Political Economy

Yesterday, Ed sent me an article by James Fallows on some 2006 comments by Republican gubernatorial candidate Christine O'Donnell regarding the threat to the United States posed by China. She said China had a "carefully thought out…

Over the past few days, I have heard from a number of stock market analysts say that this past September's rally in the S&P500 was the best performance since at least 1939. That's 71 years! This afternoon, I heard an analyst describing…

One of the worrying things about the handling of the current European crisis is how many of those responsible for taking the decisions seem to view the Eurozone in a way which is every bit as rigid, timeless and dogmatic as the thinking of…

Also see: Big Interview: Goolsbee Defends Obama Record on Business - Real Time Economics

by Niels Jensen “There are those who don’t know and those who don’t know they don’t know.” -John Kenneth Galbraith On 1st January 2013, a new directive regulating insurance companies which conduct business within the EU will come…

It's inflation that the Federal Reserve is after. Everyone knows this. The Fed has made it explicit. The sentence from the FOMC that Marshall highlighted yesterday shows you that: "The Committee will continue to monitor the…

This is a good format for explaining the White House's position on the Bush tax cut issue. Goolsbee is on to something. What do you think of his argument? Source: White House White Board: CEA Chair Austan Goolsbee Explains the Tax Cut…

by Annaly Capital Management Today Mike Farrell appeared as a panel participant at a House Financial Services Committee entitled The Future of Housing Finance – A Review of Proposals to Address Market Structure and Transition.  The…

"Malaise" speech When the energy market exploded — an occurrence Carter tried to avoid during his term — he was planning on delivering his fifth major speech on energy; however, he felt that the American people were no…

by Annaly Capital Management We attended Chairman Bernanke’s lecture last Friday at Princeton University, primarily because there was going to be open Q&A. As it turns out, despite our eagerly raised hand we were not called, the…