Desmond Lachman, Brad Setser and Antonio Weiss have written a strong analysis of the Puerto Rico situation. If ever there was a disconnect between underlying reality and what is happening in financial markets, it is the boom in Puerto Rican debt which has nearly doubled the value of some of its debt securities over the last few months. READ MORE
April 26th, 2018
March 26th, 2018
Is there any other way besides tariffs — and potentially a trade war — to get China to play fair on trade? David Greene interviews Summers for his insight on NPR’s Morning Edition.
The impulse behind the latest “big” progressive idea of creating a federal job guarantee is entirely valid. Studies show that those without jobs are much more likely to be dissatisfied with their lives, to become addicted to alcohol or drugs and to be abusive within their families than even... read more