Tag: roundup

• Rucker C. Johnson and C. Kirabo Jackson: REDUCING INEQUALITY THROUGH DYNAMIC COMPLEMENTARITY: EVIDENCE FROM HEAD START AND PUBLIC SCHOOL SPENDING: “We explore whether early childhood human-capital investments are complementary to those made later in life…” http://www.bradford-delong.com/2017/06/should-read-rucker-c-johnson-and-c-kirabo-jackson-reducing-inequality-through-dynamic-complementarity-evidence-from.html
• Nick Bunker: EQUITY, EFFICIENCY AND EDUCATION SPENDING IN THE UNITED STATES: “Released today as part of the Equitable Growth Working Paper series… Rucker C. Johnson of the University of California-Berkeley and C. Kirabo Jackson…” http://www.bradford-delong.com/2017/06/should-read-nick-bunker-equity-efficiency-and-education-spending-in-the-united-states-released-today-as-part-of-the.html
• Sarah Kliff: On Twitter: “A stunning pair of charts of the CBO report from my colleague @alv9n https://t.co/nZHz8OMurV“ https://twitter.com/sarahkliff/status/879460806198538241
• Atul Gewande: How the Senate’s Health-Care Bill Threatens the Nation’s Health: “The Senate bill would also ultimately make people who buy insurance on the A.C.A. exchanges—people without coverage from an employer or from Medicaid—pay far more money for far worse coverage… http://www.newyorker.com/news/news-desk/how-senates-health-care-bill-threatens-nations-health
• Erica Grieder: The GOP’s ‘Better Care’ act is better than you think: “While the Affordable Care Act has surely helped millions of Americans… http://theweek.com/articles/707712/gops-better-care-act-better-than-think
• Scott Lemieux: Hacktacular!: “The New York Times has given op-ed space to Avik Roy, so he can prove that you can’t spell ‘reformicon’ without ‘con’… http://www.lawyersgunsmoneyblog.com/2017/06/hacktacular-30
• Scott Lemieux: No Vote on TrumpCare In June: “This really is important… http://www.lawyersgunsmoneyblog.com/2017/06/no-vote-trumpcare-june
• Tara Golshan, Dylan Scott, and Jeff Stein: We asked 8 Senate Republicans to explain what their health bill is trying to do: “Vox asked GOP senators to explain their hopes for it. Who will benefit from the legislation? What problems is this bill trying to solve?.. https://www.vox.com/policy-and-politics/2017/6/16/15810524/senate-ahca-explain-please
• Ben Zipperer and John Schmitt: The “high road” Seattle labor market and the effects of the minimum wage increase: Data limitations and methodological problems bias new analysis of Seattle’s minimum wage increase: “Jardim et al. (2017), looks at the first two stages of a phased-in set of increases that will eventually take the minimum wage in the city to $15.00 per hour… http://www.epi.org/publication/the-high-road-seattle-labor-market-and-the-effects-of-the-minimum-wage-increase-data-limitations-and-methodological-problems-bias-new-analysis-of-seattles-minimum-wage-incr/
• David Brooks: The G.O.P. Rejects Conservatism: “”There is a structural flaw in modern capitalism… [a] gigantic trend [that] widens inequality, exacerbates social segmentation, fuels distrust and led to Donald Trump… https://www.nytimes.com/2017/06/27/opinion/the-gop-rejects-conservatism.html
• Tierney Sneed: 5 Points On The Brutal CBO Score Senate Republicans Must Overcome: “The new score offers Senate GOPers nowhere to hide… http://talkingpointsmemo.com/fivepoints/senate-repeal-bill-cbo-score-politics
• Lane Kenworthy and Ive Marx: In-Work Poverty in the United States: “In-work poverty became a prominent policy issue in the United States… http://ftp.iza.org/dp10638.pdf
• Diane Coyle: Economics in Transition: The End of Theory: “There has been a huge shift away from the reductionism of an older generation… to which Bookstaber has paid little attention… https://www.project-syndicate.org/onpoint/economics-in-transition-by-diane-coyle-2017-06
• Larry Summers: Globalization Will Work If We Stop Catering To The Elite: “A wage subsidy works like this… http://www.huffingtonpost.com/entry/globalization-larry-summers_us_594b0440e4b0312cfb616164

Interesting Reads:

• Timothy Layton, Ellen Montz, and Thomas McGuire: The Downstream Consequences Of Per Capita Spending Caps In Medicaid http://healthaffairs.org/blog/2017/06/26/the-downstream-consequences-of-per-capita-spending-caps-in-medicaid/
• James Kwak: A New Economic Vision, in 27 Words: “So here it is, in 27 words: All people need a few basic things: An education, a job, a place to live, health care, a decent retirement. Let’s make sure everyone has these things. If you want more, there is always the long version…” https://baselinescenario.com/2017/06/28/a-new-economic-vision-in-27-words/
• Barry Eichengreen: Ragnar Nurkse and the international financial architecture https://www.eestipank.ee/en/publication/working-papers/2017/12017-barry-eichengreen-ragnar-nurkse-and-international-financial-architecture

• Should-Read: Richard Peach and Charles Steindel: Low Productivity Growth: The Capital Formation Link: “Capital intensity… reflect[s] the effect of current and past physical investment on the growth of labor productivity… http://libertystreeteconomics.newyorkfed.org/2017/06/low-productivity-growth-the-capital-formation-link.html
• Must-Read: Nicholas Bagley: Crazy waivers: the Senate bill invites states to gut important health insurance rules: “The bill goes further to grease the wheels for waivers… https://www.vox.com/the-big-idea/2017/6/23/15862268/waivers-federalism-senate-bill-essential-benefits
• Must-Read: David Anderson: Reading the BCRA CBO Score: “The Congressional Budget Office is due to release their score on the Senate’s BCRA bill at some point today. Here are a few things to remember as you read the score… https://www.balloon-juice.com/2017/06/26/reading-the-bcra-cbo-score/
• Must-Read: Benjamin D. Sommers, Atul A. Gawande, and Katherine Baicker: Health Insurance Coverage and Health—What the Recent Evidence Tells Us: “Perhaps no research question better encapsulates this policy debate than, ‘Does coverage save lives?… http://www.nejm.org/doi/full/10.1056/NEJMsb1706645#.WUriDI_R7Z4
• Must-Read: Minxin Pei: Xi Jinping’s war on the ‘financial crocodiles’ gathers pace: “Beijing will pass off a politically motivated purge as tough regulatory enforcement… https://www.ft.com/content/19810ea2-5814-11e7-80b6-9bfa4c1f83d2
• Should-Read: Thucydides: ,History of the Peloponnesian War: “To hear this history recited, for that there be inserted in it no fables… http://www.perseus.tufts.edu/hopper/text?doc=Perseus%3Atext%3A1999.04.0105%3Abook%3D1%3Achapter%3D22

