In this intriguing prequel to his upcoming book, Sebastian Mallaby reveals a new side to controversial former Fed chairman Alan Greenspan. Greenspan was often accused of trusting too much in markets and being blind to the effects of bubbles, but Mallaby shows that Greenspan, in fact, was the man who knew.
Many experts and policymakers had predicted the humanitarian catastrophe that is underway in Aleppo, but no one is willing to intervene. “There is nothing either timely or decisive about the world’s approach to Syria, which has become the theater in which global and regional actors pursue their own goals,” writes Gayle Tzemach Lemmon.
Trade Policy Has Become Politically Unpopular. These Steps Could Help Rehabilitate It. This piece is based on a new CFR discussion paper authored by Edward Alden and Robert E. Litan, titled “A Winning Trade Policy for the United States.”
Tragedies keep occurring in war, despite the best intentions of U.S. troops. Micah Zenko provides recommendations to reduce the inevitable human errors in Syria, Afghanistan, and Iraq that have led to avoidable civilian casualties.
Congress overrode a presidential veto to enable the families of 9/11 victims to sue Saudi Arabia in U.S. courts. But the law will be a thorn in U.S. foreign relations, and plaintiffs will not likely get justice, says expert Stephen I. Vladeck.
President Obama and his defenders are trumpeting the new aid agreement with Israel as proof that he is the best friend Israel ever had in the White House. In fact, it’s a bad deal and should be treated the same way Obama treated prior agreements he didn't like: It should be forgotten by the next president.
Speaker: Kenneth S. Rogoff Presider: Matthew Bishop
Kenneth Rogoff discusses the 'Curse of Cash,' his new book about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest rates.
China-South Korea tensions rose with the announcement of the U.S.-South Korea alliance decision to deploy the THAAD missile defense system in South Korea and South Korean protests against illegal Chinese fishing. Exclusive economic zones (EEZs) remain another point of China-South Korea tension. Although China and South Korea seek to advance trade within various frameworks, such efforts only highlight a widening gap between the economic and political aspects of their relationship. Current security priorities require effective approaches to both immediate differences over THAAD and EEZs and longer-term preferences over how to effectively promote lasting stability on the Korean Peninsula, write Snyder and See Won Byun, PhD candidate in political science at the George Washington University.