Project Syndicate

The UN General Assembly has passed a non-binding resolution to establish a Palestinian state without Hamas. But at a time when nearly 2.2 million people face a systematic starvation campaign orchestrated by Israel, Manal A. Jamal wrote last month, advancing the idea of Palestinian statehood is nothing more than political theater.

FYI, my thoughts on what Federal Reserve Chair Powell can do in the remainder of his term to strengthen the institution by initiating much-needed reforms. https://lnkd.in/epkzdsks #economy #federalreserve #centralbanks #markets Project Syndicate

The EU Commission’s ability to respond to the concerns of ordinary Europeans continues to be constrained by member governments, which are happy to blame “Brussels” for the lack of progress - be it on the EU-US deal or the Draghi agenda. To break this von der Leyen must risk her own political capital. Will she? My latest for Project Syndicate #EUCO

Alexandra Reeve Givens and Karen Kornbluh argue that AI must not ignore human rights, Lucrezia Reichlin thinks that Europe needs a euro stablecoin, and Gene Burrus shows how America could lead the next era of digital innovation in this week’s edition of PS AI & Tech.

Perhaps the most apt summary of Trumponomics is to say that it has eschewed the quietly overbearing “Nanny State” that free-market ideologues decry in favor of a commanding, patriarchal “Daddy State,” writes Antara Haldar in a new PS Big Question. As Spain learned under the fascist dictator Francisco Franco, however, such paternalistic capitalism can deliver bursts of growth, but often at the cost of long-term dynamism. Read more from Haldar – as well as Mariana Mazzucato, Michael R. Strain, and others – at the link.

By bargaining collectively US tariff exemptions for exports like textiles, coffee, and minerals, African governments could leverage the continent’s strategic assets to protect their economic interests, argues Shimukunku Manchishi.

Barry Eichengreen tries to make sense of investors’ seeming indifference to Trump’s war on the Fed, Moreno Bertoldi and Marco Buti explain why Europe must use its economic “bazooka” against the US, Daniel Gros thinks global trade is winning Trump’s war on it, Camila Villard Duran explains the dollar’s death grip on Brazilian democracy, and more in this week’s edition of PS Economics.

With rising debt and escalating climate change, the next monetary regime is more likely to be inflationary than deflationary. Two new books suggest that the next inflation battle won’t look anything like the last, writes Jonathan Levy.

With trade policies in flux, multilateralism under strain, and climate-financing and decarbonization commitments being abandoned, how can we make progress on #sustainabledevelopment? Tune in to our event on September 22 to hear what our expert panel has to say. #ClimateWeekNYC #PSEvents #UNGA

By reallocating existing SDRs, rich countries could help developing countries lift millions out of poverty, argue Akinwumi A. Adesina and Ilan Goldfajn.