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Sorry about the radio silence--I had a piece to file yesterday, and now, like Greg Mankiw, I'm at a Brookings conference this morning.  Phillip Swagel, the author of the paper he linked, is just about to speak.  I'll be back on line after lunch.

Meanwhile, thoughts on the G20 statement.

  • On the one hand, the new money for the IMF is good
  • On the other hand, the new spending isn't all that big, compared to the size of the wallets represented at the G20
  • On the third hand, there are limits to how much the IMF and related organizations can reasonably deploy
  • On the fourth hand . . . tax havens?  Srsly?  They had time for this?


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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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