Monthly Archives: April 2011

Very Different Visions of Fairness

By temperament and habit I tend to see people as more alike than different. Thus I was struck by how dramatically different Washington Post columnist E. J. Dionne, Jr. sees the world than I do when he was discussing false … Continue reading

Posted in Economics | 3 Comments

Thinking about the Public Debt

The U.S. Federal Government spent $1.7 trillion dollars last year more than its tax revenue. It had to borrow that amount. This increased the outstanding public debt of the Federal government to 14.2 trillion dollars or 96 percent of GDP. … Continue reading

Posted in Debt, Economics, News and politics | 3 Comments

Libya: Further down the slippery slope

It is not easy to find the right balance between our relationships with sometimes repressive and always undemocratic (in the narrow sense of voting) regimes in the Middle East and the dissidents among their citizens who criticize them. But statecraft … Continue reading

Posted in News and politics | 1 Comment

Notes from Nanjing

French President Nicolas Sarkozy chairs the G-20 this year and has focused on the reform of the international monetary system. I was invited by the French Finance Minister and the central bank Governor to join the High Level G-20 Seminar … Continue reading

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