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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

December 21, 2009

The Washington Post staff share their picks for reading around the Web.

An exorbitant privilege? Implications of reserve currencies for competitiveness

The McKinsey Global Institute | McKinsey tries to quantify the trade-offs for the U.S. economy that result from the dollar being the world’s reserve currency. On one hand, it make is cheaper for the U.S. government to borrow money, lowering interest rates. On the other hand, it pushes the value of the dollar higher than it would be otherwise, disadvantaging American exporters.

Santa Claus's Trade Infractions

Wall Street Journal | Does Santa Claus violate anti-dumping and other trade laws? Patrick Thomas and Tom Barry send the bearded one a tongue-in-cheek cease-and-desist letter.

By Sarah Halzack  |  December 21, 2009; 9:53 AM ET
Categories:  Neil Irwin's Must Reads  
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