Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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October 8, 2004
Capital Flows
Find a way to spend the $18 billion in Iraq!
I have a certain interest in the topic, since in my first and so far only foray into oped writing, I supported the Bush Administration’s call for $20 billion in US grant aid for Iraq (in the end, con…
March 22, 2006
China
Stephen Roach is well worth reading today
Roach has access to a slightly higher level of policy makers than either the author - or I suspect most of the readers - of this blog. Particularly in China. He didn't learn of Wen's critique of …
May 24, 2006
Monetary Policy
Martin Feldstein is right
Felstein has argued that more “competitive” dollar would contribute to reducing the US trade deficit, and at least help to slow the rise in the US current account deficit. I agree – though I would t…
August 5, 2007
Budget, Debt, and Deficits
Taxing the kings of private equity like the rest of us
Cheers to the New York Times, the Financial Times, the Economist, Charlie Rangel, Robert Rubin, Alan Blinder, Paul Krugman, Warren Buffet (I think it is implied here), Bill Gross, Greg Mankiw (extr…
December 14, 2008
Capital Flows
Sovereign loss funds ...
Ok, my title is a more-than-a-bit unfair. But sovereign wealth funds are fundamentally vehicles for investing central bank reserves -- or Treasury reserves from surplus oil revenue -- in equities …