#FirstWorldProblems is awesome and FirstWorldLife is also good. Read it sarcastically, and read it to give some context if possible.
Category Archive: International economics
Permanent link to this article: http://www.tvhe.co.nz/2011/11/14/twitter-gets-it/
Nov
03
2011
Incompetence in Europe
I fully endorse Krugman’s point here: These alleged technocrats have in fact systematically ignored both textbook macroeconomics and the lessons of history in favor of fantasies. The European Central Bank has placed its faith in the confidence fairy, while imagining that it can run policy in a way that has never worked in several centuries …
Permanent link to this article: http://www.tvhe.co.nz/2011/11/03/incompetence-in-europe/
Oct
28
2011
A matter of certainty
After negotiating a sizable haircut on Greek debt and pushing through an expansion in the EFSF we have seen markets rally. The current crisis has very much been one of people wondering “who the hell will bear the burden of default”. The closer we get to solving that question, the closer we get to putting …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/28/a-matter-of-certainty/
Oct
18
2011
A point on global income inequality
From Ezra Klein we have the following: Those at the 34th percentile of income in the United States are at the 90th percentile globally, and those at the 50th percentile in the United States are at the 93rd percentile globally. Even the very poorest Americans — those at the 2nd percentile of income in the …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/18/a-point-on-global-income-inequality/
Oct
14
2011
A message to tomorrow’s protesters
Update: The protest that I’m arguing against in the first half of the post isn’t till the 5th of November (thanks Seamus!). However, my main critique in the second half applies to both protests insofar as the first protest is focused on inequality again. Personally I AGREE with a some of the issues being put …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/14/a-message-to-tomorrows-protesters/
Oct
12
2011
Protectionism: What the ….
The US is pushing to start introducing duties on Chinese goods to make a “level playing field” given the currency “misalignment. Hold up a second. China maintains a “low” exchange rate by “saving” too much – and using that savings to do things like by US currency and bonds right. Any subsidy on Chinese exports …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/12/protectionism-what-the/
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