Congress passed another farm bill, at $290 billion. With agri-commodity soaring, the US famers enjoy the windfall at the expense of greater social welfare.
Read this opinion piece from wsj: "Who Wants to Be a Millionaire?"
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Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
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2008
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May
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- What is the way out for the US airlines
- Vietnam's inflation crisis
- New wave of African aid (aka grabbing natural reso...
- A look at Q1 GDP revision
- Behind Bear Stearns' fallout
- Ditch dollar peg?
- Lehman economist says oil in 'asset bubble'
- Hamilton: understanding crude oil prices
- Commodity index speculators
- Inflation mugger is back
- Pension funds and commodity speculation
- Foreign intervention and democracy
- Unemployment and Recession: initial claims vs. con...
- Theory linking Hepatitis to China's 'missing women...
- Fed's gloomier outlook
- How much is RMB undervalued? A reconsideration
- China: currency appreciation and inflation
- Berner: muddle-through or darker clouds ahead?
- Hauser's Law in taxation
- Buiter worries about central banks losing credibil...
- Bear market rally?
- Lagging behind in the Internet
- Corporate bailout history
- The logic of collective action
- Taiwan New President Inaugural Speech
- Fear no more
- Earthquake and China
- Charles Engle: oil rational bubble
- Recession call at ivory tower pace
- Lin on China's food situation
- Different measurement, different stories
- Malthus comes alive, again
- Gasoline price and mode of transportation
- Behavior modification
- Fortune misinterpreted Maddison's China prediction
- A digest of asset bubbles
- Fed and bubbles
- ECB: not the lender of last resort
- Should we have a strategic beer reserve?
- Icahn's letter to Yahoo board
- Food consumption as % income in the world
- It Is The Bio-Fuel Policy Stupid!
- Roach China Interview
- Larry Summers is being blasted
- Carbon trade: next big thing
- Bernanke on the origin of financial meltdown
- Oil speculation 101
- Another farm bill
- Inflation, price control and earthquake rescue
- Behind the food crisis
- Fitch's optimistic write-off report
- Oil price and speculation
- Martin Wolf on oil price
- Fertilizer crisis
- TED spread, still too high
- Yellen: current state of economy
- rethinking central bank doctrines
- Thaler: Framing and Nudge
- Bernanke, the Improviser
- Gary Becker: The rise of price of oil
- Frankel rebuffs White House' call on slowdown not ...
- Difficult time for American banks
- What lowest NYSE volume implies
- Alternative to buying up foreign land
- China inflation up 8.5% in April
- Krugman, oil nonbubble
- Peter Bernstein: When Should the Fed Crash the Party?
- Where is 'scale of economy' in Chinese agriculture?
- Is the Commodities Boom Driven by Speculation?
- Stiglitz on inflation targeting
- Inflation decomposition
- China inflation update
- China to buy up foreign land for food production
- SHIBOR
- Feldstein thinks recent GDP growth number misleading
- Gasoline help
- Feldstein Recession update, again
- Gasoline tax across country comparison
- Is the Fed done cutting?
- China's Real Effective Exchange Rate
- Dutch Disease?
- Inflation conundrum
- Nobel laureates on "decoupling"
- Food crisis: a supply and demand story
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May
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