Mark Perry recently updated a fabulous chart:  Not all inflation is the same.  Some interpretations, from Mark. Tradeable (international competition) / non tradeable; government intervention / free market; durable goods / serv…

Two pieces stood out from some weekend internet meandering.  Marginal Revolution  points to an excellent long letter from Dan Wang  on China. A trenchant part of Dan's essay is, curiously, a few reflections on America. Not ba…