Brad DeLong and the folks over at Angry Bear have already beat up on this rather ridiculous Donald Luskin argument that the US does not take on debt when it runs a trade deficit.   I hardly need to …

Dan Drezner and David Altig are waxing enthusiastic about China's decision to allow domestic banks to trade the RMB forward - a development that in theory will help Chinese firms to better "hedge" th…

I agree with Mark Thoma more often than naught.   I certainly share his concern about the shifting sectoral composition of output (translated from economese to English, more jobs in housing), and, li…

Andrew Lo of MIT apparently thinks so.  His work provided the basis for this New York Times article by Mark Giben, an article that probably will attract less attention today than it would in more tra…