February 24, 2005

Another day, another sign that Dr. Duke really is in charge: The Washington Post reports on efforts by the Pentagon to overturn the principle of chief of mission authority, under which the US Ambassador in a given country can permit or refuse the admission of other US government employees to that country. Specifically, they want…

Some time ago, I described the situation with regard to the dollar and central bank reserves in terms of metastability, the idea of a position that is both very stable in the short term and also subject to a radical flip triggered by comparatively small events. I think I also linked this up in another…