A recent Cato event featured Richard Nephew of Columbia University, joined by Cato's Emma Ashford and John Glaser, who discussed the need to reevaluate how the United States utilizes sanctions, especially during a pandemic.
The 21st century will be a far better place if Washington and Beijing can prioritize cooperation over confrontation and avoid the destructive conflict that accompanied the last major transformations of the global balance of power.
The COVID-19 pandemic has pushed the economy into a deep recession. The crisis will also create lasting economic damage from the jump in debt as a result of higher federal spending and lower federal revenues. How much debt will the crisis add? Perhaps $6 trillion.
