Keep Economic Tools Out of Foreign Policy: Allison Schrager

Democrats and Republicans may have very different ideas about taxes and spending, but at least they’re pretty much agreed on economic growth: It is no longer something to strive for. Instead, it is a benefit to be offered as a reward or withheld as a punishment.

Gone are the days, not so long ago and not only in the US, when shared growth and prosperity were understood to be a worthy goal. I am an economist, so I mourn this loss, unfashionable as that may be. And I predict that the rest of the world will eventually look back wistfully ...