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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December 6, 2005
United States
Alan Greenspan, financial globalization, home bias and central bank reserves
The very last paragraph of Alan Greenspan's last speech on global imbalances seems to have generated the majority of the press that came out of his London speech on global imbalances. I kind of lik…
March 22, 2024
United States
Election 2024: Are Americans Turning Isolationist?
Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Much like talk of Mark Twain’s death, claims that Americans are turning their back on the world are…
August 24, 2005
Financial Markets
Is Alan Greenspan encouraging moral hazard in … China?
Listen to one Chinese fund manager in this morning's Wall Street Journal: "Mr. Zhu (who helps manage US dollar investments for the Bank of China) expresses confidence in the US dollar and the health…
March 8, 2024
United States
Campaign Roundup: Joe Biden Makes the Case for Ukraine Aid
Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: President Joe Biden used his State of the Union Address to urge Congress to provide military aid to…
October 13, 2023
United States
Happy 248th Birthday, U.S. Navy!
The U.S. Navy marks 248 years of service.
June 15, 2023
United States
The History and Future of the Federal Reserve’s 2 Percent Target Rate of Inflation
The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?
