Summers says currency interventions rarely end well
“When governments seek to manipulate exchange rates for competitive advantage, it rarely ends well,” White House economic adviser Larry Summers said at the Yalta European Strategy Annual Meeting this...
View ArticleInflation is inevitable counters Wolfensohn
While Laura Tyson thinks America has no intention to inflate away its debt, former World Bank President Jim Wolfensohn said in an interview today he believes inflation and a devaluation of the dollar...
View ArticleBread and circuses—but real issues, too
As the U.S. mid-term elections approach, it is easy to despair about the quality of this country’s political debate. Christine O’Donnell, the surprise Tea Party-backed Republican candidate for the...
View ArticleWhat’s good for the world is bad for the U.S. and China
This fall, much of the United States seemed to have settled on a narrative for the country’s struggle to adapt, after a debilitating financial crisis, to a post-industrial and post-unipolar global...
View ArticleWe need an economics-based foreign policy
It is impossible not to be fascinated by the WikiLeaks release of U.S. State Department cables this week. It is a story that has everything, ranging from insight into the U.S.-Russia relationship, to...
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