Mohamed A. El-Erian: There Is More Inflation Complexity Ahead

with Dani Rodrik, Anders Åslund, Anita Zaidi, Mamta Murthi, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( FEBRUARY 12, 2023 This week at [Project Syndicate]( Mohamed A. El-Erian warns against assuming that US inflation cannot ramp up again; Dalia Marin explores the roots of Germany’s growing economic angst; Daron Acemoglu and Simon Johnson explain why programs like OpenAI's ChatGPT could be a disaster for workers, consumers, and investors; and more. Economics & Finance [There Is More Inflation Complexity Ahead]( [Mohamed A. El-Erian]( assesses the likely trajectory of the American economy and warns of simplistic "soft landing" narratives. Economics & Finance [German Deindustrialization Is Still Looming]( [Dalia Marin]( looks beyond surprisingly strong recent indicators and sees a cliff edge ahead for the country’s exporters. [PS Winter Sale: Save 25% on a new Digital or Digital Plus subscription.]( Innovation & Technology [What’s Wrong with ChatGPT?]( [Daron Acemoglu]( and [Simon Johnson]( worry that the technology will be deployed to replace, rather than empower, humans. Politics & World Affairs [Stealing Russia]( [Anders Åslund]( shows how the war is redistributing massive wealth and resources to President Vladimir Putin and his cronies. [PS Longer Reads: Decolonizing Global Finance]( [Decolonizing Global Finance]( [Hippolyte Fofack]( proposes fundamental reforms to correct for the Bretton Woods system's structural birth defects. Economics & Finance [Dollar Relief in 2023]( [Gene Frieda]( explains why declining inflation will bring the world's primary reserve back down to earth this year. Innovation & Technology [The Knowledge Mismatch]( [Dani Rodrik]( emphasizes the importance of understanding the conditions under which new ideas and technologies are useful. [PS Big Question: What Lies Beyond the AI Tipping Point?]( [What Lies Beyond the AI Tipping Point?]( [Andrea Komlosy]( [Sami Mahroum]( [Stan Matwin]( and [Gabriela Ramos]( assess the artificial-intelligence revolution heralded by the popular and investor response to ChatGPT. Economics & Finance [Putting America’s Debt in Its Place]( [Barry Eichengreen]( argues that every element of congressional Republicans' narrative of impending crisis is wrong. Economics & Finance [Could These Two Trends Save Britain?]( [Jim O'Neill]( sees a pair of economic developments that could deliver a welcome surprise – if policymakers pay attention. [PS Say More: Sergei Guriev on Putin, populism, Chinese repression, and more]( [Sergei Guriev on Putin, populism, Chinese repression, and more]( [Sergei Guriev]( assesses the strength of Putin's grip on power, predicts that Xi Jinping’s embrace of personalist rule will lead to policy missteps, and more. Smart Development [Preparing Now for the Next Health Emergencies]( [Mamta Murthi]( urges governments to invest in resilient systems of prevention and care to soften the blow of future crises. Smart Development [A Blueprint from India for Women’s Economic Empowerment]( [Anita Zaidi]( touts the country’s self-help groups as a model for boosting women’s economic prospects and personal agency. [PS. Sign up to our On Point newsletter for the latest subscriber-exclusive content.]( 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](