The Fed’s Dereliction of Duty and False Capital Flows Morality
The Fed disavows responsibility for the way US interest rate policy sends money sloshing around the world. It’s a huge mistake intellectually and politically.
Read more...Category Archives: Globalization
How the China’s New Silk Road is Shifting Geopolitics
Even though China’s Silk Road initiative is in its early stages and still opportunistic, traditional rivalries could impede progress. Even so, the US is concerned about how China has gotten and is making countermoves.
Read more...America’s First Black President Throwing Slaves Under the Bus on TPP
The sausage-making on the TPP has gotten messier…..
Read more...Gaius Publius: Hillary, TPP, the World of Money, and the Center for American Progress
There is no way that Hillary Clinton is not a strong supporter of TPP and Fast Track
Read more...Good News on TPP, as Senate Passes Fast Track Bill with Human Trafficking Poison Pill
Revenge is a dish best served cold. Senator Bob Menendez just served an even bigger plate than he intended via an amendment to Obama’s Fast Track bill that thanks to some Republican help, didn’t get modified into mere symbolism. Ooops!
Read more...Thomas Palley: Fraternity of Failure – The Alternative, as in Hillary Clinton, Version
Hillary Clinton does not want to talk about past economic controversies.
Read more...More on the Myth of Outsourcing’s Efficiency
Why outsourcing winds up producing cost creep over time.
Read more...Gaius Publius: If Fast Track Passes, Anything Attached to a “Trade” Treaty Will Pass
How the Administration’s Fast Track authority would transfer more power to the President by limiting Congressional authority on “trade” bills.
Read more...Will the TransPacific Partnership Agreement Go into the Deep Freeze?
The TransPacific Partnership is far from a done deal,. Delay in securing Congressional approval for Fast Track has high odds of throwing a fatal wrench in the overseas timing.
Read more...Is the Push for Greater European Integration a Mistake?
The assumption among policy elites that more European integration will heal the union’s ills may be misguided.
Read more...Give the Democratic Trade Turncoats Hell Over Fast Track Vote
The real fight against Fast Track authorization will take place in the House. but the Senate sellouts should be made to feel the wrath of their constituents.
Read more...Sovereignty For International Investors (Trans-Pacific Partnership (TPP))
Why the investor state dispute settlement panels in the Trans-Pacific Partnership are a Trojan horse for enriching multinationals and gutting national sovereignity.
Read more...Branko Milanovic: Income Inequality and Citizenship
Dave here. This is a readable discussion of inequality between nations, but the conclusions suffer from the conceit that people – particularly people in poor countries – have universal freedom, wherewithal and mindset to pick and choose what country to which they want to emigrate. But other than that nitpick, worth a read. By Branko […]
Read more...First Quarter GDP Likely Negative as Trade Deficit Soars
By David Dayen, a lapsed blogger. Follow him on Twitter @ddayen. Because of the blinkered way we talk about the economy in this country, news that the trade deficit widened in March well above consensus expectations will undoubtedly be met by cries that we must create more free trade deals to counteract that. Of course, […]
Read more...Matías Vernengo: On Free Trade and Economics Consensus
Mankiw tells us in his most recent NYTimes column that economists agree that Free Trade is good. He links to a poll in which, essentially, mainstream economists of different persuasions, some Keynesian and some not, and different political views, some liberal and some conservative, say that trade agreements are good. He backs his argument by suggesting that theoretically the argument is at the heart of the economics profession since the beginning; I guess an argument of authority.
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