Interesting Reads:

• Four Links for 2007-06-25 http://www.bradford-delong.com/2007/06/links-for-200-4.html: Samuelson, P.A. (1971) “Understanding the Marxian Notion of Exploitation: A Summary of the So-Called Transformation Problem Between Marxian Values and Competitive Prices” Journal of Economic Literature 9 2 399–431…
• One Link for 2007-06-24 http://www.bradford-delong.com/2007/06/links-for-200-3.html: EBMUD East Bay Trails…
• Ten Links for 2007-06-23 http://www.bradford-delong.com/2007/06/links-for-200-2.html
• Michael Clemens on the Real Immigrant Underclass: “The People Who Wanted To Come, But Could Not” http://www.bradford-delong.com/2007/06/michael-clemens.html: Michael Clemens of the Center for Global Development, with a good rant, including bonus New Republic bashing…
• Richard Thaler: Slippery Slope Arguments Should Be Avoided Unless There Is Proof that the Slope Is Greased http://www.bradford-delong.com/2007/06/richard-thaler-.html
• Annals of Horticulture http://www.bradford-delong.com/2007/06/annals-of-horti.html: Air conditioners leak incredible amounts of moisture, even in arid climates like Tucson. This plant has found the one moist spot for acres around, and is responding appropriately…
• Wonders of the California Republican Party http://www.bradford-delong.com/2007/06/wonders-of-the-.html
• Jim Hamilton and Mark Zandi on Interest Rates http://www.bradford-delong.com/2007/06/jim-hamilton-an.html
• Why Oh Why Can’t We Have a Better Press Corps? (The Hill Edition) http://www.bradford-delong.com/2007/06/why-oh-why-cant.html: Matthew Yglesias: “Carping: The Hill’s Elana Shor on Barack Obama’s earmarks…”
• The Evolution of Household Income Volatility http://www.bradford-delong.com/2007/06/the-evolution-o.html
• “Orthodox” and “Heterodox” Economics Once Again http://www.bradford-delong.com/2007/06/orthodox-and-he.html
• Links, etc., for the Week of June 26, 2017 http://www.bradford-delong.com/2017/06/links-etc-for-the-week-of-june-26-2017.html
• Kagans Smackdown/Hoisted from Archives: History as Tragedy: The Peloponnesian War http://www.bradford-delong.com/2017/06/monday-kagans-smackdownhoisted-from-the-archives-history-as-tragedy-the-peloponnesian-war-hoisted-from-the-archives.html
• Worth Noting from Grasping Reality: March 2007 http://www.bradford-delong.com/2017/06/worth-noting-from-grasping-reality-march-2007.html
• Stalinists Gonna Stalin: Hoisted from 2007: Michael Berube is back, eviscerating Alexander Cockburn and Edward Herman, those notorious stooges-in-search-of-a-Stalin: Michael Berube (2007): HOW DO I SLEEP?: “My position on Iraq four years ago hasn’t led me to wonder how much responsibility I have for the war. I opposed the war, and no, I’m not sorry about that…. Perhaps you think this is just sloppy Alex Cockburn making a sloppy mistake…” http://www.bradford-delong.com/2017/06/stalinists-gonna-stalin-hoisted-from-2007-michael-berube-is-back-eviscerating-alexander-cockburn-and-edward-herman-th.html
• Thinking About the Unfortunately Thinkable: Iran—and Bush: Hoisted from the Archives from Ten Years Ago http://www.bradford-delong.com/2017/06/thinking-about-the-unfortunately-thinkable-iranand-bush-hoisted-from-the-archives-from-ten-years-ago.html
• Ten Years Ago in Grasping Reality: June 25, 2007 http://www.bradford-delong.com/2017/06/ten-years-ago-in-grasping-reality-june-25-2007.html
• Weekend Reading: Origin of “‘Cry ‘Havoc’, and Let Slip the Dogs of War!”? http://www.bradford-delong.com/2017/06/weekend-reading-origin-of-cry-havoc-and-let-slip-the-dogs-of-war.html
• Weekend Reading: Aristotle: Politics: Property and Wealth http://www.bradford-delong.com/2017/06/weekend-reading-aristotle-politics-property-and-wealth.html
• Weekend Reading: Oration on the Dignity of Man http://www.bradford-delong.com/2017/06/oration-on-the-dignity-of-man.html

• Alberto Alesina, Stefanie Stantcheva, Edoardo Teso: Intergenerational mobility and preferences for redistribution: “Americans are generally thought to view the economic system as fair and see wealth as a reward for ability and effort… http://voxeu.org/article/intergenerational-mobility-and-preferences-redistribution
• Brantly Callaway and William J. Collins: Unions, Workers, and Wages at the Peak of the American Labor Movement: “A novel dataset compiled from archival records… http://www.nber.org/papers/w23516.pdf
• CHM Live: Putting Your Finger On It: Creating the iPhone: “Nitin Ganatra, Scott Herz, and Hugo Fiennes in Conversation with John Markoff… https://www.youtube.com/watch?v=5xDRdWFdsoQ&ab_channel=ComputerHistoryMuseum
• Nick Bunker: Is the Fed being misguided by the Phillips curve?: “Looking at the prime-age employment rate, the labor market might have a bit more tightening to do before wage growth is going to pick up significantly… https://equitablegrowth.org/equitablog/value-added/is-the-fed-being-misguided-by-the-phillips-curve/
• Sergio Espuelas: The inequality trap. A comparative analysis of social spending between 1880 and 1930: “Using social transfers as an indicator of redistribution and three alternative proxies for inequality… http://onlinelibrary.wiley.com/doi/10.1111/1468-0289.12062/full
• Jens H.E. Christensen and Glenn D. Rudebusch: New Evidence for a Lower New Normal in Interest Rates: “Inflation-indexed bond prices include a real term premium… face appreciable liquidity risk… http://www.frbsf.org/economic-research/publications/economic-letter/2017/june/financial-market-evidence-for-lower-natural-interest-rate-r-star/
• Michael Reich, Sylvia Allegretto, and Anna Godoey: Seattle’s Minimum Wage Experience 2015-16: “Seattle implemented the first phase of its minimum wage law on April 1, 2015… http://irle.berkeley.edu/seattles-minimum-wage-experience-2015-16/
• Eugene Wei (2012): Amazon, Apple, and the beauty of low margins: “Amazon’s core retail business is, I’d argue, still very secure… http://www.eugenewei.com/blog/2012/11/28/amazon-and-margins

