Good institutions won’t fix broken politics
Without political consensus, hawkish central banks and balanced budgets will not bring economic stability
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Beware populist economics
History suggests the political approach ends in unsustainable debt and lower GDP
When business and democracy don’t mix
Liberals were wrong to assume the two ideas are natural twins
I can take or leave central bank independence, frankly
It makes no difference to growth and policymakers are always in hock to someone
The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
Faultlines in financial system could be exposed by regulatory arbitrage
Policymakers and banking industry should push for convergence on rules
The coming crypto crisis
Bipartisan backing of stablecoins will hurt America’s economy and its politics