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April 1, 2011

Congresses and Parliaments
Is Operation Odyssey Dawn Constitutional? Part IV

  In my posts on the constitutionality of Operation Odyssey Dawn I have looked at what the Framers said about the war power, what proponents of an independent presidential war-making authority bas…

Supreme Court

May 30, 2008

Financial Markets
Risk wasn’t dispersed

Peter Fisher (Blackrock, formerly of the Treasury and the New York Federal Reserve) as quoted by the Wall Street Journal’s David Wessel: “The idea of risk dispersion is nice in theory, but in pract…

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June 12, 2006

United States
Calculation envy - the last US owned Treasury bill will be bought by the People’s Bank in 2012 …

Niall Ferguson had a big weekend.   His article on the United States’ propensity to go into debt gets published in the New York Times Magazine.  He compares the US economy to a dinosaur named debtlod…

December 18, 2015

Terrorism and Counterterrorism
Campaign 2016 Friday Foreign Policy Roundup: Democrats and Republicans Have Different Priorities

In a post last week, I noted that polls showed that terrorism has jumped up the priority list for voters and wondered whether it troubled Democrats and Republicans equally. The poll I looked at last …

SanBernardino-HalfStaff-617-392

October 2, 2006

United States
Daniel Gross is right …

The increase in the interest bill of the US government is an underreported story.   The CBO reports that FY 2006 interest payments will be about $40b more than FY 2005 payments.  And that trend is se…