Assorted links

by Tyler Cowen April 30, 2011 at 2:32 pm

1. Why is this an equilibrium (video of cheetahs)?

2. The real Hayekian answer should be, and sometimes was, nominal gdp targeting, to minimize price distortions. There is much more on Hayek and nominal gdp here (pdf).

3. Via Chris F. Masse, Pepsi Social Vending System Spam Markets in Everything. Egads, can’t you just buy a soda? What’s wrong with monetary exchange?

4. Extending Tim Harford’s idea, are economic facts disappearing (Hernando de Soto)?

5. Brazil is massively violating PPP, I can attest to this.