Mr. Dooley told us that the Supreme Court watches the election returns. So also must the Chair of the Federal Reserve.
Category Archives: deficits
Latest trade figures
How anomalous is U.S. current account behavior?
Is there statistical evidence for the “global savings glut”?
by Guest Blogger: Menzie Chinn
Is the trade deficit set to stabilize as import prices rise?
Some thoughts on the latest trade price data.
How important is saving?
Tyler Cowen of
Marginal Revolution (along with a number of my own readers) has asked about
this statement by Michael Mandel:
Fixing the Current Account Deficit
If the current account deficit matters, how can we fix it?
But you said that more saving was a good thing
After many of us have been arguing for some time that an increase in the U.S. personal saving rate was key for promoting long-run growth and reducing the trade deficit, the American consumer finally obliged with a 0.5% drop in consumption spending in August. But analysts such as Angry Bear and Macroblog see this as an ominous development. So which is right– is more saving a good thing or a bad thing for the economy?
On the origin of American current account deficits
Here are some more thoughts on the debate over the source of the U.S. current account deficit and whether it matters.
The space pioneers
You have to wonder about the timing, if nothing else. Last week, Cato Institute researchers warned of a looming budget disaster if strong measures such as cutting the budget for the National Aeronautics and Space Administration in half were not taken. On Monday, NASA chief Michael Griffin unveiled a new $104 billion plan for sustained human exploration of the moon by 2018 as a preparatory step for getting people on Mars. Here’s my suggestion for how to explore space without breaking the budget.
Pop quiz on the deficit
Here’s a pop quiz for macroeconomic students from Economist’s View on how to deal with the deficit.