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The Macroeconomic Conditions That Trouble Me


The Macroeconomic Conditions That Trouble Me
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One of the questions I get asked the most is, “what scares you right now?”  Clients ask it every now and then, or some version of it, but I also get asked in various TV interviews that ever-so-compelling question, “what keeps you up at night?”  There is one particular problem with the question I want to address in this week’s Dividend Cafe, and I want to provide a really thorough answer to it.
What is the problem with the question, “what is keeping you up at night?”
The problem is that ....

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Chamber of Commerce's misguided support of Democrats' costly economic agenda


ANALYSIS/OPINION:
The principled are often ridiculed as not being pragmatic, when in fact most often, over the long run, sticking with solid principles is highly pragmatic. 
Those who represent large numbers of people or organizations with conflicting goals or self-interest quickly find they cannot make everyone happy whether they are an elected official or an officer of a professional or business or some other organization.
Kim Strassel of The Wall Street Journal wrote a most insightful piece published the past Friday about how the U.S. Chamber of Commerce (the world’s largest business federation) made a most costly blunder by wanting to appear bipartisan, rather than sticking to a principled defense of free enterprise and limited government. Ms. Strassel argues that the Chamber’s endorsement of 23 Democrats (15 of whom won) may have enabled the Democrats to control the House, where they only have a six-vote majority. ....

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What three economists taught us about currency arrangements

Richard Cooper, Robert Mundell, and John Williamson made important contributions on a variety of topics in international economics throughout their careers, particularly in terms of how we think about currency arrangements. This column reviews the work of all three, tracing their ideas and drawing lessons for policymakers today. ....

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