Interesting Reads:

• Nick Bunker: Weekend reading: “If you liked those links, check out these” edition: “Discrimination in the U.S. labor market is a very real thing… https://equitablegrowth.org/equitablog/weekend-reading-if-you-liked-those-links-check-out-these-edition/
• Sarah Kliff: The Better Care Reconciliation Act: the Senate bill to repeal and replace Obamacare, explained https://www.vox.com/policy-and-politics/2017/6/22/15846728/senate-plan-better-care-reconciliation-act
• Christopher Meissner and John Tang: Japan’s entry into world markets during the first age of globalisation: “The Japanese experience after the liberalisation of the 1850s suggests that trade costs, destination market demand conditions, and product specific factors played key roles…” http://voxeu.org/article/japans-entry-world-markets-during-first-age-globalisation
• Tavneet Suri: VoxDev http://voxdev.org/
• Weekend Reading: Why Do Democracies Fail?: David Frum on Dan Ziblatt http://www.bradford-delong.com/2017/06/weekend-reading-why-do-democracies-fail-david-frum-on-dan-ziblatt.html
• For the Weekend… http://www.bradford-delong.com/2017/06/for-the-weekend-1.html

• Donald A. Yerxa: AN INTERVIEW WITH BRYAN WARD-PERKINS ON THE FALL OF ROME http://www.webcitation.org/6O3GYBfS1?url=http%3A%2F%2Fwww.bu.edu%2Fhistoric%2Fhs%2Fperkins.pdf: “‘AT THE HOUR OF MIDNIGHT THE SALERIAN GATE WAS silently opened, and the inhabitants were awakened by the tremendous sound of the Gothic trumpet…
• Heather Boushey: The unfortunate power of stereotypes: “If stereotypes lead judges to snap judgements that are racially biased… https://equitablegrowth.org/equitablog/value-added/the-unfortunate-power-of-stereotypes/
• Nick Bunker: Weekend Reading: Shifting Targets Edition: “Some critics of the disability insurance system in the United States think it is too easy to access… https://equitablegrowth.org/equitablog/weekend-reading-shifting-targets-edition/
• Ben Thompson: Amazon’s New Customer: “the key to understanding the purchase of Whole Foods… is that Amazon is buying a customer—the first-and-best customer that will instantly bring its grocery efforts to scale… https://stratechery.com/2017/amazons-new-customer/
• Mark Thoma: Trump’s Apprenticeships are Based upon a Problem That Doesn’t Exist: “The evidence… points to a skills mismatch… http://www.thefiscaltimes.com/Columns/2017/06/19/Trump-s-Apprenticeships-are-Based-upon-Problem-Doesn-t-Exist
• Izabella Kaminska: On the rise of unproductive entrepreneurs like Travis Kalanick https://ftalphaville.ft.com/2017/06/15/2190201/on-the-rise-of-unproductive-entrepreneurs-like-travis-kalanick/: “Robert E. Litan and Ian Hathaway… citing the work of William Baumol, who passed away last month…
• Paul Krugman: A Finger Exercise On Hyperglobalization: “I find myself trying to find simple ways to talk about ‘hyperglobalization’… https://krugman.blogs.nytimes.com/2017/06/14/a-finger-exercise-on-hyperglobalization/
• David Glasner: FIFTEEN THOUSAND WORDS ON TEMPORARY EQUILIBRIUM, EXPECTATIONS, AND CONSISTENCY OF PLANS
• Neel Kashkari: Why I Dissented Again: “The economy is sending mixed signals: a tight labor market and weakening inflation… https://medium.com/@neelkashkari/why-i-dissented-again-b8579ab664b7

Interesting Reads:

• Oskar Morgenstern (1935): Perfect Foresight and Economic Equilibrium https://www.princeton.edu/~erp/ERParchives/archivepdfs/element%20of%20time%20in%20value%20theory.pdf
• Eric Turkheimer, Kathryn Paige Harden, and Richard E. Nisbett: There’s still no good reason to believe black-white IQ differences are due to genes: “If you were persuaded by Murray and Harris’s conclusion that the black-white IQ gap is partially genetic, but uncomfortable with the idea that the same kind of thinking might apply to the personality traits of Jews, I have one question: Why? Couldn’t there just as easily be a science of whether Jews are genetically ‘tuned to’ (Harris’s phrase) different levels of materialism than gentiles?On the other hand, if you no longer believe this old anti-Semitic trope, is it because some scientific study has been conducted showing that it is false? And if the problem is simply that we haven’t run the studies, why shouldn’t we?…” https://www.vox.com/the-big-idea/2017/6/15/15797120/race-black-white-iq-response-critics
• Tim O’Reilly: Do More! What Amazon Teaches Us About AI and the “Jobless Future”: “This is the master design pattern for applying technology: Do more. Do things that were previously unimaginable…” https://medium.com/the-wtf-economy/do-more-what-amazon-teaches-us-about-ai-and-the-jobless-future-8051b19a66af
• Evan Horowitz: Unemployment is rising, and that’s good news. Really http://www.bostonglobe.com/business/2017/06/15/unemployment-rising-and-that-good-news-really/nQVe3gkbyQm6L0Qp3c4n3O/story.html: “Sometimes, when the state’s unemployment rate goes up, it’s actually good news. It means jobs have become so plentiful that long-discouraged folks start thinking, ‘Maybe I should look for work again’…”
• Reading List for an Ungiven Course: The “Classical” Mediterranean Economy http://www.bradford-delong.com/2017/06/reading-list-for-an-ungiven-course-the-classical-mediterranean-economy.html

