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October 21, 2008

China
The end of Bretton Woods 2?

In late 2004, Nouriel Roubini and I wrote that “the tensions created [by the Bretton Woods 2 system] are large, large enough to crack the system in the next three to four years.” In a 2005 Wall Stre…

December 28, 2011

Politics and Government
Ten Who Will Be Missed

A worker installs some of the 288 new Waterford crystals on the Times Square New Year's Eve Ball. (Mike Segar/courtesy Reuters) Year’s end is time for taking stock, to count up successes and assess …

A worker installs some of the 288 new Waterford crystals, featuring this year’s ’Let There Be Friendship’ design, on the Times Square New Year’s Eve Ball atop One Times Square in New York December 27, 2011. Thousands are expected to pack Times Square on New Year’s Eve to watch the annual ball drop at midnight marking the beginning of 2012. REUTERS/Mike Segar

September 1, 2005

Economics
Some thoughts on Katrina and the economy

I understand the reasoning behind the standard argument that big storms have less impact on an economy - particularly a large and diverse economy - than one would expect looking at the scale of the d…

July 8, 2011

Budget, Debt, and Deficits
Friday File: Brinkmanship on the Debt Ceiling

The National Debt Clock hangs on a wall next to an office for the Internal Revenue Service near Times Square in New York, May 16, 2011. (Chip East/courtesy Reuters) Above the Fold. They say that if …

The National Debt Clock hangs on a wall next to an office for the Internal Revenue Service near Times Square in New York, May 16, 2011.