Banque de France Financial Stability Review on Public Debt—Special Address to Panel Discussion

Good evening. It’s a pleasure to be here. I would like to thank my good friend Christian Noyer for inviting me. Governor Noyer is a gifted and devoted public servant, and I admire him greatly for his deft economic stewardship during an incredibly difficult time.

A history of threats fulfilled

FAIRBANKS, Alaska — History offers some guidance on what to expect as North Korea threatens to ”wage a sacred war” against the South Korean government and its supporters. In all the decades since the June 25, 1950, start of the Korean War, the North has not repeated its all-out invasion of the South. That would be more reassuring if the regime had not repeatedly shown its determination to avoid ...

Our real first gay president

The new issue of Newsweek features a cover photo of President Obama topped by a rainbow-colored halo and captioned "The First Gay President." The halo and caption strike me as cheap sensationalism. I realize airport travelers look at a magazine for 2.2 seconds before moving on to the next one. I grant that this cover will probably get Newsweek a 4.4 second glance. I also understand that Newsweek ...