How America Learned to Stop Worrying and Love Deficits and Debt
The old rules are being rejected, among liberals and conservatives, politicians and economists. New York Times
2019-03-09
09:06
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The old rules are being rejected, among liberals and conservatives, politicians and economists. New York Times
Modern Monetary Theory holds that a government able to borrow in its own currency need not be constrained by budget deficits and debt — meaning that it can act more boldly than economists have assumed, without negative consequences. New York Times
With 12 candidates already in the 2020 US presidential race, Democrats clearly believe that President Donald Trump is extremely vulnerable. If current trends continue, the next presidential election could be as dramatic and unpredictable as the last one. Project Syndicate
Liquid natural gas producers from Qatar, Norway and the U.S. are in line to deliver enough fuel to keep the lights on in Poland — and to complicate relations between Russia and the U.S. New York Times
As battle lines harden between climate advocates and deniers, both are increasingly using bouts of extreme weather as a weapon to try to win people to their side. New York Times
When news broke late last year that Chinese scientist He Jiankui might have created genetically-edited twins, he quickly drew the condemnation of scientists globally. An investigation, published by the Boston-based health and medicine-focused news outlet STAT, suggests three government institutions, including the country’s science ministry, may have funded He’s research. QUARTZ
The Global Centre—the tale of its construction, its occupants and its evolution is neither a spectacular success nor a catastrophic failure but a long economic struggle, a contest between China’s tremendous potential and the cracks in its foundations. America is only a secondary player in the drama. China, for better and for worse, is writing its own story. The Economist
The ambitious plan has had a rocky start, but it has also changed the national conversation. That alone is reason to applaud it. New York Times
More and more security holes are appearing in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built. MIT Technology Review
Volkswagen, a carmaker, told its 40,000 suppliers to cut emissions or risk losing its custom. Plenty of investors, meanwhile, say they are worried about being saddled with worthless stakes in coal-fired power plants if carbon taxes eventually bite. The Economist
© Stefan P. Schleicher 2019
