James Pethokoukis

Why we don’t need a currency war, more Fed easing or additional stimulus

October 13, 2010

Great, great stuff from economic analyst Ed Yardeni, busting some myths and taking names:

Washington and Beijing’s new yuan policy

June 21, 2010

What does China’s new currency policy mean in terms of efforts in Congress to pass an anti-China currency bill?  Here is some of what some smart people told me. First Gary Hufbauer of the Peterson Institute for International Economics:

The deficit’s risk to the dollar

October 26, 2009

Allan Meltzer on deficits and the dollar:

The administration admits to about $1 trillion budget deficits per year, on average, for the next 10 years. That’s clearly an underestimate, because it counts on the projected $200 billion to $300 billion of projected reductions in Medicare spending that will not be realized. And who can believe that the projected increase in state spending for Medicaid can be paid by the states, or that payments to doctors will be reduced by about 25%?

Study: Blame China, not Wall Street, for Great Recession

October 21, 2009

This paper make a great case for blaming the Great Recession on the massive influx of cheap labor (and the continued weak yuan) into the global economy. Bad decisions on Wall Street didn’t help, but they are not the root cause: