I wrote a column in Financial Express on Friday: How leftist is India?. This draws on the data shown in this previous blog post. I just noticed a piece in The Economist which dwells on related themes which is well worth reading.
Many people wrote me email about this piece. An important criticism of this evidence [...]

Gary Becker (link) and Richard Posner (link) opened a discussion on how unions influence policymaking decision. Recently, president Obama imposed punitive 35 percent tariff rate on imported Chinese tire (link) risking the coming trade war. Indeed, China may file a case against the U.S at the WTO, and the WTO may rule against the U.S [...]

Political risk is increasing and predictably the Treasury bubble has been bursting.  There are major machinations going on in the bond market which will significantly affect you.
On 3 January 2009 I wrote United States Treasuries Are The Biggest Bubble Of All and on 18 January 2009 followed it up with Why And How The Treasury [...]

1. The careful reading and valuable insights of Harriet Baldwin, Charles Burns, Timothy Gildner, Cameron Adams, Swee Hsien Tsung and Terry Zou are gratefully acknowledged.
2. Other plans to fix the housing market focus variously on one or more parts of the problem: they aim to shore up the capital of banks, re-constitute the mortgage [...]

This is a copy of the letter I originally emailed to the President, several key Congressmen and women, and news agencies, with no response. I am now sending it out to everyone I can, hoping it won’t be discounted before someone qualified will take a moment, to investigate and evaluate the concepts. For all our [...]

I know a lot of market participants have been looking for this break long before today. My sense has been that they are wrong and the market recovery in the six weeks through Friday can carry a long way, surprise everyone, and ruin the bears’ year as the prices will be set by investors [...]

Whatever you think of the young administration of President Barack Obama, you have to admit the man does not lack for ambition. He promised that sea levels would fall and the lame would walk, and everyone understands that will take at least a couple more months. But taking over the motor industry, well [...]

When Jim asked me whether I was an economic rationalist I thought he was just stirring. The term “economic rationalist” has been used mainly in Australia and doesn’t seem to be used much anywhere these days. I don’t think there were ever many people in Canberra who called themselves economic rationalists. Those of us advocating [...]

We have got to be absolutely clear that protectionism offers no solution. It’s the road to ruin. It protects no-one in the long run at all and we are for a free trade world where we remove barriers rather than create barriers, no matter what the temptation is at this particular point in time for [...]

Obamanomics are an Obamanation.
Robin Hood. President Obama.  Are they the same persona?  Based on TV and Obama’s news conferences both he and the media seem to think so.  “Rob from the rich; give to the poor.”  Of course, he uses the words “you should give more, because you have more”.  But the reality of Obama’s [...]