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…