Lawrence Summers

After the Russian invasion of Ukraine, a series of economic sanctions were imposed on Russia by multiple countries, including the US and the European Union. These sanctions targeted Russian individuals and entities, along with finance, aerospace, and other industry sectors. Consequently, certain assets located abroad were frozen and rendered inaccessible to Russians. While assets are frozen as a punitive or preventive measure to change behavior or deter aggression, there are legal and ethical implications that may unfold if assets are…

Economic inequality has become a linchpin of modern politics. As nations around the world face a reckoning on racial and social justice and work to combat the economic impacts of the pandemic, we ask: Is it time to redistribute the wealth? Should we address growing inequality by overhauling our tax system, expanding our social safety nets, and investing more in public initiatives like universal health care, education, and infrastructure? Or would a wealth transfer unduly punish the economic elite, destroy…