• Kavya Vaghul: Conservation easements and tax policies in the United States: “Deductions for conservation easement donations are taken by taxpayers in states that have small shares of conserved land… https://equitablegrowth.org/equitablog/value-added/conservation-easements-and-tax-policies-in-the-united-states/
• Bridget Ansel: A research roundup on unpredictable schedules in the United States: “For Americans with a 9-to-5 job, it can be hard to imagine the life of a worker with an unpredictable, constantly shifting schedule… https://equitablegrowth.org/equitablog/value-added/a-research-roundup-on-unpredictable-schedules-in-the-united-states/
• Janet Yellen and Nancy Marchall Genzer: Janet Yellen Interested in Reevaluating 2% https://www.c-span.org/video/?c4673824/janet-yellen-interested-reevaluating-2: “Nancy Marchall Genzer, Marketplace: ‘Recently, a group of economists sent the Fed a letter…
• Lawrence Summers: 5 reasons the Fed may be making a mistake http://delong.typepad.com/summers5-reasons.zip: “The… paradigm… is highly problematic.  Much better would be a “shoot only when you see the whites of the eyes of inflation” paradigm…
• David Cutler and Emily Gee: Coverage Losses Under the ACA Repeal Bill for Congressional Districts in All States: “Within a decade, on average, an additional 55,000 more individuals in each congressional district, or nearly 8 percent… would lack coverage… https://www.americanprogress.org/issues/healthcare/news/2017/03/21/428914/coverage-losses-aca-repeal-bill-congressional-districts-states/
• Dodge Cahan and Niklas Potrafke: The Democratic-Republican Presidential Growth Gap and the Partisan Balance of the State Governments: “Higher economic growth was generated during Democratic presidencies compared to Republican presidencies… http://econpapers.repec.org/paper/cesceswps/_5f6517.htm
• David Grabowski, Jonathan Gruber, and Vincent Mor: You’re Probably Going to Need Medicaid: “Imagine your mother needs to move into a nursing home… https://www.nytimes.com/2017/06/13/opinion/youre-probably-going-to-need-medicaid.html?ref=opinion&_r=0
• Laura Tyson: Labor Markets in the Age of Automation: “Skill-biased and labor-displacing intelligent machines and automation drive income inequality in several other ways… https://www.project-syndicate.org/commentary/automation-labor-market-inequality-by-laura-tyson-2017-06
• Barry Ritholtz: Tax Reform Is Dead: “The long-awaited ‘pivot towards being presidential’ hasn’t arrived, and by all indications never will… http://ritholtz.com/2017/06/tax-reform-dead/

Interesting Reads:

• Mary Amiti, Mi Dai, Robert C. Feenstra, and John Romalis: How Did China’s WTO Entry Benefit U.S. Consumers?: “At least two-thirds of the China WTO effect on the U.S. price index of manufactured goods was through China lowering its own tariffs on intermediate inputs…” http://www.nber.org/papers/w23487
• Sabri Ben-Achour: Is 2 percent a good target rate for inflation? The Fed has never been sure https://www.marketplace.org/2017/06/09/economy/2-percent-good-target-rate-inflation-fed-has-never-been-sure
• Ady Barkan: The Fed should rethink how its conducts monetary policy: “My prediction is that within a year or two, you’re going to see the Fed make this smart policy change…” http://www.businessinsider.com/the-fed-should-rethink-how-its-conducts-monetary-policy-2017-6
• Bob Friday: 4 key AI concepts you need to understand: “Every artificial intelligence solution is built on these four… foundational elements… categorization, classification, machine learning, and collaborative filtering…” http://www.infoworld.com/article/3200790/artificial-intelligence/4-key-ai-concepts-you-need-to-understand.html
• Narayana Kocherlakota: The Fed’s Unspoken Mandate: “It wants to be “normal,” and that’s bad for most Americans…” https://www.bloomberg.com/view/articles/2017-06-13/the-fed-s-unspoken-mandate
• Barry Eichengreen: Can US States Right Trump’s Wrongs? https://www.project-syndicate.org/commentary/states-rights-trump-wrongs-by-barry-eichengreen-2017-06
• Nina Shapiro: The Hidden Cost of Privatization https://www.ineteconomics.org/perspectives/blog/the-business-of-government

• Kavya Vaghul: Weekend reading: the “real-live experiment” edition: “Monetary policy can help increase consumption through redistributing income across households…
• EPI: The Color of Law Tickets, Thu, Jun 8, 2017 at 11:00 AM: “On Thursday, June 8th the Economic Policy Institute and the Poverty & Race Research Action Council present Richard Rothstein as he discusses his new book, The Color of Law: A Forgotten History of How Our Government Segregated America… https://www.eventbrite.com/e/the-color-of-law-tickets-34478748866
• Noah Smith: Actually good Silicon Valley critiques?: “Suppose we did want to criticize Silicon Valley and not end up looking foolish… http://noahpinionblog.blogspot.com/2017/05/actually-good-silicon-valley-critiques.html
• Narayana Kocherlakota: The Fed Needs a Better Inflation Target: “A higher goal, with more public support, would benefit the central bank and the economy… https://www.bloomberg.com/view/articles/2017-06-08/republicans-weren-t-smiling-about-comey-or-trump
• Tim Carmody (2010): Stock and Flow: “Stock and flow is the master metaphor for media today… http://snarkmarket.com/2010/4890

Interesting Reads:

