The Real Cost of Coal. James Stock, March 24, 2015, Opinion. "CONGRESS long ago established a basic principle governing the extraction…
Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics. The International Comparison…
As the Federal Reserve moves closer to initiating one of the most long-awaited and widely predicted periods of rising short-term interest…
A Strong Dollar Is a Sign of a Strong Economy. Jeffrey Frankel, March 23, 2015, Opinion. "Any movement in the exchange rate has pros…
Thought Economics: Modern Capitalism. Lawrence Summers, March 20, 2015, Opinion. "In an exclusive interview with Prof. Summers and Prof.…
When households increase their deposits in formal bank savings accounts, what
is the source of the money? We combine high-frequency surveys…
America’s two political parties rarely agree, but one thing that unites them is their anger about ‘currency manipulation’, especially by…
Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have…
A Financial System Still Dangerously Vulnerable to a Panic, Hal Scott, March 1, 2015, Opinion. "Dodd-Frank restrictions on the Federal…
Debt-Saddled Municipal Budgets Get a Lifeline: A unanimous Supreme Court held that health benefits for retired workers can be…