No, nothing about the election here. Instead something about the Georgian retail gasoline market, which according to some is not so competitive.
The history of Georgian tea began in 1897 when Lao Cheng Zhao came from China to the imperial estate in the village of Chakvi.
In the last week's Khachapuri Index column in The Financial, we took a break from agriculture and focused instead on the energy sector of Georgia.
The large economies have each, in sequence, offered "models" that once seemed attractive to others but that eventually gave way to disillusionment. Small countries may have some answers.
End of the week –and a fresh serving of interesting links from economist bloggers and blogging economists. 1. Joe Weisenthal from the Business Insider tells us how Ben Bernanke murdered the gold standard – and good riddance too! 2. Nice infographics from Turbotax on the history of taxes in the US. 3. Econbrowser discusses the prospects of the Eurozone crisis. 4. Michael Sandel talks about market thinking from an unusual point of view. Quite illuminating, in a way. 5. The Free Exchange blog explains (or tries to explain) several of America’s macro puzzles. As usual, excellent read. 6. Noahpinion talks about an interesting model of asset bubbles. 7. A very nice piece on heterogeneity from the Minneapolis Fed. 8. Some stabs in the back of libertarianism from Noahpinion again. Couldn’t agree more, really. 9. Witty counterfactual from our old friend, Worthwhile Canadian Initiative. 10. And from him again, something useful for those who like myself teach macro – problems with teaching SRAS shocks