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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July 12, 2005
United States
Don’t worry, be happy. Trade deficits do not matter so long as US household wealth is rising
Michael Mandel thinks I am making a big mistake, albeit a very, very common one - worrying about rising US external debt rather than celebrating rising US household wealth. Brad is making the very…
August 1, 2005
China
Summarizing China in one paragraph …
is hard, but James McGregor gave it a go in the Sunday Washington Post: It is difficult to overstate the transformation that has swept China in the past 15 years. To frame it in terms of comparable h…
December 19, 2005
China
The Chinese conundrum: External (financial) strength, domestic (financial) weakness
I disagree with Michael Mandel on the US current account deficit - I think it is a concern, he doesn't. We also disagree on the US fiscal deficit. He doesn't think it is a big problem; I disagree…
January 13, 2006
United States
On the origins of dark matter
Stephen "Current accounts almost always don't matter" Jen is intrigued by Ricardo Hausmann and Fredrico Struzenegger's discovery of dark matter. Lots of others are too. Michael Mandel for one. Se…
February 5, 2006
United States
Is national income accounting biased against the US?
In a fake news classic, Rob Corddry and Jon Stewart of the Daily Show once pondered how to report "the facts" when "the facts themselves were biased." Michael Mandel seems to think the facts are bia…