October 8, 2018 — Congratulations to Bill Nordhaus and Paul Romer on winning the ultimate prize in Economics. When I first heard, I wondered what the two have in common, beyond both doing path-breaking Nobel-worthy research.
September 27, 2018 — As of July, the US trade deficit had widened relative to a year ago, despite temporary improvement earlier in 2018. A new Census report today suggests: (1) further deterioration of the merchandise trade balance in August, and (2) a particular role for exports of food & feeds
September 23, 2018 — The US Treasury is due in October to submit its biannual report to Congress on what countries, if any, are manipulating their currencies to gain unfair trade advantage. President Trump has recently resumed the accusation against China that he made during the election campaign.