Relevant and even prescient commentary on news, politics and the economy.

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Buttonwood up your mouth

…noticed that these days deflation is even more feared than inflation and thus decided that printing currency and buying stuff must be deflationary. Bagehot is turning over in his grave….

Intelligent trade policy

…own economic history. The U.S. trade deficit with China displaced 2.4 million U.S. jobs between 2001 and 2008 alone. Treasury Secretary Geithner should identify China as a currency manipulator, and…

Barkley Rosser

…backing by the US Fed, which has reopened its closed-down currency swap lines, it must engage in serious budget deficit reduction. Quite likely that will involve both spending cuts and…

Two other views on Greece and the US

…Commentary, Financial Times The eurozone experiment was, in effect, an attempt to speed up the graduation process through the carrot of the single currency and the stick of harsher bail-out…

What Works About the FDIC?

…SEC, the Fed, the Treasury or the comptroller of the currency. The key point is that the FDIC has a trust fund and wants to keep it. This is the…