Commentary on China’s looming investment implosion, the slow march to legalisation, no Dutch disease here, how much money is enough, and getting Canadians to work.

An old theme well told.

CFA -- Michael Pettis on China: “The Growth Rate in Investment Is Going to Collapse”
“What the world desperately needs is demand,” asserted Michael Pettis, professor of finance at the Guanghua School of Management at Peking University, in the closing session at last week’s 65th CFA Institute Annual Conference in Chicago.

Legalise, commercialise, and tax it.

New York Times -- A Judge’s Plea for Pot
THREE and a half years ago, on my 62nd birthday, doctors discovered a mass on my pancreas.

Let me repeat, a steadily rising currency is an absolutely fantastic thing.

Globe and Mail -- Is Canada grappling with Dutch Disease?
Conventional wisdom says that Canada is fighting a crippling bout of Dutch Disease.

The Currency Market

Can’t buy me love, but just about anything else is for sale. Thanks to Karen of Kingston.

Prospect Magazine -- From Faust to Frankenstein
Should people be paid for donating blood?

Quote worth quoting.

“But what Sandel does, by taking some of the most grotesque instances of market exchange, is to prod us into asking whether we have any reason for drawing a line between what is and what isn’t exchangeable, what can’t be reduced to commodity terms.”

How Much is Enough?
Prof Lord Robert Skidelsky's lecture, entitled 'How Much is Enough? The Economics of the Good Life', contributed to the growing debate on the value of wealth prompted by the economic downturn. Lord Skidelsky argued that wealth is not an end in itself but a means to the achievement and maintenance of a 'good life' and that our economy should be organised to reflect this fact.
 

youtube -- "Money" - Liza Minnelli, Joel Grey

 

Pdf below -- Economic Possibilities of Our Grandchildren & Revisiting Keynes

Get to work.

Globe and Mail -- Federal study suggests moving EI recipients to areas with more jobs
A new study from the Human Resources Department suggests Ottawa is looking at ways to get people receiving employment insurance to move to other regions with more jobs.