I sometimes find grand geostrategic commentary a bit amusing, in part because there is so little overlap between geostratists and economists. I think Tom Barnett gets some aspects of the global flo…

Deficits really don’t matter, at least in some circlesBush said earlier this week that he would not rule out paying those transition costs by raising the current wage cap of $90,000 that can be taxed…

Or, for that matter, Icelandic krona and Turkish lira … Borrowing at 1%, maybe less, in a depreciating currency, and buying an appreciating currency that pays 12.4% or so is pretty good business.  Th…