At a time when developing countries are under fiscal pressure and struggling to invest in future growth, the United States could come to the rescue – and without putting one cent of its own money on the line. Rarely has there been a better moment for a new issuance of the International Monetary Fund’s global reserve asset.
How Trump Could Win Over the Developing World by Vera Songwe – Project Syndicate
Consumers are nervous, and with stock portfolios down and corporations slashing investment, demand will take a hit. Roughly half of spending comes from the wealthy in America, and they are the ones who can immediately cut expenditures, and will do so when stocks decline.
The ITUC is deeply concerned by the reckless trade measures announced by the Trump administration.
Workers must not pay the price of an imposed trade war – International Trade Union Confederation
You can’t make America great again by wrecking the government. James K. Galbraith
Joe Stiglitz on Trump II
The End of Progress? by Joseph E. Stiglitz – Project Syndicate
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