• Wikipedia: The Rise of the Meritocracy https://en.wikipedia.org/wiki/The_Rise_of_the_Meritocracy
• Statement for the BBC on the Disruption of Berkeley Speaker Event on February 1, 2017: http://www.bradford-delong.com/2017/02/statement-for-the-bbc-on-the-disruption-of-berkeley-speaker-event-on-february-1-2017.html
• 2009: Why Friends Don’t Let Friends Step Inside the American Enterprise Institute: “Charles Murray’s recent big AEI speech…. I’d seen quite a few conservatives offer it lavish praise…. His argument is that the problem with a social democratic model is that it makes people too fat and happy, thus depriving them of the higher contentment offered by suffering and misery…” http://delong.typepad.com/sdj/2009/03/why-friends-dont-let-friends-step-inside-the-american-enterprise-institute.html
• Rich Miller: Fed Should Study Higher Inflation Target, Liberal Economists Say: https://www.bloomberg.com/news/articles/2017-06-09/fed-should-study-higher-inflation-target-liberal-economists-say
• Noah Smith: Summing up my thoughts on macroeconomics http://noahpinionblog.blogspot.com/2017/06/summing-up-my-thoughts-on-macroeconomics.html
• Neil Irwin: Of Kiwis and Currencies: How a 2% Inflation Target Became Global Economic Gospel https://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-currencies-how-a-2-inflation-target-became-global-economic-gospel.html?mcubz=2&_r=0
• Charles P. Kindleberger: Manias, Panics and Crashes: A History of Financial Crises http://amzn.to/2s5Gadi
• John Kenneth Galbraith: The Great Crash 1929 http://amzn.to/2sUEjEu
• Noah Smith: Authoritarians Flop as Economic Modernizers: “The myth of the enlightened despot who spurs growth endures even though democratic reformers have a better record…” https://www.bloomberg.com/view/articles/2017-06-07/authoritarians-flop-as-economic-modernizers?utm_content=view&utm_campaign=socialflow-organic
• “Populism” or “Neo-Fascism”?: Rectification of Names Blogging http://www.bradford-delong.com/2017/06/populism-or-neo-fascism-rectification-of-names-blogging.html: “Fukuyama… has also been smart and lucky enough to have a truly singular achievement in his career…”
• Why the Fed Should Rethink Its 2%/Year No-Lookback Inflation Target http://www.bradford-delong.com/2017/06/why-the-fed-should-rethink-its-2year-no-lookback-inflation-target.html: “The Federal Reserve would be very smart to abandon its 2%/year no-lookback inflation target for a less destructive policy framework…”
• Rethink 2% http://www.bradford-delong.com/2017/06/rethink-2.html: “We believe that the Fed should appoint a diverse and representative blue ribbon commission with expertise, integrity, and transparency to evaluate and expeditiously recommend a path forward…”
• My Sections: As Delivered: Fed Up Rethink 2% Inflation Target Blue-Ribbon Commission Conference Call http://www.bradford-delong.com/2017/06/my-sections-as-delivered-fed-up-rethink-2-inflation-target-blue-ribbon-commission-conference-call.html: “My job here…. is to get all medieval, in the sense of Thomas Aquinas, on you…”
• (Early) Monday Smackdown: Annals of Low-Quality Sociometry: Andrew Sullivan Edition http://www.bradford-delong.com/2017/06/early-monday-smackdown-annals-of-low-quality-sociometry-andrew-sullivan-edition.html: “Really?… There’s no need to give up hope. Here’s what Flynn really said…”
• Weekend Reading: Ralf Dahrendorf on Frank Fukuyama: from “Reflections on the Revolution in Europe” http://www.bradford-delong.com/2017/06/weekend-reading-ralf-dahrendorf-on-frank-fukuyama-from-reflections-on-the-revolution-in-europe.html: “Let me note that the very sharp Ralf Dahrendorf is, I think, pretty much 100% wrong here in his criticisms of Frank—but it is worth noting precisely because Frank’s “The End of History?” struck such a powerful nerve here…””
• Comment of the Day: Charles Steindel: On the Negative Information Revealed by Marvin Goodfriend’s “I Don’t Teach IS-LM”: “Macroeconomics is all about the interplay between the markets for final goods and services and the markets for existing assets (mainly financial)…” http://www.bradford-delong.com/2017/06/on-the-negative-information-revealed-by-marvin-goodfriends-i-dont-teach-is-lm-1.html
• Comment of the Day: Charles Steindel: WHY THE FED SHOULD RETHINK ITS 2%/YEAR NO-LOOKBACK INFLATION TARGET: “I’ve long thought that whatever the target is, they are looking at the wrong index…” http://www.bradford-delong.com/2017/06/comment-of-the-day-charles-steindel-why-the-fed-should-rethink-its-2year-no-lookback-inflation-target-ive-long-tho.html

• Sarah Kliff: Nevada’s legislature just passed a radical plan to let anybody sign up for Medicaid: “Nevada’s bill… just four pages… would allow any state resident… to buy into the state Medicaid program… under the name the Nevada Care Plan… https://www.vox.com/policy-and-politics/2017/6/6/15731622/nevada-medicaid-for-all
• Olivia P. Judson: The energy expansions of evolution: “The history of the life–Earth system can be divided into five ‘energetic’ epochs… https://www.nature.com/articles/s41559-017-0138
• Henry Farrell: The Strange Death of Anglo-American Liberalism: “The Financial Times… committed to free markets, but with a undertone that they had to have decent outcomes… http://crookedtimber.org/2017/05/31/the-strange-death-of-anglo-american-liberalism/
• Laura Panza and Jeffrey G. Williamson: Australian Squatters, Convicts, and Capitalists: Dividing Up a Fast-Growing Frontier Pie 1821-1871: “Compared with its nineteenth century competitors, Australian GDP per worker grew exceptionally fast… http://www.nber.org/papers/w23416
• (1995): Trade Policy and America’s Standard of Living: An Historical Perspective http://pages.ucsd.edu/~jlbroz/Courses/POLI142B/syllabus/delong.pdf: Before the Great Depression, the U.S. went through waves of protection and liberalization…
• Mark Thoma: The More Trump Fails, the Better Off We’ll Be: “The Trump administration has gone to war against independent sources of information that pose a challenge to its policy goals and the narratives… http://www.thefiscaltimes.com/Columns/2017/06/05/More-Trump-Fails-Better-We-ll-Be
• Financial Times: The needless urge for higher borrowing costs: “Talk of ‘normalising’ interest rates betrays a mistaken belief… https://www.ft.com/content/b752f7dc-4782-11e7-8d27-59b4dd6296b8
• Nick Bunker: Monetary policy via income redistribution: “Combining these three redistribution channels… https://equitablegrowth.org/equitablog/value-added/monetary-policy-via-income-redistribution/

Interesting Reads:

• Noah Smith: Uber Still Doesn’t Look Like the Next Facebook

  : “The ride-hailing service lacks the powerful network effects that compel customers to stick with it…” https://www.bloomberg.com/view/articles/2017-06-06/uber-still-doesn-t-look-like-the-next-facebook

• Don Newgreen and Jeffrey Craig: Why so many domesticated mammals have floppy ears

  http://theconversation.com/why-so-many-domesticated-mammals-have-floppy-ears-29141

• Ben Thompson: Apple’s Strengths and Weaknesses

  https://stratechery.com/2017/apples-strengths-and-weaknesses/

• Frank Fukuyama https://fukuyama.stanford.edu
• Ralf Dahrendorf: Reflections on the Revolution in Europe

