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Joseph Solis-Mullen

Joseph Solis-Mullen

A graduate of Spring Arbor University and the University of Illinois, Joseph Solis-Mullen is a political scientist and graduate student in the economics department at the University of Missouri.

Articles by Joseph Solis-Mullen

Who Really Makes US Foreign Policy? Who Benefits and Who Loses?

July 2, 2022

In a piece of news that shocked the mainstream media, but which shocked no one familiar with the academic industry writ large, retired US Army general John Allen was forced to resign as president of the Brookings Institution after it was revealed the FBI was investigating him for lobbying on behalf of the Qatari monarchy.
Of course, the real news, scarcely noted by the Washington Post, New York Times, or any other purported paper of record, is that Allen was only really in trouble because he hadn’t fulfilled the pro forma legal requirements for those lobbying the US government on behalf of a foreign agent or government.
The Foreign Agents Registration Act (FARA), under which such activities are regulated, includes several exceptions that allow for such activities

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In Defense of Defaulting on the National Debt

June 22, 2022

With the acknowledged national debt now a politically and economically unpayable $30 trillion (in reality, its unfunded liabilities are far greater), Americans should start to become acclimated to the realities of the United States’ eventual, inevitable default. While it may seem unfathomable, and the results too catastrophic to imagine, in fact the likely damage to everyday Americans would be minimal in the short term and unquestionably a net plus in the long term.
This is far from surprising and not a new problem. As Carmen M. Reinhart and Kenneth S. Rogoff detail in their comprehensive review of the subject, history shows that great powers defaulting on their debts was long the rule, not the exception, and that the long-term implications of various

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Greenspan Would Be Proud: A Lesson in Fed Speak

June 6, 2022

It has become a familiar sight over the past decade and a half: a supposedly venerable member of the financial elite tells us with utmost calm that what we think we are seeing isn’t really all that bad. The Fed already knows all about it and has already taken all necessary steps. Further, they are monitoring the situation closely and are ready to make any necessary adjustments with ease and alacrity.
Reading the Fed’s meeting minutes and picking through its actual activities reveals a much different picture. They are panicked and pushing every button: upping the federal funds rate, running off the balance sheet (quantitative tightening), maintaining the Fed’s overseas backstopping, and raising the interest rate paid on reserves. Surprise, surprise things are

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Turkey’s Economy Is in Big Trouble

January 8, 2022

Over the years observers of Turkish politics have become somewhat inured to erratic swings in policy coming out of Ankara. Particularly since the political reforms of 2017, his high degree of control over the primary functions of the state mean President Recep Tayyip Erdoğan faces few hurdles to executing abrupt changes he views as correct or necessary. This lack of any effective institutional check to his authority is, at present, leading the country off an economic cliff.
Already since 2018 the country was mired in a multifront crisis. Characterized by stagnation, unemployment, dramatic swings in the price of the lira, rising inflation, a declining balance of trade, growing borrowing costs, and an increase in corporate defaults, Erdoğan’s present interference

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