Economy 20 April 2012 Opinionomics | 20 April 2012 Must-read comment and analysis. A US-heavy round-up featuring the IMF, Greg Mankiw, and some America Print HTML 1. IMF and China are new BFFs (Finanical Times | alphaville) "There seems to be something of a love-in going on between China and the IMF, though admittedly you have to wade through a weighty report to glimpse it," writes Masa Serdarevic. 2. Competition Is Healthy for Governments, Too (New York Times) N. Gregory Mankiw argues that states compete, and are right to compete, to lower tax rates because of citizens moving. 3. America will not go the way of Europe (Washington Post | Wonkblog) Ezra Klein explains why the Eurocrisis is sui generis, and thus why America will not follow that path. 4. Chris Grayling calls me a job snob for questioning those who pay so little (Guardian) Polly Toynbee attacks Grayling, arguing that by cutting tax credits, he is harming the poorest in society. 5. The maths behind the madness (Economist | Graphic Detail) The Economist present their "interactive guide to reducing government debt." › Morning Call: pick of the papers A homeless man smokes in New York City, where the poverty rate has hit 21 per cent since the recession. Photograph: Getty Images Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe More Related articles George Osborne's mistakes are coming back to haunt him The changing world of work Is Kezia Dugdale's tax rise the beginning of an honest debate about tax?