BUSINESS
America’s fiscal debt bears no favourable comparison to Japan’s
Supposedly favourable comparisons of US public debt levels with those of Japan don’t pass the laugh test
BUSINESS
The US is locked in a state of debt denial
Pre-election partisan warfare and delusional official accounting are blinding Americans to the country’s most existential economic-policy challenge
BUSINESS
US: Democrats and Republicans share a delusion about productivity and wages
The economy has its problems, but capital isn’t crushing labour
BUSINESS
UK rapprochement with the EU looks as far away as ever
With European politics in flux, the new Labour government will find it harder to mend relations with Brussels
BUSINESS
Google’s bad Gemini rollout did the world a favour
The laughable screw-ups in the Gemini chatbot’s image-generation — racially diverse Nazi soldiers? — offered a salutary glimpse of an Orwellian dystopia. And in so doing, they also highlighted vital questions of opacity, trust, range of application, and truth that deserve more attention as we contemplate where AI will lead
TECHNOLOGY
AI is likely to create more jobs than it kills
The challenges AI poses go far beyond the jobs market, but that domain is crucial. In this realm, at least, there’s more cause for optimism than alarm — and better policies could vastly improve the odds of success.
BUSINESS
Want safer banks? Then prepare for slower growth
Financial stability and economic expansion are fundamentally at odds. Finding the middle ground is important. Learning to manage financial collapses might be more productive than trying to prevent them outright
BUSINESS
Silicon Valley Bank’s regulators and managers ignored the obvious
Just because an investment is “safe” doesn’t mean it can’t decline in value
BUSINESS
Biden 2024? He is already campaigning more than he is governing
Biden must decide between being a successful president, or leading his party to victory. Sadly for the US, these goals can’t be easily combined
BUSINESS
Fed's Mistakes on Inflation Came From Sticking With an Old Story
The sudden shift in views on inflation are a reminder of the danger of narratives that encompass too much and tie down policy makers.
