What We Read Today 05 July 2013

July 5th, 2013
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list.

The top of today's reading list has a facetious observation about the implication of the laws regarding blood testing for drugs ........ and the last article is about the developing monetary and fiscal plans in China.

Follow up:

  • china-investment-outflows-2013-june-30Investors Pull Back From China Assets (Daniel Inman, The Wall Street Journal)  Is this worse than 2008?  See graph at the right.

    Also, note that the second half of 2012 saw the most intense investment inflows to China since The Great Financial Crisis of 2008.


  • Warren Mosler, a Deficit Lover With a Following (Annie Lowrey, The New York Times)  The reporter provides a very superficial amount of monetary theory and as a result produces an article which does little to inform the uninformed.  If one gets all the way to the end perhaps the closing quote from Mosler would provoke questions:
    Economics is about the allocation of scarce resources.  If there’s a food shortage, you have a real problem in divvying up the food. Right now, we have a dollar shortage because of mistaken notions about how the monetary system works. How does that make any sense?
    But the uninformed may well be so confused by the end that the inferences of the quote will be lost.  Warren Mosler and Mark Thoma, who is also quoted in the article, have contributed to Global Economic Intersection.

    Note: Roger Erickson points out that Annie Lowrey also published a useful MMT reading list at The New York Times.

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