Kashyap’s excellent short history of the Greek mess (via G. Mankiw)::faculty.chicagobooth.edu/anil.kashyap/r…
mattwridley This makes for priceless reading in retrospect: ec.europa.eu/economy_financ…
sdonnan It’s New Reality Monday in Asia… #AIIB launch ceremony as #IMF prepares for first default by rich world member in its history.
“If there is no sugar on the table, I don’t think we should do the [#TPP] deal.” Seems as if *some* would be enough::theaustralian.com.au/national-affai…
RT @ATabarrok: Justice Robert’s anti-Lochner dissent is actually the most liberal part of the decision. #SupremeCourt
Dissenting justices sympathetic to personal wishes; acknowledge the appeal of same-sex marriage laws. Lucid views, durable argument, IMO.
“[C]onstitutional revision by an unelected committee of nine…robs the People of…the freedom to govern themselvessupremecourt.gov/opinions/14pdf…FnLG
@StephenJacobi Me too! What reason cd. there be for ANY taxes on AU imports in 21st C? Nuts. Easy $7bn GDP boost there any time we want it!
@ozprodcom Trade+Assistance report Fig.4.3 shows that Govt., Parlt. offer fluff, not evidence for benefit of #FTAs::ow.ly/OI1q1
ozprodcom Japan Aust Agreement ‘gap analysis’ shows assessment processes fall short of what is needed. ow.ly/OI1q1 pic.twitter.com/zZ8fCdiUoD
ozprodcom Current trade and industry policies not based on global value chain statistics, and are at best ‘ill-informed’. ow.ly/OI1q1
✔︎✔︎ @snlester on why WTO will still be our most important trade agreement (plus, #TPP can’t settle disputes w/ CHN):huffingtonpost.com/simon-lester/t…
“Greece needs an independent, national, banking system about as much as Ohio or Louisiana need [the same]::johnhcochrane.blogspot.com.au/2015/06/last-g…
SimonEvenett Jury still out on whether “peak” trade is due to cyclical or structural factors or trade distortions. Probably all 3 voxeu.org/content/global…
Value of handouts paid by households, other firms GREW 17% ($1.3 billion) in 2012-13. Yikes!::ow.ly/OI1q1 pic.twitter.com/WjQtGPGbkF
Cutting AU tariffs, subsidies worth more than #TPP. RT @ozprodcom: Trade & Assistance Review::ow.ly/OI1q1 pic.twitter.com/9OzjW04GeV
“Tsipras is proposing that over 90% of the fiscal adjustment be done through tax hikes”… Uh-huh? On Germans maybe!::aei.org/publication/a-…
Like Hazlitt he abhorred what Wellington represented MT @1815now: “I am damned sorry for it.” Lord Byron on Waterloo::pic.twitter.com/9dAng13S3e
snlester FT: “best way to pass trade policy is under … WTO. .. focus on free trade rather than intellectual property rights” ft.com/intl/cms/s/0/8…
Investment in #CHAFTA mostly a baseline for work-in-progress (CHN denies NT on establishment), but includes ISDS::dfat.gov.au/trade/agreemen…
“Worst policy” in previous tweet means: competitors reach FTAs with CHN, JPN, KOR but AU does not.
Model of 3 AU-North-Asian #FTAs: 0.05-0.11% higher GDP in 2035 comp. to unlikely worst policy. dfat.gov.au/about-us/publi… pic.twitter.com/9SCy1WWHxR
@snlester Prosperity is for pussies; it’s positive-sum!
RT @snlester: I get the sense prosperity is not enough for some people; they need world domination as well. twitter.com/pwgallagher/st…
@EconDevlpmt Precisely! Alas, #TPP is now a captive of Obama’s clumsy ‘pivot to Asia’ policy (a mostly-one-sided slanging match with China).
@dikenson Australian Rules football. Wd be a damned tough game!
UPSLongitudes Smart trade policy ensures a future in which trade is easier, less expensive & more democratic buff.ly/1FoN8oa pic.twitter.com/B6I7HOcSwu
Asinine. Trade is about prosperity. “[T]he #TPP was conceived as a crucial tool in the next stage of the cool war”::bloombergview.com/articles/2015-…
@E15Initiative experts. A sort of luminaries’ “Facebook” for world trade. Many friends here. All good-looking! e15initiative.org/members/
Full text of the AUS-CHN #FTA::dfat.gov.au/trade/agreemen…
No thanks! SOEs big investors, customers for AU. “These deals could force today’s [SOEs] out of most global trade”::aei.org/publication/co…
“Does anyone believe that Snowden was the first to take advantage of that lax security? I don’t”::wired.com/2015/06/course…
alanbeattie Nuclear option of comparisons: Greece looking like Doha round. “Negotiations” now all-round preemptive blame-shifting for coming collapse.