  : http://amzn.to/2rBLi7x

• Francis Fukuyama: The Origins of Political Order: From Prehuman Times to the French Revolution

  : http://amzn.to/2sEt4AI

• Francis Fukuyama: Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy

  http://amzn.to/2sU0WZP

• John Maynard Keynes: Economic Consequences of the Peace http://amzn.to/2sTZdn7
• George Orwell: Road to Wigan Pier http://amzn.to/2sgiUZO
• George Orwell: Homage to Catalonia http://amzn.to/2s4RK8h
• George Kennan: Sources of Soviet Conduct http://nsarchive.gwu.edu/coldwar/documents/episode-1/kennan.htm
• Karl Polanyi: The Great Transformation http://amzn.to/2rMsPDq
• Frank Fukuyama: “The End of History?” http://www.wesjones.com/eoh.htm
• Ralf Dahrendorf: Reflections on the Revolution in Europe http://amzn.to/2sTXfTE
• John Maynard Keynes: The General Theory of Employment, Interest and Money

  : Chapter 12. The State of Long-Term Expectation https://www.marxists.org/reference/subject/economics/keynes/general-theory/ch12.htm

• Jennifer L. Doleac: New evidence that lead exposure increases crime https://www.brookings.edu/blog/up-front/2017/06/01/new-evidence-that-lead-exposure-increases-crime/
• Per Kurowski: Tea with FT http://teawithft.blogspot.com/
• Per Kurowski: Why should technocrats seemingly be exempt from U-turn requirements, even in the face of horrendous mistakes?: “The worst idea, of the last century at least, has been that of, in order to make the banks safe, one needs to distort the allocation of bank credit by favoring, as if that was needed, banks’ exposures to what is perceived safe over those to what is perceived risky. That meant that when the ex ante perceptions of risk, of especially large exposures, ex post turned out to be very wrong, that banks would stand there with especially little capital. That meant that those rightly perceived as risky, like SMEs and entrepreneurs, those so vital for conserving the dynamism of the economy, would find their access to bank credit much harder than usual…” http://teawithft.blogspot.com/2017/05/why-should-technocrats-seemingly-be.html
• Ben Thompson: Lexmark and Patent Exhaustion: “This is a fantastic outcome, and a case that could have far-reaching effects…” https://stratechery.com/2017/lexmark-and-patent-exhaustion-patents-and-first-principles-lexmark-and-apple-versus-qualcomm/
• Stefan Gerlach: The Swiss Phillips curve, 1916-2015: “Inflation may have remained stubbornly low during the recovery because their Phillips curves have become flatter. This column uses an analysis of Swiss data since 1916 that support this argument. …” http://voxeu.org/article/swiss-phillips-curve-1916-2015
• Adam Ozimek: Monetary Policy And Declining Mobility: “If the Fed was setting interest rates for the worst performing 20% of the U.S., it would keep interest rates lower for longer…” https://www.forbes.com/sites/modeledbehavior/2017/06/03/monetary-policy-and-declining-mobility/#2d5182d4315f
  • Sarah Kliff: The opioid crisis changed how doctors think about pain https://www.vox.com/2017/6/5/15111936/opioid-crisis-pain-west-virginia
• On the Negative Information Revealed by Marvin Goodfriend’s “I Don’t Teach IS-LM”

  http://www.bradford-delong.com/2017/06/on-the-negative-information-revealed-by-marvin-goodfriends-i-dont-teach-is-lm.html

• (1995): Trade Policy and America’s Standard of Living: An Historical Perspective

  http://www.bradford-delong.com/2017/06/should-read-brad-delong-__-trade-policy-and-americas-standard-of-living-an-historical-perspective-j-bradf.html

• Ten Years Ago on Grasping Reality: June 6, 2017—Including the “What I Miss About Ronald Reagan” Post

  http://www.bradford-delong.com/2017/06/ten-years-ago-on-grasping-reality-june-6-2017including-the-what-i-miss-about-ronald-reagan-post.html

• Ten Years Ago at Grasping Reality: June 5, 2007

  http://www.bradford-delong.com/2017/06/ten-years-ago-at-grasping-reality-june-5-2007.html

• Simon Wren-Lewis: GE2017 and the Stages of Leaver Grief: “The EU knows that No Deal would be a disaster for the UK… https://mainlymacro.blogspot.com/2017/06/the-stages-of-leaver-grief.html
• Reuters: Fed’s Harker Still Sees Two More Interest Rate Hikes in 2017: “Philadelphia Federal Reserve Bank President Patrick Harker said on Friday that the U.S. central bank remains on track… https://www.nytimes.com/reuters/2017/06/02/business/02reuters-usa-fed-harker.html
• Luciano Floridi: A fallacy that will hinder advances in artificial intelligence: “The best definition of AI was written in 1955 by US computer scientist John McCarthy and colleagues… https://www.ft.com/content/ee996846-4626-11e7-8d27-59b4dd6296b8

Interesting Reads:

• Brad Delong (2007): When I met Armey in 1994… he talked a very good game as a committed small-government fiscally-prudent libertarian conservative…. Yet Armey punted on this agenda at almost every opportunity… when he was Majority Leader: Questions for Dick Armey http://www.bradford-delong.com/2007/06/questions_for_d.html
• Kevin Drum: In Which I Waste a Lot of Time on Climate Change Yahooism http://www.motherjones.com/kevin-drum/2017/06/waste-time-climate-change-yahooism
• Douglas Clement: Interview with Hilary Hoynes https://www.minneapolisfed.org/publications/the-region/interview-with-hilary-hoynes
• Stan Collender: This Is Why OMB Director Mulvaney Should But Won’t Be Fired https://www.forbes.com/sites/stancollender/2017/06/04/this-is-why-omb-director-mulvaney-should-but-wont-be-fired/#4445750c5ba3
• Primo Levi (1988): The Drowned and the Saved http://amzn.to/2ssz4MJ
• Charles Maier: On Agency, History, and Collective Responsibility: “Responsibility for a burdened past can justifiably become less preoccupying as other experiences are added to the national legacy…. But like that half-life of radioactive material, there is no point at which responsibility simply goes away…” http://www.j-bradford-delong.net/TCEH/maier.html
• Charles Maier (1988): The Unmasterable Past http://amzn.to/2rpDGF6
• Economist: Sorry, we’re closed: The decline of established American retailing threatens jobs: “A love affair with shopping has gone online…. A giant established industry is descending into crisis. Last year about 4,000 shops closed their doors for good. In 2017 more than twice that number may shut, says Credit Suisse…” http://www.economist.com/news/briefing/21721900-love-affair-shopping-has-gone-online-decline-established-american-retailing
• Martin Longman: How to Win Rural Voters Without Losing Liberal Values: “A century ago, urban progressives and agrarian populists united around a politics of taking on corporate monopolies. The Democratic Party’s future may depend on doing the same today…” http://washingtonmonthly.com/magazine/junejulyaugust-2017/how-to-win-rural-voters-without-losing-liberal-values/
• Doug Merrill (2007): Five Germanys I Have Known by Fritz Stern | A Fistful Of Euros http://fistfulofeuros.net/afoe/five-germanys-i-have-known-by-fritz-stern/
• Norman Davies (2011): Vanished Kingdoms: The Rise and Fall of States and Nations http://amzn.to/2sz9a9s
• Michael Mann (2012): The Sources of Social Power: Volume 1, A History of Power from the Beginning to AD 1760 http://amzn.to/2rBjctx
• Noah Smith: The Shouting Class http://noahpinionblog.blogspot.com/2017/06/the-shouting-class.html
• Austin Nichols: Do Vouchers Lead to Greater Learning? Depends Where (and When) You Look http://www.abtassociates.com/Perspectives/March/Do-Vouchers-Lead-to-Greater-Learning-Depends-Where.aspx
• Pedro da Costa: Why the job market doesn’t feel like it’s back to normal http://www.businessinsider.com/why-the-job-market-doesnt-feel-like-its-back-to-normal-2017-3 | Fed to raise rates in June but September still in question http://www.businessinsider.com/fed-to-raise-rates-in-june-but-september-still-in-question-2017-5
• Brad DeLong (2006): Socialism with German Nationalist Characteristics: “It is hard to avoid the belief that there was a way out of the disaster–a way to beat the Nazis even at the end of 1931–and that if only Rudolf Hilferding and his ilk had been less blinkered ideologues who sought truth from old books rather than new facts, the SPD could have led a German ‘New Deal’ that would have been as great a success as Roosevelt’s New Deal in America….” http://delong.typepad.com/sdj/2006/10/socialism_with_.html 2006-10-30
• Chad Bown: Economics and policy in the Age of Trump http://voxeu.org/content/economics-and-policy-age-trump
• Rachael Ray: Chickpea and Tomato Penne Pasta http://www.rachaelray.com/recipe/chickpea-and-tomato-penne-pasta/
• 天安門廣場: June 4, 1989 http://www.bradford-delong.com/2017/06/%E5%A4%A9%E5%AE%89%E9%96%80%E5%BB%A3%E5%A0%B4-june-4-1989.html
• Links for the Week of June 4, 2011 http://www.bradford-delong.com/2017/06/links-for-the-week-of-june-4-2011.html
• Hoisted from Ten Years Ago: Back When I Was Much More Optimistic About New Media and the Public Sphere… http://www.bradford-delong.com/2017/06/highlighted-hoisted-from-ten-years-ago-back-when-i-was-much-more-optimistic-about-new-media-and-the-public-sphere.html
• Hoisted from the Archives from June 3, 2007: I Like Barack Obama’s Health Care Plan http://www.bradford-delong.com/2017/06/hoisted-from-the-archives-from-june-3-2007-i-like-barack-obamas-health-care-plan.html
• Weekend Reading/Hoisted: Nine from Fritz Stern’s Memoirs http://www.bradford-delong.com/2017/06/weekend-readinghoisted-nine-from-fritz-sterns-memoirs.html
• Weekend Reading: Leon Trotsky’s Not-Entirely-Reliable-Narrator View of Lenin’s New Economic Policy of the 1920s http://www.bradford-delong.com/2017/06/weekend-reading-leon-trotskys-not-entirely-reliable-narrator-view-of-lenins-new-economic-policy-of-the-1920s.html
• Weekend Reading: Corey Robin: Second Edition of The Reactionary Mind now available for order http://www.bradford-delong.com/2017/06/weekend-reading-corey-robin-second-edition-of-the-reactionary-mind-now-available-for-order.html
• Comment of the Day: Robert Waldmann: Why Is the FOMC So Certain the U.S. Is “Essentially at Full Employment”?: “Two things. One small and one very dubious…” http://www.bradford-delong.com/2017/06/comment-of-the-day-robert-waldmann-_why-is-the-fomc-so-certain-the-us-is-essentially-at-full-employment_-two-thi.html

• Nick Bunker: Weekend reading: “Unstable incomes, uncertain world” edition: “‘Conversations about inequality often miss something essential… https://equitablegrowth.org/equitablog/weekend-reading-unstable-incomes-uncertain-world-edition/
• Equitable Growth: Equitable Growth’s Jobs Day Graphs: May 2017 Report Edition | Equitable Growth: “The unemployment rate for African Americans is back to pre-recession levels… https://equitablegrowth.org/equitablog/equitable-growths-jobs-day-graphs-may-2017-report-edition/
• Ben Thompson: Blue Apron Files for IPO, Network Effects and Customer Acquisition Costs, Uber Concerns: “I did find this bit in The Information article interesting… https://stratechery.com/2017/blue-apron-files-for-ipo-network-effects-and-customer-acquisition-costs-uber-concerns/
• Pseudoreasmus: The Cold War Triumph of Liberal Capitalism—in Hindsight https://medium.com/@pseudoerasmus/if-we-ask-the-retrospective-question-why-did-western-liberal-capitalism-actually-triumph-then-e025706801e0: “The tête-à-tête Soviet-American global struggle over the Third World…
• Dean Baker: Job Growth Slows Sharply: “the overall employment-to-population ratio (EPOP) dropp[ed] from 60.2 percent in April to 60.0 percent in May… http://cepr.net/data-bytes/jobs-bytes/jobs-2017-06
• Larry Summers: What History Tells Us about Trump’s Budget Fantasy: “The Trump economic team has not engaged in serious analysis or been in dialogue… http://larrysummers.com/2017/05/30/what-history-tells-us-about-trumps-budget-fantasy/

Interesting Reads:

