Political Economy

A post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For BBH’s currency views, visit the website here. The G20 meet this weekend and it has drawn little attention thus far.  South Korea heads up the G20…

Marshall Auerback here with a post which I originally co-wrote at New Deal 2.0 with Randall Wray. In recent weeks, there has been much discussion about what to do about Greece. These questions become all the more relevant as the country…

In another blow to a quick resolution of the Greek sovereign debt crisis, reports are surfacing that multiple banks may have arranged swap contracts with Greece to hide their fiscal shortfalls. Bloomberg is now reporting that up to fifteen…

Last summer, I heard from a source close to the Obama Administration that the public option was mostly a bargaining tool and that the Obama Administration would only use it in order to pass healthcare reform. Translation: the Obama…

Here’s my take on a recent story of apparent plagiarism at the New York Times.  Some are probably conjuring up memories of Jayson Blair.  However, I see something different, namely a battle regarding the credibility of independent…

The Dutch have now also signalled a firming opposition to a bailout of Greece, adding to the chorus of voices in Germany which are categorically against such a move.  While I had previously said some sort of support could be…

Update: 2010-02-24. The Wall Street Journal has picked up on this theme. See Wealthy Greeks Send Money Abroad. The point is that the taxation rules are not necessarily going to increase taxes. They will, however, increase capital flight.

Below is the text of the brief EU statement on Greece debt crisis. All euro area members must conduct sound national policies in line with the agreed rules. They have a shared responsibility for the economic and financial stability in…

This comes via BusinessWeek. I imagine it is part of the much anticipated interview in which Obama said bank executives making millions "is part of the free-market system”. President Barack Obama said he is “agnostic” about raising…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. We have argued that the EU faces a horrible dilemma.  One horn is the moral…