The Hidden Flaws In China And India Schools : Jay Mathews in the Washington Post says that “India and China, despite their economic successes, have public education systems that are, in many ways, a sham.” India: Toward High-End Outsourcing : Vivek Wadhwa in Business Week claims that “companies on the Subcontinent (are taking) the outsourcing industry to a new level of expertise and competitiveness” . Well, with the rupee’s recent fall, presumably even low-end outsourcing is very attractive The Rise Of Delhi : Suman Bery has an interesting piece in the Business Standard on “the increasing range and intensity of accessible, close to world-class public discourse on issues of public policy on a very broad range of subjects” in Delhi

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Weekend Reading: 28 Feb, 2009

US President Barack Obama says the United States will emerge from uncertain economic times stronger than before.

Originally posted here:
Obama Reassures Public on Economic Revival

Ron Paul questions Ben Bernanke about the economic collapse on 2/25/09. Note: I apologize for the channel surfing during video, CNBC cut away from hearing and I had to find another station.

Link:
Ron Paul v. Ben Bernanke at Semiannual Economic Report Hearing

Allan Meltzer, of Carnegie Mellon University, talks with EconTalk host Russ Roberts about the current state of monetary policy and the potential for inflation. Meltzer explains why inflation hasn’t happened yet, despite massive increases in reserves created by Fed policy. Then he explains why inflation is coming and why it will be politically difficult for the Fed to stop it.

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Meltzer on Inflation

Bullion! That’s the stuff for me! We’ve done a song about how great it is! Hooray for Bullion! More at rathergood.com Get your gold bullion here www.bullionvault.com

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Bullion!

Amar Bhide, of Columbia University and author of The Venturesome Economy, talks with EconTalk host Russ Roberts about the role of entrepreneurship and innovation in a global economy. Bhide argues that the worries about outsourcing and America’s alleged declining leadership in technology are misplaced. He argues that the source of prosperity is not technology per se but the application of technology to actual products that improve our lives and that the American venture system and labor market are very effective at the application of technology.

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Bhide on Outsourcing, Uncertainty, and the Venturesome Economy

It’s busy season. You know the deal.

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Auditors, Accountants, we ask you: Do you have the guts?

Daron Acemoglu, of MIT, talks with EconTalk host Russ Roberts about the financial crisis and the lessons that need to be learned from the crisis. He argues that economists overestimated the stability of self-interest and ignored the institutional context of financial decision-making. He makes the case for new regulation and worries that political decisions will neglect the importance of growth.

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Acemoglu on the Financial Crisis

John Cochrane, of the University of Chicago, talks with EconTalk host Russ Roberts about the financial crisis. He talks about the origins of the crisis, why the Troubled Assets Relief Program (TARP) was flawed from the beginning, why mark-to-market accounting isn’t the cause of the problem, argues for letting banks fail, and makes the case against the large increases in government spending.

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Cochrane on the Financial Crisis