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David H Levey

Economist; Studied at Chicago and Harvard; Country Risk Manager at Wells Fargo; Managing Director for Sovereign Ratings at Moody’s, where he led a team of analysts assessing the default risk of national governments.

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Substack
PricingOnly free issuesPublishesDaily
Issues214Foundeda year agoLast Issue3 days ago
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Latest Issues

Is China Rising As the U.S. Declines? That's What the CCP and the Global Left Want Us To Believe

The belief that China is rising and the U.S. is in decline is very popular on the political Left. The reason is that, if true, it reinforces the fundamental position of the Left, i.e., that market-based capitalism (what they often label “ne...

3 days ago
3

Political Economy Links (05/15/2026) -- Third Worldism and the Democrats; Sweden; The Great Forgetting; Billionaires and Wealth Taxes; Defense Spending; European Stagnation; Cuba; Commerce & Socialism

  1. Arnold Kling expects the swing toward “Third Worldism,” which has become a defining ideology of the progressive left, to succeed in completely capturing the Democratic Party:

In a substack post, Hussein Aboubakr Mansour writes,

T...

5 days ago
1

The Iran War Endurance Race

Currently, the Strait of Hormuz is closed and subject to a double blockade. By threatening attacks on tankers, Iran is effectively blocking exports of oil, fertilizer, helium, and other commodities originating in the GCC countries, while th...

6 days ago
1

Weekend Global Economy Links (05/09/2026) -- Billionaires and Innovation; Is Inflation Unanchored? What Stopped the Trade War? Another Fiscal Crisis for NYC? There are Two Europes

  1. One major reason why progressives attack the capitalist economic system is that they don’t grasp the role of entrepreneurial innovation in the historical process that has made the world so much more prosperous over the last four centurie...
11 days ago
2
1

Assorted U.S. Economy Links (05/06/2026) -- Affordability; Electricity Supply; Shifting Populations; The Warsh Fed; A New Tariff Case; Mamdani's Grocery Store; Global Equity Holdings

  1. Douglas Holtz-Eakin analyzed the latest Employment Cost Index report from the BLS. For the first three quarters of 2025, compensation of workers increased a bit faster than inflation, but that reversed in the fourth quarter. The reason —...
14 days ago
2

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  • David H Levey

    Economist; Studied at Chicago and Harvard; Country Risk Manager at Wells Fargo; Managing Director for Sovereign Ratings at Moody’s, where he led a team of analysts assessing the default risk of national governments.

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