SVB, Bailouts, and How to Regulate Capitalism
            The SVB bailout has made me very mad. Not because it is a particularly egregious bailout. Compared to the 2008
        
     
    
                    
    
    
    
        No Future: Vladimir Mau, RANEPA, Kirilenko, and the End of the Technocratic Dream in Russia
            Suppose you are a reader of this blog/newsletter, and given that you are here, I assume you are. In
        
     
    
                    
    
    
    
        Russia's Spookification And North Koreanization PT 1
            This post is about Russian politics and ties together my thoughts over the past day, which I have already tweeted
        
     
    
                    
    
    
    
        What Makes an EM?
            Hi Readers,
As some of you know, I teach a course on economic policies in emerging markets at Tufts'
        
     
    
                    
    
    
    
        Problems of an American Industrial Strategy I: Kindleberger's Dilemma and the Development State
            Last week, I organized a conference on various dimensions of coordination in implementing an industrial policy as part of Berggruen&
        
     
    
                    
    
    
    
    
        A Few Thoughts on the War
            If you are a Russian reader or speaker, I highly recommend anything by Gleb Pavlovsky. Pavlovsky is a great observer
        
     
    
                    
    
    
    
    
        Public Options as Industrial Policy
            Ezra Klein published a column calling for a "liberalism that builds." More specifically, he endorsed Brian Deese'
        
     
    
                    
    
    
    
        Putin's Return? To What?
            On February 24, 2022, Russia’s forces launched a full-scale invasion of Ukraine.
That same day, many Russia watchers found
        
     
    
                    
    
    
    
    
        Economic Issues in Emerging Markets
            As requested on Twitter, here is my syllabus:
Course Schedule
 1. Concepts of Economic Growth
Reading:
Eva Szalay, “Pound Is
        
     
    
                    
    
    
    
        A quick note on inflation and price controls
            I am a loud and proud member of "team transitory"—I’ve argued that the recent
spike in