CHN and AUS to finalise FTA this week. AUS agreement with IND by end of year? theaustralian.com.au/business/finan…
US negotiators in #TPP, #TTIP now likely to be more demanding (experience agrees with conjecture, here)::washingtonpost.com/blogs/monkey-c…
EdwardGLuce Saying trade increases fairness is like saying exercise makes you beautiful. Obama’s TPA rebuke: ft.com/intl/cms/s/0/3…
You know, don’t you, that almost all benefit we’ll get from #TPP will come from stuff we do for ourselves NOT stuff foreigners do for/to us?
GDP impact without USA? What’s smaller than “nearly none” that we’re expecting now?
Let #TPP go ahead w/out USA! They offer no new access to FTA partners, shut out CHN, want more IP BS & this fiasco is still far from over!
insteconomics FIRB crackdown makes Australia high-cost, says Austrade afr.com/business/agric…
“Ellen Pao is About to Discover the Roger Goodell Problem”::coyoteblog.com/coyote_blog/20…
WaysandMeansGOP ICYMI — NEWSFLASH: Vote on Trade Agreement Still Months Away 1.usa.gov/1dwHwCa
Trade needs leaders to show the way thru threshold costs. For 7 years of diffidence Obama gets 50 House Dems on TPA::thehill.com/policy/finance…
CoherentCrap Peter Cochran, independent scholar…one of the world’s leading authorities on Byron has died
timeshighereducation.co.uk/obituary-peter… pic.twitter.com/YvGkcIPSaW
@snlester I recall USTR hammering those JPN NTBs on autos during the Reagan VRA (that offset JPN currency trickery & low-wage “subsidies”).
insteconomics What is the point of the G7? capx.co/MZQEJ
About that G7’decision’ to eliminate fossil fuels:”Five G7 nations increased their coal use over a five-year period”::theguardian.com/environment/20…
Still, the twists, turns of TPA (this excellent @dikenson) preferable to AU process that allows Parliament no choice::cato.org/publications/f…
In the name of an unlikely “threat”, G7 decides (hah!) against the poor, for indy. handouts & energy inefficiency::ft.com/intl/cms/s/0/e…
Milanovic again on FIFA & global governance. Interesting debate on franchise, but institutions don’t work like that::glineq.blogspot.fr/2015/05/the-ag…
Warren Meyer unriddles trade’s place in the economy “The World’s Most Misunderstood Accounting Identity”:: coyoteblog.com/coyote_blog/20…
@alanbeattie @snlester semi-plausible mashup; ‘brave’ guesses at gains; not much in promised ideas on ISDS. Glad @iccwbo sticks by @wto deal
snlester Awesome piece by @edwardalden on how some trade critics don’t know what they are criticizing! twitter.com/edwardalden/st…
@alanbeattie @snlester 2015 projections seem to use same methods as 2013 (Bali) report fm PIE applied to a reconfigured @wto “Grand Bargain”
@alanbeattie @snlester My error (bad link on the @iccwbo website). Corrected link is iccwbo.org/Advocacy-Codes…
From the Department of #LifeIsTooShortForThis comes “Sepp Blatter’s resignation speech in full”::ft.com/intl/cms/s/0/e…
New PIE report for @ICWBO says reviving @wto Doha worth $4.5tn. Do big gains from TFA or Services pass a sniff test?::iccwbo.org/Advocacy-Codes…
JohnDanilovich .@PIIE_com report for @iccwbo shows that improving global investment climate could boost FDI flows over $1tr bit.ly/1STh6Lm #ISDS
Hockey had no data to back his anti-MNE “Google-tax” stunt? Imprudent, incompetent if true::afr.com/news/policy/ta…
KevinPGallagher US Congress pushed China into launching AIIB, says Bernanke: on.ft.com/1BGDbBZ #FT
Shelley’s worship of Byron, and his exasperation (Pisa, 1822)::
10:12 PM, Jun 2nd, 2015
via YoruFukurou
The other 7bn — not on govt. handouts — will be better off in a (so far, barely) warmer world with cheap coal powerft.com/intl/cms/s/0/e…Eh
@dikenson Weep,too, just quietly.