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Jeffrey D. Sachs
By Jeffrey D. Sachs - Jul 04,2015
The Greek crisis is a tragedy for the country and a danger for the world economy.Germany is demanding that Greece continue to service its debts in full, even though Greece is clearly broke and the International Monetary Fund (IMF) has noted the need for debt relief.The collision
By Jeffrey D. Sachs - Jun 18,2015
After months of wrangling, the showdown between Greece and its European creditors has come down to a stand-off over pensions and taxes.Greece is refusing to acquiesce to demands by its creditors that it cut payments to the elderly and raise the value-added tax on their medicine a
By Jeffrey D. Sachs - Jun 13,2015
This week’s G-7 meeting at Schloss Elmau in the Bavarian Alps marked a major breakthrough in climate-change policy.The seven largest high income economies (the United States, Japan, Germany, the United Kingdom, France, Italy and Canada) made the revolutionary decision to decarbon
By Jeffrey D. Sachs - Jun 06,2015
Ours is a world of impunity.
By Jeffrey D. Sachs - Apr 26,2015
The nuclear framework agreement between Iran and the five permanent UN Security Council members (the United States, the United Kingdom, France, China and Russia) plus Germany is an important achievement in global diplomacy. The deal announced earlier this month represents the tr
By Jeffrey D. Sachs - Apr 21,2015
ExxonMobil’s current business strategy is a danger to its shareholders and the world. We were reminded of this once again in a report of the National Petroleum Council’s Arctic Committee, chaired by ExxonMobil CEO Rex Tillerson. The report calls on the US government
By Jeffrey D. Sachs - Mar 24,2015
One year ago, I was in Brazil to launch the Brazilian chapter of the United Nations Sustainable Development Solutions Network (SDSN), an initiative of UN Secretary General Ban Ki-moon. The main message I heard that day was that São Paulo was suffering from a mega-drought,
By Jeffrey D. Sachs - Feb 01,2015
The European Central Bank (ECB) has finally launched a policy of quantitative easing (QE).
By Jeffrey D. Sachs - Jan 19,2015
The purpose of the global financial system is to allocate the world’s savings to their most productive uses. When the system works properly, these savings are channelled into investments that raise living standards; when it malfunctions, as in recent years, savings are cha
By Jeffrey D. Sachs - Dec 01,2014
Two schools of thought tend to dominate today’s economic debates. According to free-market economists, governments should cut taxes, reduce regulations, reform labour laws, and then get out of the way to let consumers consume and producers create jobs. According to Keynes

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