The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.
The America-China symbiosis cannot be overstated. Beijing’s willingness to buy U.S. debt allowed us to live on credit, while our purchase of Chinese goods propelled their meteoric rise. But as the financial markets have soured, some in the United
As the U.S. economy slows and the dollar loses value, Washington faces a tough choice: letting the market right itself or succumbing to the rising protectionist tide. Will policy makers act responsibly or try to score cheap political points?