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…
October 25, 2004
EconomicsPresident Bush was asked to name three mistakes he had made. He declined, other than to hint that perhaps he had hired a couple of people he should not have (Paul O’Neill, I suspect he meant you). …
November 13, 2004
Budget, Debt, and DeficitsThis post is primarily about the implications of partial privatization of social security on the budget, not about its overall merits. For what it is worth, I personally think good old pay-as-you-go …
November 18, 2004
That is the classic view of the role of the central bank. It extends beyond using monetary policy to prevent "overheating" and price inflation. Most central bank regulate the banking system, and si…
November 20, 2004
Politics and GovernmentFor 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…
November 23, 2004
Isn’t that what leaving any increase in deficit associated with partial privatization of social security off the books implies?Bush’s formula on the dollar in Santiago emphasized the need to control …