Some Links

Carpe Diem's Mark Perry offers a much-needed tutorial on the mirror-'imageness' of the capital-account with the current-account.  (I am convinced that collecting national data on international trade and financial flows has done net harm to people around the globe.)

I predict that some of my libertarian friends will disapprove of what I say in my most recent column in The Freeman.

Greg Mankiw posts a picture of an achievement of central planning.