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April 7, 2015

Politics and Government
Campaign 2016: Senator Rand Paul, GOP Presidential Candidate

Is America ready for a "Libertarian-ish" president? We are about to find out. Today Senator Rand Paul (R-KY) formally announced his presidential campaign, making him the second Republican candidate, …

Rand Paul Announcement

June 27, 2008

Monetary Policy
Does the Fed’s mandate now extend to Beijing, Moscow and Riyahd?

The Financial Times, in a leader, says yes. If there were a Central Bank of the World its monetary policy committee would glance at today’s inflation rates and expectations of future inflation and …

February 10, 2009

Financial Markets
Toxic banks or toxic assets?

Two weeks ago, George Soros memorably framed the core choice the US now faces as a choice between buying toxic assets or taking over toxic banks. “The hard choice facing the Obama administration is …

January 18, 2017

China
China’s WTO Entry, 15 Years On

Late last year Tim Duy asked for an assessment of the decision to allow China to join the WTO, now that 15 years have passed. Greg Ip met the call well before I did, in a remarkable essay. But …

china-intervention-reserve-accumulation

July 20, 2007

Financial Markets
Oil and the dollar

Oil is once again quite strong.    Last summers’ rally was driven in part by a rise the geopolitical risk premium.   This summers’ rally seems a product of both strong global growth and relatively re…