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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September 14, 2004
Economics
Welcome to My Blog…
Welcome. I am Nouriel’s co-conspirator on several of his recent articles, and I’ll be adding my voice to this site as well.Obviously, Nouriel and I do not disagree on much. But we do have different…
September 14, 2004
United States
The US current account
Q2 current and capital account data came out today. At 166 billion, the Q2 current account deficit was $10 billion or so more than expected. Since the goods and service trade deficit for q2 was alrea…
September 20, 2004
Budget, Debt, and Deficits
Who is in more financial trouble: social security or the rest of the government?
There is a common sense that social security is bankrupt and people now in their 20s and 30s won’t get anything from it. That is false. Social security can fund all projected benefits until someti…
September 26, 2004
Capital Flows
Confronting Iran would be a lot easier if the Saudis had more spare capacity
David Sanger looks at Iran and North Korea’s nuclear ambitions in today’s New York Times. Sanger suggests it will be hard to stop Iran’s quest for nukes, no matter what the nature of Iran’s regime -…
September 29, 2004
Economic Crises
Bailouts or Bail-ins?
Roughly once a year, the managing director of the International Monetary Fund (IMF), the U.S. Treasury secretary, and, in some cases, the finance ministers of other G7 countries get a call from the f…
