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…
November 8, 2004
Buried deep within the Scott Kilman’s Monday WSJ article on rising food imports is the following gem:"Much of the Pepsi-Cola sold in the US is made from concentrate imported from places such as Irela…
December 10, 2004
United StatesThat’s the tag on p. C4 of the Wall Street Journal.The smart money -- and regular readers of this blog -- know that this is real question is not whether central banks are, in aggregate, dumping dolla…
December 16, 2004
There are two groups of investors that are massively overweight US assets: the world’s central banks, who still hold most of their reserves in dollars, and US domestic savers. US residents keep the …
January 2, 2005
Budget, Debt, and DeficitsTake 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…
March 4, 2005
Budget, Debt, and DeficitsThat is a phrase from the Washington Post’s oped on Social Security.I think it goes a bit too far, so I want to dispute the "undisputed unaffordability" of Social Security.I do not dispute that there…