Item of General Interest
March 10. I will be in China for four weeks, teaching at the China University of Petroleum in Beijing. I am leaving on March 13, and plan to return April 11.
With the assistance of others, I may be able to put up posts while I am away. I will probably not be available to comment as much, though.
Tag Archives: debt default
Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be a problem? In particular, how can the steep drop in oil … Continue reading
In today’s world, we have a huge amount of debt outstanding. Academic researchers Carmen Reinhart and Kenneth Rogoff have become famous for their book This Time is Different: Eight Centuries of Financial Folly and their earlier paper This Time is Different: … Continue reading
As the US heads toward debt default and continues with government shutdown, the underlying reason for the predicament is generally not clear to the American people or the world. The story that the press has generally been feeding us places … Continue reading