President Trump’s Good Deed—Talking up the Dollar

President Trump’s smackdown of Peter Navarro, assistant to the president and director of the Office of Trade and Manufacturing Policy, for Navarro’s call to weaken the U.S. dollar was a breath of fresh air in an otherwise protectionist administration. Since his appointment to the Trump administration, this undistinguished economist has led a one-man jihad against […]

Free trade at the crossroads

Free trade at the crossroads

Trade agreements are like oysters, Jägermeister and Jackson Pollock paintings—you either love them or hate them. In the current political milieu, anti-trade proponents have the upper hand, relegating vocal champions of free trade to a tiny minority. Damning free trade agreements, especially NAFTA and TPP, is the contemporary equivalent of “Remember the Alamo!” and “Remember […]

The Devaluation Dilemma

The Devaluation Dilemma

To devalue or not to devalue? That is the question. During the last decade, Latin American central banks have effectively steered the rudder of monetary policy, avoiding major devaluations of their currencies–with the exceptions of Argentina and Venezuela. Recognizably, there have been incremental devaluations in the region as a country may devalue its currency to […]