The Business Times
business-time-50

Simon Johnson

SIMON JOHNSON, A FORMER CHIEF ECONOMIST AT THE INTERNATIONAL MONETARY FUND, IS A PROFESSOR AT MIT’S SLOAN SCHOOL OF MANAGEMENT AND A CO-CHAIR OF THE COVID-19 POLICY ALLIANCE

Consumers know what they pay for groceries. Inflation works like an enormously regressive tax on poorer people and those on fixed or not fully indexed incomes (such as pensions).

Attacking the Federal Reserve is self-defeating

In its eagerness to do the crypto industry’s bidding, the Congress has exposed Americans and the world to the real possibility of the return of financial panic and severe economic damage, implying massive job losses and wealth destruction.

The crypto crises are coming

A proposal to impose sanctions on any company or individual in any country involved in a Russian oil and gas sale, with Russia paying a per shipment fee to the US Treasury to avoid these so-called secondary sanctions, would ideally pressure Kremlin into serious negotiations to end the war against Ukraine.

A US tariff idea that makes sense

Greenland is not for sale, but whoever leads after Mar 11 will presumably be in a strong position to bargain for more fiscal resources from Denmark.
THE BROAD VIEW

Greenland’s future must be decided by its people

Donald Trump’s “populist” agenda – a smoke-and-mirrors programme, sustained by fear of imagined enemies – is a failure foretold.
PERSPECTIVE

The economic consequences of Trump 2.0

Only Vice-President Kamala Harris has a coherent programme of encouraging science, making it easier to commercialise innovations, and funding new business in all parts of the country.

Only Harris will deliver shared prosperity

Even if Trump's proposed tariffs do not plunge the world into a self-destructive trade war, US trade partners would likely retaliate – and that will hurt everyone who works in America's successful and high-productivity export sector.
THE BOTTOM LINE

Trump’s proposed tariffs are a gift to the rich

With regard to the Chips and Science Act, Senator Maria Cantwell of Washington says: “We don’t know exactly what innovations will come out of this, but we do know this – America will be more competitive because of it."

Creating more good jobs

The latest phase of Great Power competition is much more about technology than it is about trade.
THE BROAD VIEW

Great Power competition today

Russian crude oil tanker ship Clyde Noble is seen berthed at the Karachi Port, Pakistan, June 28, 2023. Pakistan received its second cargo of discounted Russian crude oil as part of a new deal between Islamabad and Moscow.

Why are Russian oil products still being sold in America?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More