Since the Supreme Court ruled last week on the Affordable Care Act (ACA), there has been a stream of speculation that the ruling will deeply undermine future federal efforts to strengthen environment…

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the contin…

There is an awful lot of interest going on in the world -- whether today's rise in long-term treasury yields, the dollar's new lows v the euro and Canadian dollar, the rise in Chinese money market ra…