Why Governments Want More Centralization—and Less Federalism | Gary Galles

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America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States,...

Joe Biden and the ‘great rebalancing’ of the US economy

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“It’s time to reward hard work in America — not wealth.” That statement from US president Joe Biden is perhaps the most concise expression...

Time Preference, Interest Rates, and Stagflation | Frank Shostak

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As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result. Original Article:...

Sunday assorted links – Marginal REVOLUTION

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1. Running a major YouTube channel. 2. “Words in this story.” 3. Second wave puzzles in Iquitos.  And very useful long piece on Long Covid (NYT). 4....

Mining deal adds to Zambian debt woes

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Zambia’s attempts to stabilise its finances in the wake of Africa’s first pandemic-era bond default have been jeopardised by a pre-election push to take...

Vaccine delays in poorer nations threaten rich world’s economy

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Advanced economies face a significant hit to their economic recovery from the coronavirus pandemic unless they help developing countries speed up their vaccination programmes,...

Post-Brexit UK will need all its growth engines firing

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The hinterland is in revolt. This has been a theme of much of the political commentary on the election of Donald Trump and the...

Joe Biden and US allies need a joint approach to China

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Joe Biden’s inauguration as US president offers a crucial opportunity for America — and other western allies — to reset policy on the defining...

Are disenchanted Iranians turning to other faiths? – Marginal REVOLUTION

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The spiritual gap between Iran’s Shia ayatollahs and the people they rule is widening. The strictures of the theocracy and the doctrine of Shia...

China fact of the day – Marginal REVOLUTION

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Bureaucratic politics is a politics of privilege.  By 1956, the wages of the highest-ranking party and government personnel were set at 36.4 times those...

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