Author Archives: Felix

Mwenda vs Bono in Tanzania

Easterly vs Sachs becomes Mwenda vs Bono.
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Argentina’s “Intergalactic Dead Cat Bounce”

Argentina has already seemingly violated numerous laws of economics: why shouldn’t it violate the laws of physics, too?
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Credit Deteriorates, Spreads Stay Tight

Rarely are the markets and the experts more divergent than when it comes to the issue of credit quality.
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Globalization Didn’t Bring Down US Prices After All

If inflation is “always and everywhere a monetary phenomenon,” then, as Ball puts it, “the accounting theory of inflation is always and everywhere a fallacy.”
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The End of Harry Potter

The market is pricing
in Harry Potter’s death
.
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Monday Links

Random links from the blogosphere.
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How to Sell Equity in Your House

I’m sure that there are some people for whom a Rex agreement does make sense. But for most people, it doesn’t.
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Q&A: Tom Dichter on Microcredit

“Can scores of presidents, prime ministers, monarchs be wrong? Yes. Can the Nobel committee be wrong? Yes. Can celebrities and the media be wrong? Yes!!!”
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Hirst’s Spectacular Skull

The acres of press that this skull is receiving is testament to the fact that he has – again – created an icon which transcends the art world and resonates in the public’s mind like the art of no other contemporary artist.
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The Economics of Carbon Taxes

Mark
Thoma
has a good overview of the economics of the carbon tax vs cap-and-trade
debate.
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How the Bancrofts Changed Their Mind

The Wall Street Journal proves today that, when pushed, it can do excellent
long-form narrative investigative journalism and turn it around within 24 hours.
Much kudos to Matthew Karnitschnig, Sarah Ellison,
Susan Pulliam
and Susan Warren for pulling together
the
definitive story on how the Bancrofts changed their mind
, and getting it
out on today’s front page.
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Bush and Rodrik: Immigration Bedfellows

Bush, in the WSJ, and Rodrik, in the NYT, argue in different ways for the same thing.
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Rupert Murdoch Suddenly Looks Very Smart Again

The Bancrofts are clearly still holding out some hope for a white knight who can come along and save them from having to sell to Rupert. But there’s now a very good chance that Murdoch will end up with his glorious prize.
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Sudan Versus Coca-Cola

Sudan threatens to cut of Coke’s gum arabic supply.
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Europe’s Cap-and-Trade System Did Work, After All

Europe’s carbon emissions have been reduced by its cap-and-trade system.
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Okonjo-Iweala and Zoellick on Video

Okonjo-Iweala is magnetic. Zoellick, not so much.
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Glenn Hubbard: Not Far From a Carbon Tax

Mark
Thoma
, tongue only slightly in cheek, wants Glenn Hubbard and Greg Mankiw
to duke it out on carbon taxes versus cap-and-trade:
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How Car Mileage Demonstrates Problems With a Carbon Tax

Cars now struggle to achieve the mileage of 20 years ago.
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Where Does the US Economy Go From Here?

With the S&P 500 hitting all-time highs, I’m sanguine.
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How to Reduce Congestion: Build More Roads?

Building more roads might (or might not) reduce congestion. But mass transit allows much higher population densities, and a city with a high population density will be more vibrant, more economically productive, and more environmentally friendly.
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Unpacking Mohamed El-Erian’s Investment Strategy

The three pillars of Mohamed El-Erian’s investment strategy.
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Three Answers from Charles Komanoff on Carbon Taxes

Charles Komanoff, of the Carbon Tax Center, responds to my questions.
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Is Google-DoubleClick a Monopoly?

The key monopoly here is the one on information about users’ web-browsing habits: what they search for, what sites they visit, what ads they click on.
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Mohamed El-Erian Solves the Economics of Investing

What Makes Mohamed El-Erian a first-rate investor.
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Doing the Woolworth Building Math

A bet on World Trade Center property prices.
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