Continuing on the India theme that ended the previous post, the New Economist cites three articles -- one from the Washington Post, one from Foreign Policy, and one from the website Investment U -- asking who will win the development race, China or India? (The New Economist also points to a pointer from Stumbling and Mumbling to the McMaster University Archive for the History of Economic Thought, a terrific resource, with a self-explanatory label.)
Tyler Cowen ponders the question of euro survival (and doesn't seem to like what where his imagination takes him).
Global Trader's Diary links to a New York Times article claiming that "China's political leadership is actively considering breaking the 11-year link between the dollar and China's currency... at almost daily meetings of the Standing Committee of the Chinese Communist Party's Politburo..."
Mark Thoma reflects on the role of financial markets in economic development, with special application (via an article from the Christian Science Monitor) to Iraq. He also has a useful post on comments from the Fed's Guynn, Fisher, and Greenspan. Not to mention his mother lode of blogosphere charts from the month of May. (My in-house critics are suggesting I'm a front runner in the worst-looking chart race.)
Bryan Caplan at EconLog waxes enthusiastic about Ben Bernanke.
James Hamilton expounds on the future of oil prices at Econbrowser. (Beware, however, the implications of oil futures markets.)
David K. Smith explains this statement:
It always surprises me that serious commentators do not draw the parallels more often between the two great initiatives aimed at closer European integration: the EU and the Eurovision Song Contest.
He also relays the report of the UK''s Shadow Monetary Policy Committee. (They prefer no change in the policy rate.)
More to come, but right now I have to go pull some weeds.