Cosmopolitans R Us
Was in the city yesterday (Saturday), walking along Lonsdale St and, stopped for the traffic at a traffic island, heard the young man of East Asian descent with spiky hair holding the hand of a very pale, blonde girlfriend say into his mobile phone "What do you want to do, bro?" So does globalisation makes cosmopolitans of us all (to varying degrees).
Walking through Exhibition Gardens was very pleasant, with lots of folk sitting or lying around enjoying the serenity of the gardens and lovely weather. One young man was standing up, practising his one-handed juggling.
Friday, was a Grovedale College, a government school on the outer edge of Geelong, so semi-country. The kids dressed up, some spectacularly. Various kids quite spontaneously thanked us at the end of the day.
I have become very interested in monetary economics, since it is clearly so important in understanding present events. Including why Oz has been so insulated from them. There are lots of good economic blogs which focus on monetary economics. My favourite remains the doyen of monetary economic blogs, Scott Sumner's The Money Illusion but there are many worthy such blogs. Marcus Nunes' Historinhas specialises in revealing graphs. David Glasner's Uneasy Money specialises in teasing out the lessons of history. Bill Woolsey's Monetary Freedom blog provides a free banking perspective. Nick Rowe, blogging at Worthwhile Canadian Initiative provides regular intellectual delight. The German blog Kantoos Economics has some postings in English which can be highly informative. Lars Christensen's Market Monetarist blog connects arguments for NGDP targetting to economic theory in a clear way, with plenty of useful links to economic papers.
The success of the Oz economy provides strong evidence for the virtue of an explicit monetary policy target. The issues for that are explored here and (slightly revised version) here. The history of central banking does not provide unalloyed support for central banking.
Walking through Exhibition Gardens was very pleasant, with lots of folk sitting or lying around enjoying the serenity of the gardens and lovely weather. One young man was standing up, practising his one-handed juggling.
Friday, was a Grovedale College, a government school on the outer edge of Geelong, so semi-country. The kids dressed up, some spectacularly. Various kids quite spontaneously thanked us at the end of the day.
I have become very interested in monetary economics, since it is clearly so important in understanding present events. Including why Oz has been so insulated from them. There are lots of good economic blogs which focus on monetary economics. My favourite remains the doyen of monetary economic blogs, Scott Sumner's The Money Illusion but there are many worthy such blogs. Marcus Nunes' Historinhas specialises in revealing graphs. David Glasner's Uneasy Money specialises in teasing out the lessons of history. Bill Woolsey's Monetary Freedom blog provides a free banking perspective. Nick Rowe, blogging at Worthwhile Canadian Initiative provides regular intellectual delight. The German blog Kantoos Economics has some postings in English which can be highly informative. Lars Christensen's Market Monetarist blog connects arguments for NGDP targetting to economic theory in a clear way, with plenty of useful links to economic papers.
The success of the Oz economy provides strong evidence for the virtue of an explicit monetary policy target. The issues for that are explored here and (slightly revised version) here. The history of central banking does not provide unalloyed support for central banking.