Richard Haass for PS On Point: Revisiting America's War of Choice in Iraq

Is a New Financial Crisis Underway? Harold James, Simon Johnson, Stephen S. Roach, Kenneth Rogoff, and Anne C. Sibert weigh in for PS Big Question. [View this message in a web browser]( [PS On Point]( MARCH 17, 2023 Two decades after the United States invaded Iraq and removed Saddam Hussein, there is still no doubt that the war was a bad decision, badly executed. America and the world are still living with the consequences, writes Richard Haass, President of the Council on Foreign Relations. [Read more](. Is a New Financial Crisis Underway? In a new Big Question, Harold James, Simon Johnson, Stephen S. Roach, Kenneth Rogoff, and Anne C. Sibert assess the scale of the risks posed by the biggest US bank failure since 2008. [Read more](. [PS Longer Reads: Revisiting America's War of Choice in Iraq]( [Revisiting America's War of Choice in Iraq]( By Richard Haass Wars are fought not only on the battlefield but also in domestic political debates and in histories written after the fact. In the case of the US invasion of Iraq 20 years ago, we are still in this final phase, seeking an elusive consensus about the war's legacy. [Read more]( [PS. Subscribe to PS Premium now to secure your copy of PS Quarterly: Paradigm Shifts.]( [PS Big Question: Is a New Financial Crisis Underway?]( [Is a New Financial Crisis Underway?]( with Harold James, Simon Johnson, Stephen S. Roach, Kenneth Rogoff, and Anne C. Sibert The US government’s pledge to do “whatever is needed” to protect the banking system after Silicon Valley Bank’s collapse last week did little to reassure markets, which have continued to slide. At a time when the US Federal Reserve is considering further interest-rate hikes to tame inflation, we asked PS commentators how bad things are likely to get, for the US and the world. [Read more]( [PS Quarterly: A New Economic Policy Playbook]( [A New Economic Policy Playbook]( By Isabella M. Weber We are living in a world of overlapping emergencies – climate change, a pandemic, mounting geopolitical tensions – and more shocks are sure to come. Policymakers need to be prepared to react before the next one unleashes widespread inflation once again, and interest-rate hikes are not the answer. [Read more]( [PS Global Bookmark: The Sense of an Ending]( [The Sense of an Ending]( By James Livingston Three recent books combine theoretical sophistication and historical method in ways that enable us to rethink majority rule and thus re-imagine the future of democracy. And the most searching of the three calls into question whether that future is compatible with capitalism as we have come to know it. [Read more]( [PS. Register now for our next event, What Economics Is Missing.]( [Facebook]( [Twitter]( [LinkedIn]( 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](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.