The U.S. Department of the Treasury should transform its foreign currency report so it can be used as a tool to combat currency manipulation. This would be an important step toward a more balanced global economy with fewer persistent deficits and surpluses.
In modern economies, people may have jobs, but they still harbor major concerns in a wide range of areas, including security, health and work-life balance, income and distribution, training, mobility, and opportunity. By focusing solely on the unemployment rate, policymakers are ignoring the many dimensions of employment that affect welfare.
Sebastian Mallaby, senior fellow for international economics at CFR, discusses with James M. Lindsay the recent selection of Boris Johnson as British prime minister, the future of Brexit, and Johnson’s relationship with Donald J. Trump.
Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at CFR and a contributing columnist for the Washington Post, joins James M. Lindsay to discuss the collapsing currency valuations in places like Turkey, Argentina, and South Africa.
Adam Tooze, the Shelby Cullom Davis chair of history at Columbia University and director of the European Institute, joins James M. Lindsay to discuss how the 2008 financial crisis affected the world in the years that followed.