Harold James: Inflation Destroys Rotten Governments

with Jayati Ghosh, José Antonio Ocampo, Joseph E. Stiglitz, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( NOVEMBER 26, 2023 This week at [Project Syndicate]( Takatoshi Ito argues that the biggest risks to China’s economic prospects are homegrown; Pinelopi Koujianou Goldberg explains how Nobel laureate Claudia Goldin’s work has made the economics discipline more relevant to policymakers worldwide; Harold James reminds us how efficiently inflation can topple governments; and more. Economics & Finance [China’s Self-Inflicted Economic Wounds]( [Takatoshi Ito]( thinks President Xi Jinping bears considerable responsibility for the country’s sharply slowing income growth. Economics & Finance [What Economics Was Missing]( [Pinelopi Koujianou Goldberg]( highlights two especially relevant insights from the recipient of this year’s Nobel Prize. [PS Black Friday Sale: Take $50 off all new subscriptions.]( Economics & Finance [Inflation Destroys Rotten Governments]( [Harold James]( explains why price instability poses such an acute threat to authoritarian and incompetent regimes. Economics & Finance [Put the UN in Charge of International Taxation]( [Jayati Ghosh]( [José Antonio Ocampo]( and [Joseph E. Stiglitz]( urge support for a developing-country initiative to reform the current unfair and inefficient system. [PS Longer Reads: Our Megathreatened Age]( [Our Megathreatened Age]( [Nouriel Roubini]( predicts a bright future – if we can survive the next few decades of economic instability and political chaos. Economics & Finance [The Risks to India’s Rise]( [Anne O. Krueger]( warns that, unless Narendra Modi’s government changes course, the country will not reach its potential. Economics & Finance [Europe's 15-Year Slump]( [Yanis Varoufakis]( explains why the European Union has fallen behind the United States and China since the 2008 financial crisis. [PS Big Picture: Is the Two-State Solution Back?]( [Is the Two-State Solution Back?]( [Carl Bildt]( [Anne-Marie Slaughter]( and [Raja Khalidi]( explain why the two-state solution remains the best option for Israel-Palestine. Economics & Finance [Is Industrial Policy Like Vitamin C or Penicillin?]( [Ricardo Hausmann]( considers whether such interventions should be regular and modest, or used sparingly for specific purposes. Economics & Finance [The Two-State, Two-Economy Solution]( [Raja Khalidi]( says that the prerequisite for a lasting political solution in Israel-Palestine hasn't changed in 35 years. [PS Read More: Holiday 2023 Reading List]( [Holiday 2023 Reading List]( PS editors highlight recent works by PS contributors that belong on your holiday shopping list. Economics & Finance [The Monopolists Fight Back]( [Eric Posner]( examines the tech industry’s response to the overdue return of antitrust enforcement in the United States. Smart Development [What to Do About Ukraine’s Brain Drain]( [Giacomo Anastasia]( and [Tito Boeri]( explain how the country can restore lost human capital after the war ends and reconstruction has begun. [Prague Media Point: For journalists, media professionals, and scholars.]( 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](