Assorted Links

Some interesting links below:

(1) “Is China the new #1?,” Naked Keynesianism, April 9, 2012.
Some interesting, critical analysis of the rise of China, with the observation that the “Chinese economy ... is partly owned and managed by a network of firms that are fundamentally from developed countries (in the top 20 above, from the US, the UK, France, Germany and Switzerland). The reverse, that is Chinese control of firms in developed countries, is minimal.”

(2) Bill Mitchell, “A Fiscal Collapse is Imminent – When? – Sometime!,” Billy Blog, April 13, 2012.

(3) Robert P. Murphy, “Origin of the Specie. Debt: The First 5,000 Years, David Graeber,” The American Conservative, April 11, 2012.
Robert P. Murphy’s review of Graeber’s Debt: The First 5,000 Years (Brooklyn, N.Y., 2011) for The American Conservative. Unfortunately, Murphy’s review seems little more than a rehash of his discredited and ignorant critiques of Graeber written last year.

(4) Mike Norman on Capital Account