The ‘Nuclear Option’: Currency Edition

As someone who follows international economics pretty closely, I’m surprised I didn’t find this Dean Baker op-ed until today. I’ve previously asked what the United States could do to convince the Chinese government to let the yuan appreciate. Baker doesn’t so much want to convince China, but rather beat China at its own game. He … Continue reading

Soccer, Marginal Tax Rates and Game Theory

Republicans have called Democrats “socialist” for wanting to raise the top marginal tax rate. Imagine the epithet they would hurl if a new tax code threatened professional sports. The Spanish government has proposed reforming the “Beckham law”, named after the British star, that taxes foreign soccer players at a lower rate than domestic athletes. La … Continue reading

Yuan a bubble?

It’s everyone favorite time of the year: the Asia-Pacific Economic Cooperation Economic Leaders’ Meetin!* President Obama heads to the summit and his first official visit to China next week. Obama’s trip will be dominated by economic concerns especially trade, and in the case of China, exchange rates. Simon Johnston thinks Obama can convince the Chinese … Continue reading