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.