International Trade

November 2, 2011

Default Deja Vu

Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and […]

October 28, 2011

Euro Deal Primer

To understand euro zone bailout plans, just think BBB. Bonds, Banks, Bailout The Bonds: If you own Greek debt, then you would be asked to accept […]

October 25, 2011

Greece and Argentina

Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of […]

October 23, 2011

Chinese Imports

Are you paying more for your clothing? According to NY Times financial journalist Floyd Norris, women’s shirt prices, dresses, sweaters, all that government statisticians consider female […]

October 22, 2011

A Surprising Deficit Worry

Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, […]

October 21, 2011

Millionaire Inventors

Assume you have $1.4 million dollars that you want to give away. Your goal is to spur the development of new technology, but just not any […]

October 19, 2011

Defrosting the Doughnut Hole

A global phenomenon will open up new areas for oil exploration, enable ships to take shortcuts, and provide easier access to world markets for iron ore […]

October 15, 2011

Will We Have Enough Food in 2050?

The world is getting richer. And richer people eat more meat. And the animals they eat consume more food. Also, everyday, the world has more people. […]

October 14, 2011

The Fabric of Free Trade

The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide […]