De-dollarization Has Begun: Redux

Last week’s article (“De-dollarization Has Begun”) produced a large number of comments and follow-up questions. Enough, in fact, that it feels necessary to address the most common of them in […]

De-dollarization Has Begun.

Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading […]

Markets Aid Rhino Survival

Herd sizes continue to dwindle as poachers relentlessly harvest rhinoceros horns to satisfy an insatiable demand for everything from knife handles to alleged health remedies of all kinds. Rhino horns […]

The Tragedy of the Monetary Commons

Earlier this month, Argentina and Brazil announced that they would begin working to implement a common currency. The news shocked many economists, including Oliver Blanchard, former chief economist of the […]

The CHIP Act Is a Blip

On this day in 1947, three researchers at Bell Laboratories created the first transistor, the little components that act as switches in integrated circuits, controlling the flow of electricity through […]