Things to Read on the Evening of July 14, 2015

Must- and Should-Reads:

• Must-Read: Tim Duy: More Mediocrity
• Doug Henwood (1998): Europe’s Fateful Union
• Must-Read: Daniel Davies: Groptimism
• Wolfgang Munchau: Greece’s brutal creditors have demolished the eurozone project: stripped of ambitions for a political and economic union, the bloc changes into a utilitarian project
• Must-Read: Noah Smith: We’re All Smart. And Dumb. Sometimes
• Must-Read: Matthew Yglesias: The Retirement Age
• Mariana Mazzucato: Greece and the EU: a macro and micro mess up
• Must-Read: Paul Krugman: The Laziness Dogma
• Must-Read: Barry Eichengreen: Saving Greece, Saving Europe
• Reuters: European countries would have to give Greece a 30-year grace period on servicing all its European debt, including new loans, and a very dramatic maturity extension, or else make explicit annual fiscal transfers to the Greek budget or accept ‘deep upfront haircuts’ on their loans to Athens, the report said…. Greek debt… peak at close to 200 percent of economic output…. The latest projections ‘remain subject to considerable downside risk’…. In the laconic technocratic language of IMF officialdom, the report noted that few countries had ever managed to sustain for several decades the primary budget surplus of 3.5 percent of GDP expected of Greece….)
• Mark Thoma: Complicated ties between inequality and growth

Might Like to Be Aware of:

• Liz Bourke: Civics Class Has Never Been Better: “Last First Snow” by Max Gladstone