Ex-M bank is not my favorite institution, but I think it's fine. In terms of what do economists know, a lot is the answer. There are many specific issues of this financing, which I'm not too keen on. But I would like longer term 20 or 30 year loans for infrastructure, mainly to low-income countries. And Ex-MBank is a little bit of a model for that, but we could do better.
Tyler Cowen and Jeffrey Sachs discuss the resource curse, why Russia failed and Poland succeeded, charter cities, Sach's China optimism, JFK, Paul Rosenstein-Rodan, whether Africa will be able to overcome the middle income trap, Paul Krugman, Sach's favorite novel, premature deindustrialization, and how to reform graduate economics education.
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