The Arrogance of Chinese Power

Here.

Sustainable Capitalism

Toward Sustainable Capitalism by Al Gore and David Blood at WSJ.

What is q?

q and FAQs from Smithers & Co.
US CAPE and q chart.

Blinder on Economic Rescue

Government to the Economic Rescue, a good article by Alan Blinder from WSJ.

What Do China’s Workers Want?

From NYT.

Chinese Workers Win Wave of Raises

This is a good result for Chinese workers.

Mankiw Does Not Like a Soda Tax

Can a Soda Tax Save Us From Ourselves by Greg Mankiw from NYT.

I think that Mankiw is very wrong on this issue. He said the following as an undesirable path after imposing soda tax: "... Taxing soda may encourage better nutrition and benefit our future selves. But so could taxing candy, ice cream and fried foods. Subsidizing broccoli, gym memberships and dental floss comes next. Taxing mindless television shows and subsidizing serious literature cannot be far behind..." These are exactly the policies I think we should do.

Homeownership is Overrated

This is a very interesting point of view by Richard Florida from WSJ.

Risk vs Uncertainty

• About Knightian uncertainty.
• Rogoff on uncertainty and regulation from the lesson of BP oil's spill.

Fair's Model on Yuan

The Yin and Yang of Yuan appreication by Ray Fair from WSJ.
Hmm, I disagree with Prof. Fair. I think there is something wrong with his model.