Anne O. Krueger: Financial Repression Revisited?

The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( AUGUST 23, 2020 This week at [Project Syndicate]( Nouriel Roubini says the US dollar's sharp depreciation is not a sign that it is losing its status as the key global reserve currency; Anne O. Krueger urges policymakers to start worrying about their future debt-to-GDP ratios now; Todd G. Buchholz warns that inflating away liabilities is not the way to deal with America’s coming debt crisis; and more. Join the conversation. Economics & Finance [Is the Almighty Dollar Slipping?]( [Nouriel Roubini]( sees the recent depreciation as a symptom of short-term factors, though challenges lie ahead. Economics & Finance [Financial Repression Revisited?]( [Anne O. Krueger]( has reservations about a long-used method for reducing massive public liabilities over time. Economics & Finance [America’s New Debt Bomb]( [Todd G. Buchholz]( draws parallels to the World War II era and proposes solutions for avoiding a fiscal cliff. Politics & World Affairs [The Armenian Model for Belarus]( [Carl Bildt]( thinks comparisons to the Maidan revolution in Ukraine are both inaccurate and counterproductive. [Belarus's Revolution of Dignity]( On Point [Belarus's Revolution of Dignity]( [Sławomir Sierakowski]( interviews [Adam Michnik]( about the mass protests against the Lukashenko regime triggered by the fraudulent election on August 9. Politics & World Affairs [China Alone]( [Brahma Chellaney]( urges the Indo-Pacific's democratic powers to translate resistance to Chinese aggression into a clear strategy. Economics & Finance [South Korea on Top Again]( [Jim O’Neill]( sees the country's long commitment to technological modernization paying off during the COVID-19 pandemic. [Dollar Bets]( Big Picture [Dollar Bets]( PS commentators consider whether the US currency’s recent weakness heralds its long-term demise. Economics & Finance [The Quiet Revolution in Emerging-Market Monetary Policy]( [Piroska Nagy-Mohacsi]( shows how current conditions are allowing more central banks than ever to deploy unconventional tools. Politics & World Affairs [Cultural Decoupling from China Will Hurt the US]( [Minxin Pei]( explains why the Trump administration's latest efforts at bilateral separation are unwise and counterproductive. [Say More: Mark Leonard]( [Mark Leonard]( redefines sovereignty for the twenty-first century, predicts the future of transatlantic relations, and says why the US is so poorly equipped to pursue structural reform. Sustainability Now [The Need for Debt-for-Climate Swaps]( [Shamshad Akhtar]( [Kevin P. Gallagher]( [Stephany Griffith-Jones]( [Jörg Haas]( and [Ulrich Volz]( call for a new global facility that would combine debt relief with investments in sustainability. Smart Development [A Letter to the International Community]( [Gordon Brown]( urges governments and multilateral organizations to prioritize support for education during the crisis. [Special Edition: The Green Recovery. For a limited time, when you subscribe to Project Syndicate, we will send you a complimentary copy of our latest special-edition magazine.]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.