Interesting blog bits

1. Gary Clyde Hufbauer and Matthew Adler on Why large American gains from globalisation are plausible.

   A popular headline figure quantifying the US payoff from globalisation at $1 trillion per year has been criticised by Dani Rodrik and other sceptics. Here is an explanation and defence of the Peterson Institute’s big number.

2. Gary Becker asks Should US Taxes on Gasoline be Higher?
3. Richard Posner asks Should Gasoline Taxes Be Raised or Lowered?
4. The Illogic of Farm Subsidies, and Other Agricultural Truths from Freakonomics
5. Not PC comments on Queenstown fascists bankrupting bar owners
6. The Visible Hand in Economics comments on the July 2008 official cash rate cut: The long and winding road.
7. Greg Mankiw says its Time to pass out the WIN buttons.