Edition #26: May 2, 2024
Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.
The End of Magical Debt Thinking – Free to Read
Kenneth Rogoff welcomes economists’ recent reassessment of the costs and benefits of public borrowing.
Teresa Ghilarducci proposes a Grey New Deal that would boost economic security for all US workers in old age.
Navigating Major Transitions in an Uncertain Economy – Free to Read
Mohamed A. El-Erian explains how to recalibrate expectations in the face of yet another forecasting failure.
Central Banks in a Cashless World – Free to Read
Mariana Mazzucato and David Eaves explain why policymakers should become more involved in shaping or creating digital-payments infrastructure.
Margaret O’Mara explains how the AI boom will differ from the 1990s-2000s internet boom to which it is often compared.
America’s Frustrating Search for a Soft Economic Landing – Free to Read
Michael R. Strain warns that beating inflation in the United States will likely require an increase in the unemployment rate.
Professor of Economics (Bernard and Irene Schwartz Professor of Economic Policy Analysis
10 个月The weirdness and brutality of the US retirement system is never P1 in the media or top of mind but it’s ALWAYS P2 for Americans who generally can’t control their off-ramp from wage work. If there was rank-choice voting for the most important policy issue — the retirement crisis would win a lot!