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Paul Krugman

Grassroots Economics

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.

Death Cometh for the Greenback

America’s debt is ballooning. Runaway inflation threatens our creditors. Faith in the almighty dollar is wavering. Soon a global reserve, complete with its own currency, will land the final blow against the dollar. But contrary to popular opinion,

Manchurian Paradox

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

The Culture Club

Not all cultures are equally conducive to progress.

In the Tsunami's Wake

It was a human tragedy, but not an economic disaster.

Frog in the Pot: Germany's Path to the Japan Syndrome

Japan's economic troubles aries from four interwoven causes, three of which are now extant in Germany--with major security implications for the United States.

Commentary

Bankrupt Empire

Washington’s massive debt will force America to abandon its role as global hegemon.

A War We Can't Afford

We can’t pay for the conflict in Afghanistan. So why are we still there?

Euro Implications for US Foreign Policy

The introduction of the Euro as the common currency of several EU countries has to date had little impact on relations between the US and those countries.

Blogs

The China Syndrome

After putting curbs on its rare earth minerals, Beijing has raised doubts about its self-proclaimed peaceful intentions: Is China the next Wilhelmine Germany?

Books & Reviews

Dreaming Europe in a Wide-Awake World

When it comes to Europe's gilded future, success is always just around the corner. Europeanists need to wake up--or risk being left behind by an unlikely coalition.

The Beginning of Economic Wisdom

Two primers on economics reveal a lingering philosophical divide in the intellectual imagination of our time.

Money and Power: Pondering Economic Growth and Decline

A trio of books proposes intriguing reasons for economic growth--national pride, surplus labor and investment security--but none parses the novelty of the virtual state.

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May 24, 2013