Reasoning From a Price Change - By Brian McCarthy
Japan exploited its advantages in producing autos, and the U.S. moved on to things in which it could achieve an advantage of its own. Isn’t that exactly the way things should work in a dynamic global economy?
As I asked in a memo in September, is it a good idea for governments to try to override the laws of economics in an effort to cause their... See more
As I asked in a memo in September, is it a good idea for governments to try to override the laws of economics in an effort to cause their... See more
Oaktree Capital • Nobody Knows
This is almost total nonsense. The only possible way it could be true is if the amount of intervention in the renminbi was unaffected by the price level, and this is certainly not the case. If it were, the People’s Bank of China should anyway immediately raise the value of the renminbi substantially in order to improve its terms of trade at no cost
... See moreMichael Pettis • The Great Rebalancing
Something I explained to 13 yo: There is no intrinsically fair price for any commodity, just the market price. Most people have no problem understanding that. Until the commodity is labor. Then suddenly it becomes hard to understand.
Paul Grahamx.com
It will be worthwhile to consider RBI’s recent research highlighting the core type characteristics in high food inflation and its spillover effects on core inflation.
And lastly, the reason for persistently high food inflation despite record agriculture production (FY25 is projected to grow by 5%), much higher than the population growth of 1.1 per
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