September 5, 2007 by Tom Armstrong.

Short article on school choice.

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September 5, 2007 by Tom Armstrong.

From today’s WSJ, it begins:

The recent outcry over poisonous pet food and the recall of lead-tainted toys sourced by Mattel in China proves one thing: We have a China problem. It is not, however, a China problem in the way most people think. It is not a problem with safety standards that threaten our children and our pets. It is a problem with the very fact of China as an emerging force on the global economic stage, and it underscores a profound and worrying trend in American political and economic life. For half a century we fought for the creation of a global capitalist system. Now that we have one, we seem to have forgotten one little thing: Capitalism means competition, and we are acting like we can’t handle it.

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Companies, not countries, bear ultimate responsibility for what they sell under the label, and it says something about current attitudes that so many have collectively forgotten the recent history of product safety concerns and turned it into a China problem.

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September 5, 2007 by Tom Armstrong.

The NBER (National Bureau of Economic Research) Digest for August 2007, a publication summarizing popular research, is available here (6 pages).

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September 5, 2007 by Tom Armstrong.

Article on why a rate cut is not required until we see system wide economic problems, such as rising unemployment or slowing growth (subscription to WSJ required).

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