Council on Foreign Relations

Benn Steil and Peter Wallison argue that trying alleged 9/11 mastermind Khalid Sheikh Mohammed before the military commission established by Congress is better than the Obama administration pretending that it accepts the legal implications of acquittal by a civilian court.

Benn Steil's January column in Dow Jones' Financial News argues that the monetary forces behind the crashes of 1929 and 2008 were very similar.  In the 1920s, as in the mid-2000s, Fed officials mistakenly thought that they had found, in the practice of trying to stabilize a price index, the holy grail of monetary policy. In consequence, central bankers are once again grasping for a new orthodoxy.

Benn Steil argues that the U.S. is relying dangerously on massive government spending and lending to paper over its real problem—distorted incentives in the debt-encumbered banking system.

In Benn Steil's October column in Dow Jones' Financial News, he shows that the U.S. only calls for floating exchange rates when it believes the dollar will float down rather than up, and argues that this self-interested inconsistency is encouraging China and America's other major creditors to move away from non-discriminatory multilateral trade as they seek to lessen their dependence on the dollar.

In the first of his new monthly columns for Financial News, Benn Steil argues that private as well as public sector defined benefit pension schemes are a major risk to taxpayers, and should be replaced by defined contribution schemes.

CFR experts Benn Steil and Sebastian Mallaby discuss the lessons learned from the current financial crisis.

Listen to CFR experts Benn Steil and Sebastian Mallaby discuss the lessons learned from the current financial crisis.

Watch experts examine steps taken to regulate financial markets and debate whether more should be done or if some actions should be undone.

This session was part of the Stephen C. Freidheim Symposium on Global Economics: Financial Turbulence and U.S. Power, which was made possible through the generous support of Stephen C. Freidheim.

Listen to experts examine steps taken to regulate financial markets and debate whether more should be done or if some actions should be undone.

This session was part of the Stephen C. Freidheim Symposium on Global Economics: Financial Turbulence and U.S. Power, which was made possible through the generous support of Stephen C. Freidheim.

Listen to Benn Steil, CFR Senior Fellow and Director of International Economics, as he speaks about his new book, Money, Markets, and Sovereignty, and the implications of monetary nationalism for today’s global economy.

The following is a transcription from a Council on Foreign Relations meeting on the Group of 20 (G-20).

Watch experts remark on what is at stake at the G-20 London summit and outline possible policy options for member countries.

Listen to experts remark on what is at stake at the G-20 London summit and outline possible policy options for member countries.

Listen to experts give a historical analysis of the 1920s and the causes of the Great Depression, including monetary policy and the stock market crash in 1929.

This session was part of the CFR-New York University Leonard N. Stern School of Business symposium: A Second Look at the Great Depression, which was made possible through the generous support of the Leonard N. Stern School of Business, New York University, and the Ewing Marion Kauffman Foundation.

Watch experts give a historical analysis of the 1920s and the causes of the Great Depression, including monetary policy and the stock market crash in 1929.

This session was part of the CFR-New York University Leonard N. Stern School of Business symposium: A Second Look at the Great Depression, which was made possible through the generous support of the Leonard N. Stern School of Business, New York University, and the Ewing Marion Kauffman Foundation.

Session One of a Council on Foreign Relations Symposium on a Second Look at the Great Depression and the New Deal. A panel focusing on what occurred economically during the 1920s that contributed to the Crash in 1929.