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February 15, 2006

Economics
Mandel v. Setser. Round two. More on intangible exports and dark matter

I was rather busy last week, so I was not able to respond immediately to Michael Mandel's response to my response to his Business Week cover story - and now Micheal Mandel is shooting for slightly bi…

May 19, 2013

Military Operations
The AUMF and America’s Forever War

See below for the most important and alarming sections from Thursday’s Senate Armed Services Hearing with senior civilian and military officials on the Pentagon’s interpretation of legal authorities …

July 26, 2005

Europe
Mining European data

I spent some time over the weekend delving into the Eurozone balance of payments data published by the ECB in its monthly bulletin, looking for insights into the global flow of funds. But to jazz thi…

September 29, 2005

Financial Markets
Has the IMF been asleep at the wheel, and ignored surveillance of exchange rates?

Tim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…

April 3, 2006

China
Grassley-Baucus-Adams? And (another) long rant about the Economist …

The Treasury doesn't want to declare China to be guilty of manipulation.   Picking a fight with one of your biggest creditors isn't smart.  Right now, no one is buying more US debt (China buys a lot …

Grassley-Baucus-Adams?  And (another) long rant about the Economist …