Hope you are well.  At the link below is this week’s edition of FFTT, which is a slide deck summary of talking points we were asked to discuss as part of a panel at an international conference this week discussing the topic “Are we moving toward de-dollarization of the international monetary order?” This week’s slide deck is 19 pages long and can be read in 7-8 minutes. Thank you for reading this edition of FFTT.  LG

Fiscal authorities should resist the temptation to increase government expenditures continually in order to compensate for shortfalls of private consumption and investment. A strict economic diet of fiscal austerity has greater appeal, a kind of penance owed for the excesses of the past. But root-canal economics also does not constitute optimal economic policy.  The U.S. would be better off with a third way: pro-growth economic policy. The U.S. and world economies urgently need stronger growth,