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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

April 7, 2015

Politics and Government
Campaign 2016: Senator Rand Paul, GOP Presidential Candidate

Is America ready for a "Libertarian-ish" president? We are about to find out. Today Senator Rand Paul (R-KY) formally announced his presidential campaign, making him the second Republican candidate, …

Rand Paul Announcement

May 19, 2013

Military Operations
The AUMF and America’s Forever War

See below for the most important and alarming sections from Thursday’s Senate Armed Services Hearing with senior civilian and military officials on the Pentagon’s interpretation of legal authorities …

August 21, 2015

Elections and Voting
Campaign 2016: John Kasich, GOP Presidential Candidate

Ohio holds the title of “Mother of Presidents.” Eight of them were born, raised, or lived in Ohio at the time of their election. But the last president to hail from Ohio was Warren G. Harding, who wa…

hio Governor John Kasich formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally in Columbus, Ohio July 21, 2015.

March 15, 2013

Politics and Government
Hello, Xi Jinping: President of China

Good news comes in threes. Just ask Xi Jinping. Back in November he was named Secretary General of the Communist Party of China and Chairman of China’s Central Military Commission. Yesterday he picke…

Xi Jinping at a meeting in Beijing on December 27, 2012 (Wang Zhao/Courtesy Reuters).