economy's risky recovery
A year ago, I predicted that the most distinctive aspect of 2017 would be uncertainty, fueled by, among other things, Donald Trump's election as president in the United States and the United...
December 12, 2017
The globalisation of our discontent
Fifteen years ago, I published Globalization and Its Discontents, a book that sought to explain why there was so much dissatisfaction with globalisation within the developing countries.
November 5, 2017
Has Trump captured the Fed?
One of the important powers of any US president is to appoint members and heads of the many agencies that are responsible for implementing the country's laws and regulations and, in many cases...