January 25, 2014

Don't Worry About Global Inequality

Tim Harford, Financial Times

The Associated Press

‘The richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze on to a single double-decker.’ theguardian.com, January 20

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TAGGED: Global Economy


January 22, 2014
China Is Really Dependent on the United States
Steve Forbes, Forbes
Chinese holdings in U.S. Treasurys, which reached record levels in 2013, are setting off alarm bells. They should not. They underscore that Beijing is becoming more dependent on the U.S. and the rest of the world for its strength... more ››
January 20, 2014
Hollande's Supply-Side Nonsense
Dean Baker, The Guardian
French President François Hollande startled many of his supporters last week, along with fans of evidence-based economics everywhere, when he rejected modern economics in favor of the sayings of an early 19th-century... more ››
t is hard to find anything Israelis and Iranians agree upon, but they now hold one truth in common: The sanctions imposed on Tehran in mid–2010 over its opaque nuclear program are crumbling. Executives and state-enterprise... more ››
January 15, 2014
We're in the Dark on China
Stephen Grenville, The Interpreter
Forecasting is a mug's game, but we can't resist. Economists usually take a stab at the central growth forecast and then add a shopping-list of things that might go wrong. If you enumerate enough risks, there are built-in excuses... more ››