Member Views

Did We Really Think The Postwar Liberal Order Would Last Forever?

In January of 2017, I wrote a piece at the Hill suggesting that then-incoming President Trump’s foreign policy, while seemingly chaotic and unpredictable, actually had a basic underlying rationale.

Digital Protectionism and Barriers to International Data Flows

In just 25 years, the internet has become an intricate web connecting billions of users worldwide and a conduit for trillions of dollars in commerce. Just as it is transforming industries and national economies, it is also transforming the nature of globalization.

Does the G20 Have a Future?

Just when the world desperately needs more international cooperation to address common problems, the principal mechanism for coordinating such efforts is all but defunct. Its decline is both a harbinger and a cause of the global turmoil that awaits.

Dollar’s Global Role: Extraordinary Privilege or Burden?

Exaggerated debate is often conflated with other factors

Don't Worry About Inflation

A lot of people are worrying that all the money governments and central banks are printing to deal with the Covid-induced recession is bound to lead to runaway inflation in the future.

Done Or Dormant? Council On Foreign Relations Senior Fellow Says ISIS Remains A Force

The Trump administration says ISIS is no longer a threat. But Gayle Lemmon of the Council on Foreign Relations disagrees.

East Asia’s precautionary financing fix

Southeast Asian economies, like emerging markets and developing countries globally, are anticipating a rocky financial transition out of the COVID-19 pandemic. The rapid tightening of monetary policy in the United States and the economic fallout from Russia’s invasion of Ukraine are causing a global recession and threatening further capital outflows from emerging markets and developing countries.

ECB Strategy Review: A Tweak, a Leap, and a Missed Opportunity

The European Central Bank has released the results of its 18-month monetary policy strategy review.

Econ 101: SVB and Bank Runs

"The original sin of modern banking is financing long-term loans and investments with money (demand and savings deposits)," argues BWC member Warren Coats. He continues: "Money... should be fully separated from credit. Deposits should not finance loans."

Economist Discusses His New Book and Probes the Future of Money and the Economy

BWC member Paul Sheard: "The only way to bring inflation down... is either to increase supply... the central bank can't control that..." or "to restrain demand, and that's what the higher interest rates are aimed at doing."

"Unfortunately it's painful..."