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February 3, 2021

Cybersecurity
Time to End the Dual Hat?

Following the SolarWinds breach, there have been renewed calls for the end of the dual-hat authority that governs the National Security Agency and U.S. Cyber Command.

Lieutenant General Paul Nakasone, head of the National Security Agency and US Cyber Command.

August 2, 2012

Monetary Policy
Benchmarking the Fed’s Dual-Mandate Performance

The Fed has a dual mandate to pursue price stability and maximum employment.  How should these be defined?  In January, the Fed set itself a long-run inflation target of 2%, while in June the midp…

Benchmarking the Fed’s Dual-Mandate Performance

November 28, 2016

China
China’s Dual Equilibria

A couple of weeks ago, Daokai (David) Li argued that the “right” exchange rate for China isn’t clearly determined by China’s fundamentals. Or rather that two different exchange rates could prove to b…

September 14, 2012

United States
Egypt: Mohammed, KFC, and US

I have been traveling most of this week, watching events in the Middle East unfold from the American heartland.  The reaction among many of the people there was a mix of shock, anxiety, and fear.  Th…

EgyptMohammedKFCandUS