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I FORESEE TO WIN
NOTHING IS PERMANENT EXCEPT CHANGE

Given the failures to foresee the 2008 financial crisis and subsequent weak recovery, it is easy to think that economists have little to offer in the way of predictions. But when it comes to national-level GDP growth, past projections have largely been borne out; even when wrong, they can be used to diagnose structural problems.

OTHER NEWS

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The US has long adhered to a foreign-policy consensus that views military force as the best – and often the only – solution to international crises. President Donald Trump’s decision to withdraw US troops from Syria and reduce forces in Afghanistan has exposed the hollowness of arguments in favor of endless intervention and occupation.

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