by Joseph Joyce Current Account Deficits and Safe Assets The International Monetary Fund has issued its External Sector Report for 2017, and among its key findings: “Global current account imbalances were broadly unchanged in 2016…” The U,S. continues to record the largest deficit, $451.7 billion, which is equal in value to 2.4% of U.S. GDP. […]
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Exclusive: Trump to focus counter-extremism program solely on Islam … https://www.reuters.com/…/us-usa-trump-extremists-program-exclusiv-idUSKBN15G… Feb 1, 2017 – The Trump administration wants to revamp and rename a U.S. government … Republicans wrestle with effort to cut Obamacare … Although CVE funding has been appropriated by Congress and the grant recipients were … Life After Hate, which rehabilitates former […]
Lifted from Robert’s Stochastic Thoughts Jon Chait Shoots at all the Ducks in a Row — and Manages to Miss (once) I admire both Jon Chait and Glenn Greenwald. They do not admire each other. I enjoy it when they debate. Sometimes they both make fools of themselves. Jon Chait wrote a blog post “The […]
by Peter Dorman (originally published at Econospeak) “Rational” Optimism? I just finished this long, rather convoluted meditation on “rational optimism”. Must we admit the world is getting better, getting better all the time? Really, there are two types of multidimensionality that need to be considered. The first is that “better” is, if it’s anything, vector […]
Dan here…I have been notified that there are some problems with comments, such as updating the number of comments, automatic fill in of data for regular users, and comments can ‘disappear’ before completion (which btw just happened to my first try at this note), I have notified MEV tech of the problems. I will disappear […]
Via Slate by Dahlia Lithwick and Mark Joseph Stern: The Clarence Thomas takeover But Thomas is more than just the Trump administration’s philosophical hero. His once-fringy ideas are suddenly flourishing—not only on the high court, through his alliance with Gorsuch, but also in the executive branch. … Everywhere you turn in Trumpland, you’ll find a slew of […]