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Sonntag, 17. Dezember 2017

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Project Syndicate

Project Syndicate - The World’s Opinion Page
  1. Making the Most of the Brexit Deal

    A chaotic Brexit, in which key questions about the relationship between the UK and the EU are left unanswered, may be avoided, but severe political and economic harm could still await both sides. What, then, accounts for the evident lack of urgency in taking the necessary steps to avoid such a scenario?

  2. PS. Explain This: A Bitcoin Bubble?

    Bitcoin, the world’s first decentralized crypto-currency, has become the newest darling of financial markets. But it’s clearly a risky asset. PS Associate Editor Whitney Arana explains.

  3. Robert Barro’s Tax-Reform Advocacy: A Response

    Robert Barro is a serious and careful economist, but he makes errors in modeling the actual provisions of the Republican tax plan, and he chooses parameters that distort his conclusions substantially upward. Instead of using his insights to defend and promote the GOP tax legislation, Barro should have helped to shape a much better bill.

  4. Inequality in the Twenty-First Century

    As inequality continues to deepen worldwide, we do not have the luxury of sticking to the status quo. Unless we confront the inequality challenge head on – as we have just begun to do with another existential threat, climate change – social cohesion, and especially democracy, will come under growing threat.

  5. The Dangerous Delusion of Price Stability

    Since the hyperinflation of the 1970s, which central banks were right to combat by whatever means necessary, maintaining positive but low inflation has become a monetary-policy obsession. But, because the world economy has changed dramatically since then, central bankers have started to miss the monetary-policy forest for the trees.

  6. The Holy Grail of Genetic Engineering

    CRISPR-Cas – a gene-editing technique that is far more precise and efficient than any that has come before it – is poised to change the world. But ensuring that those changes are positive – helping to fight tumors and mosquito-borne illnesses, for example – will require scientists to apply the utmost caution.

  7. Surveying the Damage of Low Interest Rates

    Few would disagree that it was necessary to slash interest rates in the immediate aftermath of the 2008 global financial crisis. But after a decade of ultra-loose monetary policies across advanced economies, growth remains tepid, financial risks have proliferated, and middle-class savers have lost out.

  8. Complacency Will Be Tested in 2018

    Despite seemingly robust indicators, the world economy may not be nearly as resilient to shocks and systemic challenges as the consensus view seems to believe. In particular, the absence of a classic vigorous rebound from the Great Recession means that the global economy never recouped the growth lost in the worst downturn of modern times.

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