Friday, November 15, 2013

The US cannot not run trade deficits, says James Galbraith

And he is right. If you're the provider of the global unit of account and main reserve currency, there is no other way than to run deficits. The hegemon must provide global demand, and the risk free asset to the global economy.

For the whole interview go here.

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IMF Programs: Past and Present

A roundtable with Daniela Gabor, Roberto Lampa and Pablo Bortz, on the IMF and its Programs this Thursday in Buenos Aires, organized by ...