Spinning like toys:
— The global recovery on monetary policy.
— David Beckworth on monetary policy.
— This from Will Wilkinson is very intelligent but if it were true in a macro sense we’d see large real wage increases despite high unemployment.
— China’s currency is appreciating.
— Immigrants and the wealth of nations.
St Vincent’s “Jesus Saves, I Spend” combines an excellent Good Friday theme with a clever national income accounting identity pun.