I haven't written much about China lately, but I continue to get questions. So I thought that it was time to summarize my big picture thoughts on China here. Riding a motorcycle at 100mph without a helmet There is much to cover so I will just go through the highlights. There is no question that...
The topic of inequality has been in the news in the wake of President Obama's State of the Union speech, which focused on that very issue. I refer readers to my previous post on this subject (see Inequality: Does it matter?) where I concluded that it is the equality of opportunity that matters, not so...
Policy in Europe has generally been done in the back rooms, with the theatre, e.g. PIIGS debt re-negotiations, done in the front rooms. Last year, the markets were panicked because they perceived the backroom elites had lost control of the situation and events were spiraling out of control. Today, it appears that the elites have...
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