CategoryUnited States

Blanchard on Recession, Expansion, and Inequality after Elections


Olivier Blanchard, PIIE   ill the economic program of President-elect Donald Trump lead to a recession or to an expansion? Before the election, many predicted a recession. But last week, markets clearly predicted an expansion. Who is right? It is obviously hard to tell. Announced programs are never implemented as such. Political realities and the need for support by Congress force minor and...

Democratic Socialism in the USA


by Bernie Sanders [intense_dropcap font_color=”primary”]I[/intense_dropcap]n his inaugural remarks in January 1937, in the midst of the Great Depression, President Franklin Delano Roosevelt looked out at the nation and this is what he saw. He saw tens of millions of its citizens denied the basic necessities of life. He saw millions of families trying to live on incomes so meager that...

The Fraught Politics of the TPP


This month, 12 countries on both sides of the Pacific finalized the historic Trans-Pacific Partnership trade agreement. The scope of the TPP is vast. If ratified and implemented, it will have a monumental impact on trade and capital flows along the Pacific Rim. Indeed, it will contribute to the ongoing transformation of the international order. Unfortunately, whether this will happen remains...