World
Defining Bidenomics
Industrial policy, labor, and the New Cold War
A new American industrial policy—“Bidenomics”—has arrived, consisting of the Inflation Reduction Act (IRA), the Infrastructure, Investment and Jobs Act, and the CHIPS and Science Act. The proclaimed goals of Bidenomics are to propel a green energy transition to confront climate…
August 23, 2023
AnalysisCoercion and Inequality
The distributional effects of sanctions in Iran
“Plumbing” is an oft-used metaphor for understanding how sanctions work. Sanctions are intended to stop the flow of money to the targeted government; reserves are frozen, trade is blocked, export revenues dry up, and government budgets are drained. Even the…
Hockey Sticks and Crosses
Images that define the globalization debate
Images that define the globalization debate
August 23, 2019
Analysis
Statistical prediction is increasingly pervasive in our lives. Can it be fair? The Allegheny Family Screening Tool is a computer program that predicts whether a child will later have to be placed into foster care. It's been used in Allegheny…
October 10, 2018
AnalysisWho cares about stopping rules?
Can you bias a coin?
Take a coin out of your pocket. Unless you own some exotic currency, your coin is fair: it's equally likely to land heads as tails when flipped.