Ramblings & ephemera

China’s increasing control over American dollars

From James Fallows’ “The $1.4 Trillion Question” (The Atlantic: January/February 2008):
Through the quarter-century in which China has been opening to world trade, Chinese leaders have deliberately held down living standards for their own people and propped them up in the United States. This is the real meaning of the vast trade surplus—$1.4 trillion and counting, [...]

The inevitability of taxation

From Giampaolo Garzarelli’s Open Source Software and the Economics of Organization:
Whenever organizational forms present rapid change because of their strong ties to technology, public policy issues are always thornier than usual. Indeed, historically, it seems that every time that there’s the development of a new technology or production process, the government has to intervene in [...]