…a big savings for SS when that trade-off is factored in. A far more effective tool for SS sustainability would be to raise the payroll tax. Capping Social Security benefits…

…newly-issued government bond, you’re not funding/financing/incentivizing real private-sector investment in productive/useful capacity. (Though in one accounting view, you could argue that you’re “funding” government investment.) So in a very real…

Reader Matthew McOsker writes: What Bush II and Clinton Got Wrong On The Economy First, we start off with sectorial balances. Trade deficits must be offset by government and/or private…

…Spain to shift relative capital and trade flows. However, Netherlands and Finland are matching pace, big exporters that theoretically should be turning importers. France is seeing relative appreciation, +2.2% average…

…to Yglesias’s numbers for “downstream services.” I look at the 80s a period of a strongly overvalued dollar and a ballooning trade deficit. I find employment in “Trade Transportation and…

…of trade. In *theory* there are no type 4 trades which are known to be type 4 trades. Obviously in reality there are such trades. Now, obviously, trading volumes can…

…for free capital flows came down to the classic theory of comparative advantage, as though trade in dollars was essentially similar to trade in widgets. In reality, however, the funds…

By Spencer, Every month the various economic indicators are released and various people comment on them– usually in isolation. So I thought it would be informative to look at some…

…it’s trade-predicted value and the balance-of-trade moved more into balance. Japan charges zero interest to borrow money, which investors borrow and then sell the Yen by the bucket full to…

Executive Order 12866 of 1993 has been amended and shaped to include RPO (Regulatory Policy Officers) positions that in general have strengthened oversight since January, 2007. The issues could be…