Links for 26th February, 2019

  1. “He wished to insure “all persons against absolute want,” but this minimum subsistence income had to be made “less desirable than the condition of those who find support for themselves.””
    Before you click on the link, would you care to take a guess about who is batting for UBI? As the article points out, the idea itself isn’t new. Nobody has come up with a clearheaded way of implementing it, though. Also, have you heard of the flypaper effect?
  2. “Any restructuring of Venezuela’s debt will therefore need to be intolerant of holdout creditors of any type because even a marginal holdout community could pose a lethal threat to the prospects for the recovery of the economy.”
    Paging Ronald Coase. Read this article to find out how to think about debt, and debt resolution in international finance – and about how different points of views are inevitably going to emerge. How to reconcile these views? Paging Ronald Coase!
  3. “There is no $3 billion that NYC gets to keep if Amazon does not show up. That “money” was a pledged reduction in Amazon’s future tax burden at the state and local level.”
    In which Tyler Cowen explains to us why Amazon not setting up in New York is bad news – not good. You don’t usually think of the word lugubrious when you think of Professor Cowen, which is worrying.
  4. “The meekness of the pangolin allowed it to survive for tens of millions of years. They are ancient. But humans, the only creatures that can threaten them, have not been kind to them in return. Of the eight species of pangolin, four are listed as vulnerable, two as endangered, and two as critically endangered. They are the most trafficked animals in the world”
    I know very little – next to nothing, in fact, about the pangolin. But reading this article helped me both learn about the pangolin, and about how without some degree of protection, pangolins might well not survive. Also contains interesting snippets about how humanity has, over the ages, tried to make sense of its surroundings. This link is via The Browser – if you like reading, and have some cash to spare, I’d recommend subscribing.
  5. “India is interested in creating a reliable transport corridor that would link it with Central Asia, Russia and Northern Europe; however, the corridor would have to pass through Pakistani territory – and strained relations between New Delhi and Islamabad stand in its way. Similarly, territorial disputes between New Delhi and Beijing have put paid to the hope of a commercial corridor being developed through Chinese territory.”
    How might India develop better relations with the Central Asian nations. Most of us would struggle to even place all the Central Asian nations on a map – but this article helps us begin to understand why the relationship is important, and the challenges associated with developing it.