Generative artificial-intelligence models like ChatGPT will revolutionize the economy, though no one can say when COMMENT | BARRY EICHENGREEN | The first rule of forecasting, the financial journalist Jane Bryant Quinn once observed, is this: give them a forecast or give them a date; just never give them both. So, here’s …
Read More »What can replace the dollar?
By Barry Eichengreen The US debt-ceiling fiasco has raised doubts about the advisability of holding dollars, while Europe’s debt crisis has fueled doubt on the euro’s survival. For more than a half-century, the US dollar has been not only America’s currency, but the world’s as well. It has been the …
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