quarta-feira, 31 de agosto de 2022

Superabundance

 Out today. Check out the blurbs from Angus Deaton, Jason Furman, George Gilder, Deirdre McCloskey, Steven Pinker . . .

After analyzing the prices of hundreds of commodities, goods, and services spanning two centuries, Marian Tupy and Gale Pooley found that resources became more abundant as the population grew. That was especially true when they looked at “time prices,” which represent the length of time that people must work to buy something.
To their surprise, the authors also found that resource abundance increased faster than the population―a relationship that they call “superabundance.” On average, every additional human being created more value than he or she consumed. This relationship between population growth and abundance is deeply counterintuitive, yet it is true.
Superabundance
CATO.ORG
Superabundance
This controversial and counterintuitive new book examines why population growth and freedom to innovate make Earth’s resources more, not less, abundant.

Comércio exterior do Brasil

 Mais de 35% do PIB em comércio internacional (importações e exportações). É uma cifra que eu jamais imaginei presenciar. A China explica quase todo o salto.

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May be an image of text that says 'COMÉRCIO EXTERIOR DO BRASIL ATINGE RECORDE em proporção do PIB (%) 39 alta de 34% em 2 anos 29 20 23 23 13 14 1960 1970 1980 fonte: Banco Mundial 1990 2000 2010 2019 2021 PODER 360'

US interest rate

 What benchmark interest rate would be “restrictive” and able to slow down demand? Here’s what New York Fed President John Williams thinks.

Central bank digital currency

 “Employees at the Fed have proposed policy recommendations that threaten to wipe out privately issued stablecoins — digital assets backed by the U.S. dollar or bonds. One proposal, according to a paper co-authored by an attorney at the Fed, is to ‘introduce a central bank digital currency and tax private money out of existence.’”

BRICKS Bucks

 Will BRICS Bucks Replace The U.S. Dollar As Global Reserve Currency?

Will BRICS Bucks Replace The U.S. Dollar As Global Reserve Currency?
GSIEXCHANGE.COM
Will BRICS Bucks Replace The U.S. Dollar As Global Reserve Currency?
The exchange rate will be based not on the US dollar but on “BRICS Bucks,” the new reserve currency based on a basket of BRICS. Read now!

sexta-feira, 26 de agosto de 2022

Monetary theory

 The monetary theories of Carl Menger and Friedrich von Wieser: a comparative study

TANDFONLINE.COM
The monetary theories of Carl Menger and Friedrich von Wieser: a comparative study
Menger’s adoption of the twin notions of inner and outer exchange value of money is ambiguous when considered within the broader context of his theory of value and price. Wieser recognised the prob...