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December 29, 2004

If you cannot beat em, join em

Daniel Gross’s article on the currency preferences of the world’s underworld is too good not to link to. It seems like the world’s drug lords are less willing than the People’s Bank of China to fina…

February 1, 2006

United States
A debt-for-goods swap, not a debt-for-equity swap; and dark antimatter, not dark matter

Stephen Jen argues that the US-Asian relationship can be understood as a debt for equity swap.    Asian - led by China - buys US debt; the US buys Asian equities/ invests in Asian plant and equipment…

August 25, 2005

Capital Flows
Peter Galbraith and Iraq

I think the folks over at TPM Café are right: David Brooks' latest New York Times column is a real flip-flop.  He has gone from celebrating the United States firm commitment to universal democrat…

May 4, 2008

Financial Markets
The Economist and Goldman on oil and the dollar

I liked the lede of this week’s economist story on the Fed, the dollar and oil: “THE spirit of St Augustine hovered over the Federal Reserve this week. “Oh Lord, let us stop cutting interest rates…

January 28, 2009

Monetary Policy
Central banks were not the big buyers of synthetic triple AAA …

Ricardo Caballero argues that the current crisis stems from (flawed) efforts to construct safe assets out of risky assets in order to meet a surge in investor demand for safe assets. He is on to som…

December 3, 2010

Diplomacy and International Institutions
Anglo-U.S. Relations Can Overcome WikiLeaks Fallout

The diplomatic fallout triggered by the Wikileaks debacle has been front and center this week. The Times of London asked me to comment on what the leaked cables mean for the special relationship wi…

Anglo-U.S. Relations Can Overcome WikiLeaks Fallout

February 21, 2011

TWE Celebrates Presidents’ Day Because It Is the Day of Presidents

President George W. Bush meets with former Presidents and President-elect Obama in the Oval Office of the White House in Washington, January 2009. (Kevin Lamarque/courtesy Reuters) Being president o…

 U.S. President George W. Bush meets with former Presidents and President-elect Obama in the Oval Office of the White House in Washington, January 2009.

November 16, 2010

Sub-Saharan Africa
Does Africa Need Another Blog?

Yes. It seems to me that much of the on-line discussion on Africa is focused on economic development or the lack thereof, or on the latest humanitarian catastrophe that grabs the headlines, be it i…

Does Africa Need Another Blog?

February 25, 2011

Diplomacy and International Institutions
TWE Remembers: John Foster Dulles

Every day thousands of people fly into and out of Washington’s Dulles International Airport. Few of them think about the man for whom the airport is named, John Foster Dulles. He was born on this day…

Dulles-and-Eisenhower

December 31, 2010

United States
TWE Remembers: George C. Marshall

When I taught “American Foreign Policy” (30:061) at the University of Iowa (Go Hawkeyes!) students would occasionally ask me which American policymaker I most admired.  I never knew whether the quest…

george-c-marshall-photo