Edition #40: August 15, 2024
Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.
Mohamed A. El-Erian thinks the US central bank could learn something from the Bank of England’s more transparent process.
Dambisa Moyo,J. Bradford DeLong, Kenneth Rogoff and others examine the causes and likely implications of recent stock-market volatility.
Todd G. Buchholz laments the US Federal Trade Commission’s efforts to block sensible mergers based on unsound legal theories.
In case you missed it…Todd G. Buchholz says more: “Regulators should show more modesty about what they know.” Read the interview here.
The Dollar Is Everyone’s Problem - Free to Read
Hippolyte Fofack shows how interest-rate differentials are stoking exchange-rate volatility in rich economies.
PS talks to James K. Galbraith about the US election and entropy economics.
Vera Songwe and Ishac Diwan propose a strategy for stabilizing economies that have become illiquid but are not insolvent.