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November 6, 2005

Economics
What risks should the American workforce assume in a more global economy?

Sebastian Mallaby had an interesting column in last Monday's Washington Post.   Mallaby highlights what he calls the biggest economic argument of the day -- namely, what role does the government have…

February 13, 2006

Monetary Policy
It is back. Bretton Woods 2 (central bank financing of the US)

Some would say it never really went away.Emerging market economies did not stop accumulating reserves in 2005.  Best I can tell, adjusting for valuation effects and including all the foreign assets o…

October 3, 2006

Monetary Policy
Bretton Woods 2 lives

The IMF released its data on global reserve growth on Friday.   And – to no one’s real surprise – the IMF data indicated that there is one key reason why capital flows uphill in today’s global econom…

March 27, 2006

United States
Good thing Michael Mandel read my 2004 paper, not my 2005 paper -

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the contin…

April 30, 2015

Vietnam
The Vietnam War in Forty Quotes

Last month, I did a series of posts commemorating the fiftieth anniversary of the arrival of U.S. combat troops in Vietnam on March 8, 1965. Today marks another significant date in the Vietnam War: t…

Johnson-Announcement