David Henderson’s review of John Quiggin’s Economics in Two Lessons is wonderful.
Pierre Lemieux details some of the Trump administration’s trade nuttiness.
Here’s the abstract of William Easterly’s latest paper:
The lack of growth response to “Washington Consensus” policy reforms in the 1980s and 1990s led to widespread doubts about the value of such reforms. This paper updates these stylized facts by analyzing moderate to extreme levels of inflation, black market premiums, currency overvaluation, negative real interest rates and abnormally low trade shares to GDP. It finds three new stylized facts: (1) policy outcomes worldwide have improved a lot since the 1990s, (2) improvements in policy outcomes and improvements in growth across countries are correlated with each other (3) growth has been good after reform in Africa and Latin America, in contrast to the “lost decades” of the 80s and 90s. This paper makes no claims about causality. However, if the old stylized facts on disappointing growth accompanying reforms led to doubts about economic reforms, new stylized facts should lead to some positive updating of such beliefs.
John Tamny is rightly appalled at the economic ignorance regularly displayed by Tim Wu.
Also rightly appalled is Richard Rahn, he here at today’s environmental doomsayers.
Mark Jamison writes realistically about the dangers of antitrust.
