Chrystia Freeland

Chinese authoritarianism does not guarantee prosperity

By Chrystia Freeland
October 21, 2010

On a recent trip to Hong Kong Chrystia recorded a podcast for the American Chamber of Commerce in China, about an op-ed she published in the Washington Post this summer that critiqued China’s economic system of state capitalism.  Chrystia, invoking a recent speech from Mike McFaul of the National Security Council, tells the Chamber that while the Chinese system succeeded in raising the country out of the lowest rungs of poverty, there is no historical evidence that suggests it can turn China into a rich nation:

Bread and circuses—but real issues, too

By Chrystia Freeland
October 15, 2010

As the U.S. mid-term elections approach, it is easy to despair about the quality of this country’s political debate. Christine O’Donnell, the surprise Tea Party-backed Republican candidate for the Senate seat in Delaware, has captured the nation’s attention with her opposition to masturbation and a campaign ad in which she assures voters that she is neither a witch nor a graduate of Yale University. Here in New York, Buffalo businessman Carl Paladino, running for the governor’s office, has made his contribution to the carnival atmosphere by discussing his rival’s “prowess” and urging reporters to investigate whether he was a faithful husband.

Inflation is inevitable counters Wolfensohn

By Chrystia Freeland
October 12, 2010

While Laura Tyson thinks America has no intention to inflate away its debt, former World Bank President Jim Wolfensohn said in an interview today he believes inflation and a devaluation of the dollar are “inevitable”:

‘We can’t inflate our way to prosperity’

By Chrystia Freeland
October 12, 2010

“There is no other policy tool available [besides quantitative easing],”‘ Laura Tyson, a former chairwoman of the Council of Economic Advisors, said at this morning’s Reuters/YouTube live debate on how to fix the economy. Tyson argues that additional Fed purchases of long-term bonds is the most viable way to energize the U.S. economy since a new fiscal stimulus bill is unlikely to pass Congress:

Live Event: Can we fix the economy?

By Chrystia Freeland
October 11, 2010

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Reuters Global Editor-at-Large Chrystia Freeland teams up with YouTube to bring you the first-ever live debate between two of the most influential economists of the past decade, and possibly the next:

Plugging into the age of uncertainty

By Chrystia Freeland
October 7, 2010

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For most of the past century, the big global narrative has been the clash of rival paradigms: Nazism versus liberal democracy, communism versus free market democracy, and, more recently, fundamentalist Islamic states versus the secular, democratic west. When the cold war ended, Francis Fukuyama predicted that this clash of paradigms would end. He was right, but not for the reason he thought.

Summers says currency interventions rarely end well

By Chrystia Freeland
October 7, 2010

“When governments seek to manipulate exchange rates for competitive advantage, it rarely ends well,”  White House economic adviser Larry Summers said at the Yalta European Strategy Annual Meeting this past weekend.

Stiglitz says Fed policy is competitive devaluation

By Chrystia Freeland
October 7, 2010

U.S. monetary policy is flooding the world with cheap liquidity, Nobel Prize-winning economist Joseph Stiglitz said at the Canadian Consulate’s “Invest in Canada” luncheon yesterday. Our current policy, he explained, acts as a competitive devaluation against emerging-market currencies. Stiglitz added that he is worried about the prospect of a currency war but conceded that there’s not anything we can do about it.

IMF head: renminbi is very undervalued

By Chrystia Freeland
October 6, 2010

The Chinese renminbi is “substantially undervalued,” IMF Managing Director Dominique Strauss-Kahn said at the Yalta European Strategy Annual Meeting. But, he added, too often that’s used as an excuse by rich countries to postpone structural reforms that would restore competitiveness:

Video: Steve Rattner says government rescues worked

By Chrystia Freeland
October 1, 2010

In an exclusive video interview, Ex-Car Czar Steven Rattner tells Chrystia Freeland that without government intervention via TARP the economy would be ”dust.”