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…
January 10, 2005
United StatesKevin Drum brought the latest National Review "trade deficits do not matter" article to my attention today. I learned a few things, namely that Steven Roach is part of a media misinformation campaig…
January 12, 2005
Budget, Debt, and DeficitsBy the President’s definition, Social Security is bust because it can only pay about 80% of promised benefits with dedicated revenues in 2053, after the trust fund is exhausted in 2052, and only 75% …
January 28, 2005
EconomicsI leave it to others to assess how well the Bush Administration’s rhetoric on expanding freedom stacks up against the results it has achieved. I am confident the Bush Administration’s rhetoric to re…
February 2, 2005
Budget, Debt, and DeficitsI have discussed at length the support for the Treasury market provided by foreign central banks.But that is only part of the story. I have also alluded to the role played by Treasury’s debt manageme…
February 8, 2005
The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …