A blog by Jonathan Conning of the Economics Department at Hunter College of the City University of New York. This blog comes back to life when I happen to be teaching a course on trade and/or development but at other times may lay dormant.
Dollar slides
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To 19-month low against the Euro. Funniest line of the article: "On Friday, China warned other countries that holding excessive dollar reserves may not be a good idea ." My italics.
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Anonymous said…
Ironic considering that China passed the one trillion mark last quarter!!
I do agree with Amaury that Ben Bernanke has fewer policies degrees of freedom with which to play the policy game compared to his predecessor Alan Greenspan.
Anonymous said…
the funny thing about it is people are analysing some random speculation.
Help the World’s Poor: Buy Some New Clothes : "Back to school shopping leads many people to buy apparel that was made in sweatshops. Rather than feel guilty for “exploiting” poor workers, shoppers should rejoice. Their spending is some of the best aid we can give to people in poorer countries." So says Benjamin Powell on the always provocative AidWatch blog. Liberal New York Times columnist and Economics Nobel Prize international economist Paul Krugman wrote an earlier and now often cited statement along similar lines titled " In Praise of Cheap Labor: Bad jobs at bad wages are better than no jobs at all ." Do you agree with these arguments?
It's hard not to quote this compact blog post in full: What the average American thinks we spend on foreign aid – Chris Blattman : "27% of the federal budget vs what they think we ought to be spending (=13%) and what we’re actually spending (=0.6%)" [ source ]
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George