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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label current account imbalances. Show all posts

Showing posts with label current account imbalances. Show all posts

Sunday, October 11, 2009

Gold: An Unreliable Inflation Hedge?

``Gold has two interesting properties. It is cherished and it is indestructible. It is never cast away and it never diminishes, except by ou...

Saturday, October 03, 2009

Paul Volker: Growth In Emerging World Is Like The US In Terms of Impact To The World

Former Federal Chairman Paul Volker recently interviewed by Charlie Ross at the PBS discussed sundry of topics from the US economy, global ...

Saturday, August 01, 2009

Rebalancing The Chinese Economy

Below is a video from the Economist on its macroeconomic perspective of the structural imbalances of the Chinese economy. Along with it, is...

Monday, April 20, 2009

The Nonsense About Current Account Imbalances And Super-Sovereign Reserve Currency

``There is no simple understanding of what makes it necessary for people under certain conditions to believe certain things. The evolution o...

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