TODAY'S recommended economics writing:  How will the new
exchange rate regime affect the Chinese economy (Vox)  Is
macroeconomics hard? (Brad DeLong)  India: cheap cars set to
gain from fuel price liberalisation (FT beyondbrics)  The golden
goal and attack-oriented soccer (Cheap Talk)  Ten commandments
for fiscal adjustment in advanced economies (IMF Direct)  Is
monetary policy too expansionary or not expansionary enough?
(Martin Wolf)  Greater fools (James Surowiecki)  Why won't those
&$*%#@ bloggers go away? (Scott Sumner)  JP Morgan responds to
financial reform: the poison pill strategy (Simon Johnson)