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Jagadeesh Gokhale

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

Covering Your Assets

A second look at the threat of global financial annihilation.

Money, Money Everywhere. . . .

The dollar's international dominance, which underwrites our global economic leadership, can no longer be taken for granted.

The Culture Club

Not all cultures are equally conducive to progress.


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?

The Next Depression?

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?

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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April 19, 2014