(March 25, 2017) US Treasury Secretary Steven Mnuchin already finds himself hemmed in on all sides.
Domestic constraints come from the promises that he and President Trump have made and the laws of arithmetic. How, for example, is he ever going to be able to reconcile the specific tax proposals that candidate Trump campaigned on with the promise of the “Mnuchin rule” that taxes won’t be cut for the rich? Continue reading →
(May 26, 2016) As the G-7 Leaders gather in Ise-Shima, Japan, on May 26-27, the still fragile global economy is on their minds. They would like a road map to address stagnant growth. Their approach should be to talk less about currency wars and more about fiscal policy. Continue reading →
(April 15, 2016) President Barack Obama has had a remarkable series of foreign policy triumphs over the last 12 months. One of the lesser-known was the passage of legislation for reform of the IMF on December 18, 2015, after five years of obstruction by the US Congress. Continue reading →