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November 20, 2004

Politics and Government
Optimist or Ostrich?

For those who want dispassionate economic analysis devoid of politics, read no further. Wait for my next dollar post. This is a center-left response to the Lexington column in this week’s Economist…

March 4, 2005

Emerging Markets
A few lessons for Mary Anastasia O Grady

I do not expect to consistently agree with the oped page of the Wall Street Journal. But I do not think it is too much to ask that the columnists on oped page of the Journal try to square their argu…

May 8, 2005

Capital Flows
Is the balance of financial power shifting?

The IMF has about $200 billion that it can lend out. About $75 b is currently lent out, mostly to Brazil, Turkey and Argentina (data link), leaving a bit over $100 billion that could be lent out in …

June 7, 2005

China
Creditors, Debtors, Partners, Strategic Rivals, Mallaby, Pesek

Sebastian Mallaby is tired of the US blaming China for its own problems -- and notes, correctly, that the US hasn’t been terribly responsive to international criticism of its own policies.But who doe…

June 21, 2005

Emerging Markets
Fantasy based opeds in the Wall Street Journal

The Wall Street Journal oped page clearly has discovered the joys of post-modernism. Facts are a social construction -- and inconvenient facts can be changed to fit your preferred narrative.That is…