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The Parties’ Flip-flops on Deficit Spending

…why the U.S. is not exporting more to China given Stiglitz’s observation that China has an investment boom. Thanks to Calmo for reminding me of the fixed exchange rate mercantilism

…honest with his readers? Additional note: Asian central banks have been purchasing a substantial amount of U.S. government debt. Tyler Cowen offers several explanations including good old fashion mercantilism. See…

Branko’s Lumps

…idea — that one person or country’s gain is a another’s loss. The rationale, in a nutshell, of mercantilism. Following up on the Bacon quote, I discovered much the same…

Economy’s Role

…cope with the present (now), and to be better able to prepare for the future. ——-Past—————————————————–|Present|———Future——- Looking to past economic models; from slavery, …, to feudalism, …, to mercantilism, …,…