“Techno-Nationalism”: Debating the “where” of innovation
About 10 days ago I gave a presentation to a D.C. business group on “Innovation: The End? Or a New Beginning?” We got into a discussion of high-end immigration and were in general agreement that we...
View Article“Not just worse…a lot worse”
That, it seems, is the economic prognosis of the Obama financial team, looking ahead at a total global “demand collapse” and the total failure of fragile states like Pakistan. the sense I get from them...
View ArticleThe Real China Story
The New York Times, in its series on the origins of the financial crisis it calls “The Reckoning,” pins our housing and credit bubbles on Chinese savings and the U.S.-China trade gap. This is basically...
View Article“Alexander Hamilton was right”
Steve Forbes with a resounding call for stable, low-entropy money. Greenspan truly began to think he was a monetary philosopher king who could fine-tune economic activity by manipulating short-term...
View ArticleGlobalization & Monetary Policy
The Dallas Fed announces a conference on the topic I’ve been writing about lately — namely, the intersection of globalization, capital flows, asset prices, China, and monetary policy.
View ArticleDollar Standard Crucial
Stanford’s Ronald McKinnon, who I cited in my recent Wall Street Journal article on China, echoes my view: Indeed, as the world goes into a severe economic downturn, the threat of beggar-thy-neighbor...
View ArticlePatriotic multinationals
Matthew Slaughter of Dartmouth’s Tuck business school with another good paper showing why global engagement is hugely important to American productivity and wealth.
View ArticleHuge $1.45 billion, a new low
After the EC antitrust authority today leveled a €1.06 billion fine against Intel, the company’s general counsel Bruce Sewell gave an illuminating interview to CNBC: We better come up with a better way...
View ArticleFinally, A Real Debate Over Monetary Policy
Scott Sumner is an original economic thinker and a particular expert in monetary affairs. So I sat upright when I saw his skeptical reply to the QE2 Skeptics. Early this week a host of high-profile...
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