11 April 2018

Things Keep Getting Worse. Time for a Total Reset?

This essay will be forthcoming in a book published by the Reinventing Bretton Woods Committee. It argues that monetary, fiscal and regulatory policies have all been conducted without adequate consideration being given to their longer run consequences. Policies should try to deliver not only material increases in well being, but also increases that are sustainable and benfit the many and not just the few. To acheive such policy outcomes, we must reform both the domestic and international institutional structures that condition such policies.

Things keep getting worse