Found 46 article(s) for author 'United States'

The Biggest Emerging Market Debt Problem Is in America

The Biggest Emerging Market Debt Problem Is in America. Carmen Reinhart, December 20, 2018, Opinion, “A decade after the subprime bubble burst, a new one seems to be taking its place in the market for corporate collateralized loan obligations. A world economy geared toward increasing the supply of financial assets has hooked market participants and policymakers alike into a global game of Whac-A-Mole.Link

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Will China Really Supplant US Economic Hegemony?

Will China Really Supplant US Economic Hegemony? Kenneth Rogoff, April 2, 2018, Opinion, “As artificial intelligence reshapes the global economy, economists who once argued that China’s massive population would propel it to superpower status should rethink that assumption. In fact, as the global economy reaches higher stages of development, China’s labor advantage today could become a handicap tomorrow.Link

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Trump’s tariffs are ‘crazy, dumb’ economic policy

Trump’s tariffs are ‘crazy, dumb’ economic policy. Lawrence Summers, March 5, 2018, Video, “Larry Summers has opposed President Donald Trump on policy before. But he says the president’s proposed tariffs on steel and aluminum imports are something else entirely. “This is really crazy, dumb protectionism,” Summers told CNN’s Christiane Amanpour in an interview on Monday.Link

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Congress’ budget dysfunction is more than 4 decades in the making

Congress’ budget dysfunction is more than 4 decades in the making. Linda Bilmes, February 9, 2018, Opinion, “In an eleventh-hour twist, Sen. Rand Paul protested the costs of Congress’ latest budget deal and briefly shut down the federal government. Then, in the wee hours of Feb. 9, both houses of Congress eventually voted to pass the budget deal – a bipartisan agreement to repeal expenditure limits and fund the government for the next two years, if everything goes to plan. However, Paul’s midnight brinkmanship cast a sour note on its passage.Link

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Trump’s version of capitalism looks a lot like revenge — and it endangers our democracy

Trump’s version of capitalism looks a lot like revenge — and it endangers our democracy. Lawrence Summers, November 27, 2017, Opinion, “In response to the Carrier caper after the election last year, I decried the Trump administration’s preference for what I called ad hoc deal capitalism. I noted that the practice was characteristic of developing countries and earlier times in the United States and that it was much less conducive to prosperity and freedom than capitalism based on the predictable rule of law.Link

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