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Simon JohnsonProject Syndicate |
WASHINGTON, DC/BERKELEY—The closure of the Strait of Hormuz is having devastating consequences worldwide. The price of oil is up sharply, liquefied...
WASHINGTON, DC – The purpose of international sanctions is to impose economic pain on an adversary. If you are the United States, you do this by...
US President Donald Trump and his Treasury Secretary, Steven Mnuchin, have promised an economic miracle. They argue that when the United States adopts...