I was not all that impressed by the “day after” coverage of  Thailand’s capital controls in the financial press.     Everyone initially looked for parallels to 1997 – and signs that the most recen…

I made a New Year’s resolution to spend less time on this blog explaining why other people are wrong. But New Year’s resolutions are meant to be broken -- and some things just beg for intervention. …

Take a look at this Washington Post article by Jonathan Weisman, which the big blogs have justly pounced on. The initial framing of Weisman’s article is just way, way off. Social security in no way…

Privatizing (or eliminating) social security and eliminating the United States remaining barriers to trade fit together well in theory.   Both consistent with a philosophy of reducing the government'…

Sovereign wealth funds are hot.   A senior JP Morgan Chase banker, quoted in Time: "SWFs ... are the new 'it' girl of global finance. Everyone wants a piece of them."  Almost every investment bank …