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    Fixing Public Finances Without a Chainsaw

    Dag Detter

    Governments are the most important wealth managers in their respective jurisdictions, but they rarely behave like it. To boost revenue and ensure economic stability, policymakers must modernize their accounting practices and establish public wealth funds.

     urges cash-strapped countries to adopt a commercial approach to management of government-owned assets.
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    Will Trump Destroy the Dollar’s Primacy?

    Featured in this Big Picture

    PS editors, Jeffrey Frankel, Jim O'Neill, Dambisa Moyo, Michael R. Strain

    Within its first two months, President Donald Trump’s second administration has attacked US institutions, alienated trade partners and allies, decimated consumer and investor confidence, and sent the stock market plummeting. Can the dollar’s status as the world’s leading reserve currency – and the extraordinary advantages this affords the US economy – withstand the onslaught?

  3. lachman3_Charly TriballeauGettyImages_us_economy_eggs Charly Triballeau/Getty Images
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    America Looks Like a Troubled Emerging-Market Economy

    Desmond Lachman lists the symptoms, from tariffs and massive public debt, to oligarchy and flagrant conflicts of interest.
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    How Much “Weaponization” Can the Global Economy Take?

    Carla Norrlöf worries that major powers’ understandable reliance on economic coercion will go too far.
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    Will AI Mean Higher Taxes?

    Dambisa Moyo warns business leaders that automation-driven efficiency gains may come with hidden long-term costs.
  6. delong268_Drew AngererGetty Images_trump Drew Angerer/Getty Images
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    Rescuing America’s Economy from Trump

    J. Bradford DeLong thinks the US president needs a regent, similar to the role Howard Baker played under Ronald Reagan.
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    A Defining Moment for Energy Security and Economic Prosperity

    Gaston Browne points out that the energy transition is vital not only to protect the planet, but also to enhance resilience.
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    Is Trump Engineering the Decline and Fall of the Dollar?

    Jeffrey Frankel exposes fundamental flaws in the US administration’s vision for weakening the greenback.
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    Long Weekends Forever

    Juliet B. Schor recognizes AI's potential to facilitate a four-day workweek, benefiting workers and owners alike.
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  1. America Looks Like a Troubled Emerging-Market Economy
    lachman3_Charly TriballeauGettyImages_us_economy_eggs Charly Triballeau/Getty Images

    America Looks Like a Troubled Emerging-Market Economy

    Mar 21, 2025 Desmond Lachman lists the symptoms, from tariffs and massive public debt, to oligarchy and flagrant conflicts of interest.

  2. Will Trump Destroy the Dollar’s Primacy?
    fofack29_eric1513Getty Images_dedollarization eric1513/Getty Images

    Will Trump Destroy the Dollar’s Primacy?

    Mar 21, 2025 PS Commentators consider the implications of weakening confidence in dollar-denominated assets.

  3. Will AI Mean Higher Taxes?
    moyo32_Anton PetrusGettyImages_ai_money Anton Petrus/Getty Images

    Will AI Mean Higher Taxes?

    Mar 21, 2025 Dambisa Moyo warns business leaders that automation-driven efficiency gains may come with hidden long-term costs.

  4. A Defining Moment for Energy Security and Economic Prosperity
    gbrowne1_Thomas SamsonGettyImages_fossil_fuel_non_proliferation_treaty Thomas Samson/Getty Images

    A Defining Moment for Energy Security and Economic Prosperity

    Mar 21, 2025 Gaston Browne points out that the energy transition is vital not only to protect the planet, but also to enhance resilience.

  5. How Much “Weaponization” Can the Global Economy Take?
    norrlof10_Picture AllianceGettyImages_lng_terminal_baltic_sea Picture Alliance/Getty Images

    How Much “Weaponization” Can the Global Economy Take?

    Mar 21, 2025 Carla Norrlöf worries that major powers’ understandable reliance on economic coercion will go too far.

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OnPoint is our suite of subscriber-exclusive content. Get long-read commentaries, thematic deep dives, interviews with world leaders, and much more. Learn more.  

