Archive for the ‘Trade/Foreign Policy’ Category

The strong dollar, its impact on growth, and the TPP

March 27th, 2015

When it comes to the debate over whether the Trans Pacific Partnership trade agreement should include rules against managing currency, the recent, sharp rise in the value of the dollar offers a little something for everyone. For TPP supporters who oppose a currency chapter—i.e., explicit actions to be taken against signatories who push down the value… Read more

A currency chapter in the TPP will not diminish our Fed’s independence

March 3rd, 2015

Members of Congress and interested observers have advocated adding a chapter to the Trans Pacific Partnership trade deal (TPP) that takes action against trading partners who manage their currencies to subsidize their exports to us and tax our exports to them. An often heard argument against this idea is that it would put our own… Read more

Middle Class Economics: Josh Barro nails some critical points

February 26th, 2015

Josh Barro does an excellent job describing many of the key points about the challenges of crafting what politicians are calling “middle-class economics.” As I see it, they’re talking about policies that reconnect overall economic growth and the prosperity of the middle class. Though median household incomes have been rising in recent years, as best… Read more

Read this now: a trenchant oped by Greek finance minister Varoufakis

February 16th, 2015

To me it reads like the correct dosage of mind and heart and as such comes across as both a rational and heartfelt approach to the least harmful/most potentially helpful way forward in resolving the debt/fiscal crisis. I guess some clever austerian could argue that the claim “I’m not using game theory” would fit quite neatly… Read more

No, negotiating a currency chapter in the TPP will not cause a trade war or cost us jobs.

February 16th, 2015

You really need an anthology of catch-phrases you hear in this benighted town of DC to understand the difference between what people actually say and what they mean. When someone says “my good friends from the other side of the aisle…,” they’re not really good friends. And when someone says, “that will cause a trade… Read more