It has been a calamity for the United States that, when two national tragedies – the COVID-19 crisis and the country’s legacy of racism – collided this spring, the occupant of the White House was an unstable person, totally unfit to govern.

Responding to The Economist’s editorial, “The Great Deceleration,” Fernando Menéndez calls for an end to “the tired old muddle of warmed-over Keynesian” analysis; instead, encouraging a more sophisticated approach with a new perspective to analyze emerging economies.