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The appeal of libertarian paternalism has been recognized in many countries, including the UK and South Korea, and by politicians of many stripes, including Tories and the Democratic administration of President Obama. Indeed, Britain’s government has created a new small unit whose mission is to apply the principles of behavioral science to help the
... See moreDaniel Kahneman • Thinking, Fast and Slow
Second, the recent escalation of trade tensions coupled with the threat of possible financial tensions, rising US debt levels and a softening of the US exorbitant privilege may have caused some global investors to reassess the extent of their dollar exposure. So far, markets developments have been orderly, with an increase in demand for dollar hedg
... See morePierre-Olivier Gourinchas • Global Current Account Balances Widen, Reversing Narrowing Trend

But some Americans have been pressing their countrymen to deal with that “first question” as a foundation for building a new national health care system. Professor Uwe Reinhardt, the economist at Princeton University and global leader in the field of health care economics, argues that U.S. policy makers have deliberately avoided the moral question.
... See moreT. R. Reid • The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care
Jessica Lessin • Larry Summers on Trump’s ‘Tragic Precedent,’ TikTok and Regulation
Jessica Lessin • Larry Summers on Trump’s ‘Tragic Precedent,’ TikTok and Regulation
In 1999 Thomas Friedman published The Lexus and the Olive Tree: Understanding Globalization. It was Das Kapital for Smart America. In Friedman’s account, globalization is the organizing system of the post–Cold War era, but, unlike the Cold War, it is the result of technological advances and blind economic forces, not government policies. Rejecting
... See moreGeorge Packer • Last Best Hope: America in Crisis and Renewal
In all of his talks, Tierney questions this conventional wisdom, arguing that there is bad overhead (say, paying for swank office space) and good overhead (such as investing in technology to track results). Tierney counsels philanthropists not to place restrictions on how their donation can be spent (Sheryl Sandberg, for one, heeded this sage advic
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