Lester Thurow says China won’t overtake the U.S. anytime soon

Curious Capitalist reader YMM alerts me to an interesting Lester Thurow column in the Sunday NYT and wonders what I think. I’m generally very dubious of Professor Thurow, given as how he spent the early 1990s arguing that the U.S. economy was doomed, only to jump on the U.S.-is-best bandwagon later in the decade. But [...]

If California’s economy can’t survive without illegal immigrants, whose problem is that?

Sunday was my last day for a while of reading the San Francisco Chronicle on paper over breakfast (of course, if Jon Fine gets his way, it will be my last day ever of reading the Chron on paper). The lead editorial in particular caught my eye. Headlined “a war on state’s economy,” it begins: [...]

The Fed’s modest little market rescue effort, and what comes next

From this morning’s W$J, an account of what New York Fed President Tim Geithner did last week: Particularly at times of stress, what the Fed says can be almost as powerful a weapon as what the Fed does. So Mr. Geithner, whose job makes him the traditional liaison to Wall Street, turned to a convenient [...]