“How can I, that girl standing there, my attention fix,” asked William Butler Yeats plaintively in the midst of the political upheavals of the early 1930s, “on Roman or on Russian or on Spanish politics?” Well, love and beauty in the Beijing spring weather notwithstanding, it is hard once again not to fix attention on [...]
Continue Reading »
Tags: Dani Rodrik, Eichengreen
Posted in Euro, History • 95 Comments »
In the latest posting on his blog, Dani Rodrik is saying things that I have been implying in some of my pieces but have been very reluctant to say explicitly, largely because I don’t like the political implications for international trade. Rodrik’s post, which is titled “Some unpleasant Keynesian arithmetic”, begins by wondering what the [...]
Continue Reading »
Tags: Dani Rodrik, Keynesian multiplier, Minister of Commerce
Posted in Balance of payments, Consumption and production, PBoC, Policy, Trade protection • 23 Comments »