  1. op_detter1_utah778Getty Images_balancesheet utah778/Getty Images
    0

    Fixing Public Finances Without a Chainsaw

    Dag Detter

    Governments are the most important wealth managers in their respective jurisdictions, but they rarely behave like it. To boost revenue and ensure economic stability, policymakers must modernize their accounting practices and establish public wealth funds.

     urges cash-strapped countries to adopt a commercial approach to management of government-owned assets.
  2. GettyImages-2176801438 TANG CHHIN SOTHY/AFP via Getty Images
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    The Global South’s Path to Economic Resilience

    Anwar Ibrahim explains how Malaysia and other middle powers are navigating increasingly uncertain geopolitical terrain.
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    Diane Coyle on innovation, AI, economic data, and more

    Diane Coyle suggests ways to account for “free” digital services in economic frameworks, considers how to prevent the emergence of AI monopolies, warns that cutting funding for basic research is tantamount to destroying the US economy’s foundations, and more.
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    Abundance and Its Discontents

    James Livingston asks why the absence of economic scarcity is viewed as a problem rather than a cause for celebration.
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    The Opacity of Hope

    Jonathan Levy reflects on how the politics promoted by America’s first Black president gave rise to its first felonious one.
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    Ian Buruma on Gaza, Trump, authoritarianism, and more

    Ian Buruma says there is no chance US democracy will emerge from Donald Trump’s second administration unscathed, explains why the left is losing the culture war in the US and Europe, touts the enduring importance of the humanities, and more.

The “future of work” has become an increasingly frequent and capacious subject of inquiry, reflecting the fact that “work” is not just a private concern but a fundamental component of social, political, and economic life. If it is undergoing profound changes as a result of evolving technological, demographic, and global political factors, so will much else.

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Sustainability Now brings together leading voices in all of the domains involved in combating climate change, each addressing specific facets of the challenge.

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    The Biofuel Sham Could Worsen Global Hunger and Inequality

    Jennifer Clapp & Olivier De Schutter urge the UN maritime regulator not to encourage the shipping industry to move from one unsustainable fuel to another.
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    Sustainability in an Unstable World

    Bertrand Badré & Thomas Crampton warn against de-emphasizing climate action in the face of new geopolitical concerns.
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    Canada Must Learn From the Green Backlash

    Jonathan D. Ostry calls for climate policies to reflect social realities, instead of being based solely on economic efficiency.

Opinion that Moves

  1. Desmond Lachman America Looks Like a Troubled Emerging-Market Economy
  2. Dambisa Moyo Will AI Mean Higher Taxes?
  3. Carla Norrlöf How Much “Weaponization” Can the Global Economy Take?
  4. J. Bradford DeLong Rescuing America’s Economy from Trump

  1. Carl Bildt The Transatlantic World Will Never Be the Same
  2. Dani Rodrik When Will US Academia and Business Speak Up Against Trump?
  3. Mathieu Lefèvre, et al. The American and European Publics Still Stand With Ukraine
  4. Bartosz Węglarczyk Europe, United, Will Never Be Defeated!

  1. Bright Simons Trump’s War on Foreign Aid and the Rise of Transactional Diplomacy
  2. Anu Madgavkar, et al. Emerging Economies Must Get Rich Before They Get Old
  3. Nilima Gulrajani Making a Better Case for Foreign Aid
  4. Gordon Brown A Reformed WHO Should Make Its Case to America

  1. Gaston Browne A Defining Moment for Energy Security and Economic Prosperity
  2. Ekhosuehi Iyahen Insuring Coastal and Ocean Resilience
  3. Jennifer Clapp, et al. The Biofuel Sham Could Worsen Global Hunger and Inequality
  4. Bertrand Badré, et al. Sustainability in an Unstable World

  1. Sylvain Duranton, et al. What AI Can Learn From Aviation Safety
  2. Boris Ruf Why Frugal AI Alone Won’t Fix AI’s Energy Problem
  3. Cristina Caffarra Europe Must Break Free from Its Digital Dependence
  4. Adair Turner AI Will Not Supercharge GDP Growth

  1. Peter Singer Are We Responsible for Our Choices?
  2. Palwasha Hassan, et al. Let Afghan Women Lead
  3. Jean-Michel Blanquer The World Must Rally Around Algeria’s Hunger Artist
  4. Slavoj Žižek Fundamentalist Perverts

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

  1. Jaynisha Patel The Sahel’s Dangerous Downward Spiral
  2. Daniel M. Franks, et al. Africa Needs Mineral Security, Too
  3. Rim Berahab, et al. How to Make Carbon Pricing Work for Africa

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

  1. J. Bradford DeLong Trump’s Smoke and Mirrors
  2. Karen Rønde Danish Media’s United Stand Against Big Tech
  3. Robin Berjon Social Media as It Should Be

Oceans cover over 70% of the planet’s surface and account for 97% of its total water supply; they produce half the oxygen that we breathe and absorb o…

  1. Ekhosuehi Iyahen Insuring Coastal and Ocean Resilience
  2. Dadang Mujiono Empty Promises Won’t Save Marine Ecosystems
  3. Maya Delaney, et al. Turning the Financial Tide for Small Island States