Jayati Ghosh: Curbing Commodity-Market Speculation

with Richard Haass, Daron Acemoglu, Jayati Ghosh, Brigitte Granville, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( AUGUST 14, 2022 This week at [Project Syndicate]( Joseph E. Stiglitz explains why the US Inflation Reduction Act would be a landmark legislative achievement; Jayati Ghosh blames corporate greed and financial speculation, not just commodity-price spikes, for today’s supply shortages; Nouriel Roubini warns that persistent and repeated negative supply shocks will combine with loose monetary, fiscal, and credit policies to produce stagflation; and more. Economics & Finance [Why the Inflation Reduction Act Is a Big Deal]( [Joseph E. Stiglitz]( explains how the legislation would address several key longstanding problems facing America. Economics & Finance [Curbing Commodity-Market Speculation]( [Jayati Ghosh]( calls for measures to limit the damaging price volatility fueled by hedge funds and other financial traders. [Subscribe now to PS Digital]( Economics & Finance [From Great Moderation to Great Stagflation]( [Nouriel Roubini]( explains why the long era of low inflation, cheap imports, and consistent growth is now over. Politics & World Affairs [Xi Jinping’s Guns of August]( [Richard Haass]( asks why China’s president didn't simply ignore or downplay US House Speaker Nancy Pelosi’s visit to Taiwan. [Understanding the US-China Rivalry]( On Point [Understanding the US-China Rivalry]( [Edoardo Campanella]( considers the recent history, and worrisome future, of the Sino-American relationship. Politics & World Affairs [Why Taiwan Matters]( [Daron Acemoglu]( and [James A. Robinson]( see the island as evidence against culturally deterministic explanations of authoritarianism and democracy. Economics & Finance [Russian Gas Cuts Will Not Kill the German Economy]( [Daniel Gros]( shows that the data do not support the current gloomy narrative about the country’s prospects. [Will US-China Tensions Boil Over?]( The Big Question [Will US-China Tensions Boil Over?]( [Bonnie Glaser]( [Keyu Jin]( [Kevin Rudd]( and more assess whether the two superpowers can avoid a potentially catastrophic military conflict. Politics & World Affairs [What Does India Want from Russia?]( [Sushanta Mallick]( and [Brigitte Granville]( show how the Ukraine war is helping the country achieve significant – and advantageous – geopolitical autonomy. Politics & World Affairs [Modi’s Damaging Dominance]( [Shashi Tharoor]( acknowledges the Indian prime minister’s success at amassing power, but doubts he will ever use it wisely. [Howard Davies on forward guidance, the Volcker Rule, and more]( Say More [Howard Davies on forward guidance, the Volcker Rule, and more]( [Howard Davies]( fears that bringing the current bout of inflation under control will carry high costs, defends the UK Treasury from accusations that it is too powerful, and more. Economics & Finance [Getting Productivism Right]( [Dani Rodrik]( explains what it will take for a new economic-policy framework to replace four decades of neoliberalism. Economics & Finance [Make America Invest Again]( [Michael Spence]( hopes that legislation like the CHIPS and Science Act signals a much-needed shift in US policymaking. [Pandemic Unpreparedness]( PS Quarterly: New Rules [Pandemic Unpreparedness]( [Helen Clark]( thinks that, despite two years of COVID-19, the world is nowhere near ready for the next novel pathogen. Magazine commentaries are available only to PS Premium subscribers. Subscribe, upgrade, or log in to read. [Subscribe now to PS Premium]( 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. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [project-syndicate.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](