Yves here. This article points out, in an unusually straightforward manner for an economics piece, that middle-income countries getting to first world levels of income (and therefore consumption) will be…
By Lambert Strether of Corrente. Bird Song of the Day Black Phoebe (Northern). American Canyon Campground,, San Luis Obispo, California, United States. Here is the “media note” to end all…
Yves here. Wellie, if you read our earlier post on sentiment at Davos, you would have noticed that the Financial Times decided to flog an IMF economic upgrade very hard…
Yves here. The Hayekian fantasy, and Isaiah Berlin’s closely aligned belief, that the measure of freedom is the ability to take unfettered individual action, shows how Industrial-Revolution created infrastructure and…
Yves here. While this article usefully points out how police abuses of power continue to increase, simple-minded solutions like “give them less money” provides no assurance that behavior will change.…
Yves here. Perhaps this is intel is stale, but it comes form a time when inflation-adjusted oil prices were similar to where they are now. I read then that the…
Women beekeepers ‘astonished’ by global response to world record attempt ABC Australia Scientists Gave Penguins a Mirror, And We Have Lots of Questions Science Alert The Who-Ate-Whom of Terms in…
The timing is convenient coming just as Mastercard is piloting a biometric-authenticated payments system in the UK, which will require digital, not physical, wallets. In the almost total absence of…
The level of creative story-telling about Russia’s progress in the Ukraine War has reached the point where the scenario below is not entirely impossible. Sadly yours truly lacks the literary…
Yves here. Lady Fortune has smiled on Europe, at least as far as gas prices are concerned. As Wolf Richter lists below, many factors have broken their way, presently taking…