Dear Friends,I wish you the best for the season. In 2007, I hope to write more in this blog to communicate more closely with you.

Dear Friends,I wish you the best for the season. In 2007, I hope to write more in this blog to communicate more closely with you.

リンク: Greg Mankiw's Blog: Ford sums up Hayek.I don't know if Gerald Ford ever read economist Friedrich Hayek's Road to Serfdom (or if he speechwriters did), but this Ford quotation strikes me as a good one-sentence summary of the book:A …

リンク: Greg Mankiw's Blog: Chinese Competitors.Whenever I preach the benefits of unfettered international trade, I can count on a smart-aleck commenter saying something like, "Okay, Mankiw, let's see you compete in the world market agains…

リンク: Economist's View: FRB Dallas: The Perils of Using Preliminary Data.Evan Koenig of the Dallas Fed has a nice discussion of how data revisions complicate monetary policy: Through a Glass, Darkly: How Data Revisions Complicate Monetar…