Mark Carney and I have been going back and forth for months to pin down a date — each of us having to cancel at least once. Fate was guiding us. The former governor of the Bank of England strolls into our New York venue at roughly the moment London’s markets are closing after the … Read more
Over the past few decades, the inequality of wealth distribution globally has become all the starker. For example, as of 2022, the top 10% of Americans hold nearly 70% of US wealth. This means that 90% of the country only takes home 30% of the wealth. South Africa is another example, with the top 10% … Read more
Rampant inequality could have devastating societal consequences in the next 50 years if current economic policies remain in place, according to a new book by a team of economists and scientists. For one, societal divisions will make it increasingly challenging to deal with urgent crises like climate change, according to the authors of “Earth for All: … Read more
The writer is a senior fellow at the Institute for Government One casualty of Covid was the UK exam season, which was cancelled for two years due to lockdowns. A-level grades were set by schools instead, with little external moderation and, unsurprisingly, shot up, meaning a lot more young people than usual found themselves at … Read more
In the early 1930s, the US Senate enlisted a young economist named Simon Kuznets to figure out how badly the economy had been ravaged by the Great Depression, and whether policies were doing much to fix it. Back then, the government did not monitor the economy in a rigorous way. In fact, for a long … Read more