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July 5, 2012

Military Operations
How the Obama Administration Justifies Targeted Killings

Despite almost ten years of operations and nearly four hundred airstrikes that killed an estimated three thousand people (both militants and civilians), both the Bush and Obama administrations have p…

Holder Northwestern

December 18, 2007

United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)

Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…

setser_gross_private_flows_01

July 16, 2015

Elections and Voting
Campaign 2016: Governor Scott Walker, GOP Presidential Candidate

Twelve Americans have become president without having earned a college degree. (Two of them are on Mount Rushmore.) Wisconsin Governor Scott Walker, who studied at Marquette University but left befor…

Wisconsin Governor Scott Walker formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally in Waukesha, Wisconsin, July 13, 2015.

July 30, 2007

Monetary Policy
The shift toward sovereign wealth funds: the policy debate

Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds.   Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…