Gold-Backed Ruble, Yuan to Trigger Global De-Dollarization

Gold-Backed Ruble, Yuan to Trigger Global De-Dollarization – http://wp.me/p4Ft7w-OXe

A Capitalist Revolution

A Capitalist Revolution – http://wp.me/p4XFxP-83

The New Deal

The New Deal – http://wp.me/p2qsUX-pM

Great divide between academic, business and government economists

Mostly Economics

Mark Thoma has this another superb article on state of economics. He looks at examples from medical industry where academicians work closely with practitioners. In economics we have very little association between the two.

So medical academics apart from looking at how human body works also works on potential threats/new diseases etc. In economics it is mostly about how economics works and very little to do with treating health of economy and firms.

He starts interestingly:

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The limits of probabilistic reasoning

The limits of probabilistic reasoning – http://wp.me/p1qGxA-6lt

“Change is hard because people overestimate the value of what they have—and underestimate the value of what they may gain by giving that up.”

The Turn of the Screw – http://wp.me/p1Sril-bO

What is meant by “inflation-targeting”? What difficulties do central banks have in pursuing such a policy?

What is meant by “inflation-targeting”? What difficulties do central banks have in pursuing such a p… – http://wp.me/p3rEJB-F

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