1. Carrying costs > liquidity premium, German dead body edition. Raise the price of a donation, I say.
2. Liquidity premium > carrying costs, German live body edition, disintermediation; “He meets 10 to 15 women a month.” Recommended, I read it twice.
3. Jeff Sachs toys with the idea of a three-child limit for Nigeria (for fathers? mothers? probably de facto just the latter, then won’t it boost polygamy?). In any case it would be a huge tax on rural Nigerians and it is a very bad idea, not to mention a massive violation of personal liberty. Wouldn’t a more right-wing thinker have encountered a firestorm for a similar proposal? (Addendum: a related set of links and commentary from Chris Blattman.)
5. Me in El Diario, on El Paso and Ciudad Juárez, sister cities of a sort, a wonderful near-controlled experiment on how the law influences our food (in Spanish).