Protesting the WTO for free trade (BBC): “The G21 say the rich world needs to keep the promises it made two years ago to cut tariffs.”
Weak Job Market Not Business as Usual (CNN): “The latest weekly jobless claims report was just another reminder of that unsettling fact. In the week ended Sept. 6, 422,000 people filed for employment benefits -- more than the 400,000 economists expected and the worst reading since early summer.”
Inflation rates fall worldwide (WPost): “Economists used to think inflation had to approach an annual rate of 40 percent before it damaged growth prospects, Stanley Fischer, vice chairman of Citigroup and a former first deputy managing director of the IMF, told the group. But now, he said, it is clear that tipping point is about 10 percent per year.”
The Truth about Fair-Trade Coffee (K. Winans, LRC): “We all know that the market price is not about production costs; it’s about how much people are willing to pay. So if Fair Traders convince consumers to pay more for coffee, no matter how they do it, the market price for that coffee hikes upward. Yee haw. Ride the free market wave.”
Posted by Mises.org News
