Romney Goes Rogue

I’ve been assuming all year that Mitt Romney would pivot to Obama’s left on economic issues (say, on regulating banks, a higher minimum wage or payroll tax cuts). So I was pretty astonished that he’s somehow managed to move right of Reason Magazine, the National Review and Grover Norquist’s Americans for Tax Reform. Who knewRead More

TARGET2 – Window on Eurozone Risk

* This paper can also be downloaded in PDF format here.   By JKH Introduction About a year ago, a blogosphere debate erupted over TARGET2, the inter-central bank payment system for the Eurozone. Ground zero for that discussion was a blog post by Hans-Werner Sinn, followed by a more comprehensive paper: http://www.voxeu.org/article/ecb-s-stealth-bailout http://www.cesifo-group.de/portal/pls/portal/docs/1/1210631.PDF Sinn’s argument wasRead More