October 2019 Friday’s e-links: From the Proclivities of Monkeys to Trade Disputes and a Small Town in Alaska

Friday’s e-links: Laurie Santos’s excitement about what she can learn from her monkeys and their economic behavior made this podcast superb.

Big Macs and Currency Manipulators

In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President…

Doha Deadlock

Can you convince a Lubbock, Texas cotton farmer (or his Congressman) to forgo his (maybe $150,000) cotton subsidy? Probably not. After all, these U.S. government payments let him profitably compete in world markets. Correspondingly, would China say yes to a…