Must-Read: Nick Bunker’s Weekend Reading
Must-Read: : Weekend Reading:
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Matt Levine digs into the argument that index mutual funds reduce corporate competition and what this says about the role of the financial system. http://www.bloombergview.com/articles/2015-07-22/index-funds-may-work-a-little-too-well
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Kevin Carey argues that universities, at least as unified institutions, are illusions. http://www.nytimes.com/2015/07/24/upshot/the-fundamental-way-that-universities-are-an-illusion.html?partner=rss&emc=rss&abt=0002&abg=0
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Izabella Kaminska draws out the connection between the decline in ‘petrodollars’ and global currency reserves. http://ftalphaville.ft.com/2015/07/23/2135091/with-petrodollars-also-go-global-reserves/
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We often use the Great Depression in the United States as the benchmark for the worst recession in history. But is that true? Frances Coppola looks at the data. http://coppolacomment.blogspot.com/2015/07/not-such-great-depression.html
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Noah Smith worries that the decline of manufacturing will take away of key source of growth for low-income countries. http://www.bloombergview.com/articles/2015-07-20/will-the-world-ever-have-fast-economic-growth-again-