Council of Councils
Think Global Health
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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July 16, 2015
Elections and Voting
Campaign 2016: Governor Scott Walker, GOP Presidential Candidate
Twelve Americans have become president without having earned a college degree. (Two of them are on Mount Rushmore.) Wisconsin Governor Scott Walker, who studied at Marquette University but left befor…
December 22, 2023
Venezuela
Venezuela: The Rise and Fall of a Petrostate
Venezuela’s ongoing descent into economic and political chaos is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
November 3, 2014
Europe and Eurasia
The ECB Fails to Stress Banks Over the One Critical Variable It Controls: Inflation
Relentlessly falling inflation is bad news for Eurozone banks. It increases the real (inflation-adjusted) value of borrower debt and the real cost of servicing that debt. It causes loan defaults…
September 20, 2012
Monetary Policy
Is Bernanke Right on QE3 and the Mortgage Market?
Fed Chairman Ben Bernanke defended QE3 at his September 13 press conference by arguing that it would lower mortgage rates and increase home prices. Over 80% of U.S. household debt is mortgage deb…
July 8, 2009
Europe and Eurasia
Unemployment
Until the economic crisis, many praised the U.S. model of flexible labor markets for promoting faster growth and low unemployment. But flexibility has a cost: the United States is leading the G7 in…
