This Is How Trump Will Smash the Machine of U.S. Economic Power

Economic security officials worked across administrations, gradually developing grand ambitions of a global order founded on financial sanctions, export controls and development of crucial technologies. Each new administration built up the economic weapons it inherited from the last and encouraged its successors to keep building the structures of American economic power. We are about to find out what happens when those structures are controlled by a disruptive administration — and what happens when that administration inherits the weapons without the accompanying sense of responsibility.

Read the full article in the New York Times.

Other Writing:

Academic Article

Analytical Democracy: A Microfoundational Approach – with Hugo Mercier and Melissa Schwartzberg

Henry Farrell, Hugo Mercier and Melissa Schwartzberg (2023), “Analytical Democracy: A Microfoundational Approach,” American Political Science Review. 117,2:767-772. A prominent and publicly influential literature challenges the quality of democratic decision making, drawing on political science findings with specific claims about the ubiquity of cognitive bias to lament citizens’ incompetence. A competing literature in democratic theory ...
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Essay

A More Imperfect Union: On the European Central Bank

How a central bank created to exist apart from politics got drawn into bitter political arguments. In September, the European Central Bank announced that it had taken decisions on a “number of technical features regarding the Eurosystem’s outright transactions in secondary sovereign bond markets.” The ECB did all it could to make these decisions sound ...
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