• David Anderson: Rich data sets and risk adjustment https://www.balloon-juice.com/2017/06/02/rich-data-sets-and-risk-adjustment/
• David Roberts: The 5 biggest deceptions in Trump’s Paris climate speech https://www.vox.com/energy-and-environment/2017/6/2/15727984/deceptions-trump-paris-speech
• Charles R. Hulten and Leonard Nakamura: GDP and capturing the benefits of the Internet economy http://voxeu.org/article/gdp-and-capturing-benefits-internet-economy
• David Wessel: ‘Secular Stagnation’ Even Truer Today, Larry Summers Says: “My comments in 2013… were couched with very substantial doubts. Today I would have fewer…. The broad argument that I was making at that time seems more true today…” https://blogs.wsj.com/economics/2017/05/25/secular-stagnation-even-truer-today-larry-summers-says/
• Alberto Alesina, Guido Tabellini, and Francesco Trebbi: Europe as an optimal political area: New findings: “Attitudes… differences are no greater between countries than within countries. The real obstacle is… nationalism, and the need to strengthen a common European identity…” http://voxeu.org/article/europe-optimal-political-area-new-findings
• Jason Kottke: Photos of the Tiananmen Square protests, unseen for 28 years http://kottke.org/17/06/photos-of-the-tiananmen-square-protests-unseen-for-28-years
• Sarah Jones: J.D. Vance, the False Prophet of Blue America | New Republic https://newrepublic.com/article/138717/jd-vance-false-prophet-blue-america
• Henry Farrell: Francis Spufford’s “Golden Hill”: “Golden Hill http://amzn.to/2rYDei3 is a very important book about America, in ways that may not be obvious to those who read it merely for the picaresque…” http://crookedtimber.org/2017/06/01/golden-hill/
• Paul Romer (2015): Nonrival Goods After 25 Years: “Joshua Gans has a generous post that notes the 25th anniversary of the publication of my 1990 JPE article. I could not agree more with his observation that “there is more to be done…” in understanding the economics of ideas…” https://paulromer.net/nonrival-goods-after-25-years/
• Joshua Gans (2015): The Romer Model turns 25: ““The Romer Model” is decidedly non-mathy. As a work of theoretical scholarship, every equation and assumption is carefully justified. The paper is laid out with as much text as there is mathematics. And in the end, you know how the model works, why it works and what drives its conclusions…” http://www.digitopoly.org/2015/10/03/the-romer-model-turns-25/
• Paul Romer (2015): Speeding-up and Missed Opportunities: Evidence – Paul Romer https://paulromer.net/speeding-up-and-missed-opportunities-evidence/
• The Truth Behind Today’s US Inflation Numbers: Live at Project Syndicate http://www.bradford-delong.com/2017/06/the-truth-behind-todays-us-inflation-numbers-live-at-project-syndicate.html
• On Keynesian Economicses and the Economicses of Keynes: Hoisted from June 2, 2007 http://www.bradford-delong.com/2017/06/on-keynesian-economicses-and-the-economicses-of-keynes-hoisted-from-june-2-2017.html
• Economic Policy Challenges in the US and Japan Panel: Globalization and Inequality http://www.bradford-delong.com/2017/06/economic-policy-challenges-in-the-us-and-japan-panel.html
• Comment of the Day: Sans Souci said in reply to Elf M. Sternberg: (Early) Weekend Reading: The End of Francis Spufford’s “Red Plenty”: “Here’s a perceptive Bolshevik critic of Stalinist central planning, which became the template of really-existing socialism…” http://www.bradford-delong.com/2017/06/comment-of-the-day-sans-souci-said-in-reply-to-elf-m-sternberg-_early-weekend-reading-the-end-of-francis-spuffords.html
• Comment of the Day: Charles Steindel: Lael Brainard: Navigating the Different Signals from Inflation and Unemployment: “I was at the speech. The Q&A was dominated by people asking about reinvestment plans…” http://www.bradford-delong.com/2017/06/comment-of-the-day-charles-steindel-_lael-brainard-navigating-the-different-signals-from-inflation-and-unemployment_.html
• Ten Years Ago on Grasping Reality: June 1, 2007… http://www.bradford-delong.com/2017/06/ten-years-ago-on-grasping-reality-june-1-2007-1.html

• Bridget Ansel: Venture capital’s gender gap is costly for firms and the economy: “The absence of women in VC firms, of course, trickles down into the success of female entrepreneurs… https://equitablegrowth.org/equitablog/value-added/venture-capitals-gender-gap-is-costly-for-firms-and-the-economy/
• Lael Brainard: Navigating the Different Signals from Inflation and Unemployment: “The labor market has continued to strengthen… https://www.federalreserve.gov/newsevents/speech/brainard20170530a.htm
• Anatole Kaletsky: The Divergence of US and British Populism: “Trump’s key economic officials… plus a galaxy of Congressional officials and business leaders, made clear that Trump… is only a temporary aberration… https://www.project-syndicate.org/commentary/trump-resistance-brexit-acceptance-by-anatole-kaletsky-2017-05
• Annette Alstadsæter, Niels Johannesen, and Gabriel Zucman**: Tax Evasion and Inequality: “We combine stratified random audits… with new micro-data leaked from two large offshore financial institutions, HSBC Switzerland (“Swiss leaks”) and Mossack Fonseca (“Panama Papers”)… http://gabriel-zucman.eu/files/AJZ2017.pdf
• Nick Bunker: What unconventional policies are likely to stay in central bankers’ toolkits?: “Blinder… Ehrmann… de Haan… and… Jansen… academic economists… and central bankers… https://equitablegrowth.org/equitablog/value-added/what-unconventional-policies-are-likely-to-stay-in-central-bankers-toolkits/

Interesting Reads:

• Aaron Carroll: Science Needs a Solution for the Temptation of Positive Results http://theincidentaleconomist.com/wordpress/science-needs-a-solution-for-the-temptation-of-positive-results/
• Kevin Lansing: R-star, Uncertainty, and Monetary Policy http://www.frbsf.org/economic-research/publications/economic-letter/2017/may/r-star-macroeconomic-uncertainty-and-monetary-policy/
• Austin Frakt: Market Power Matters: “Massachusetts…. David Anderson summed the development up perfectly…. ‘Big payer (the state employee plan) wants to use its market power to get a better rate from a set of powerfully concentrated providers who have used their market power to get very high rates historically…'” http://theincidentaleconomist.com/wordpress/market-power-matters2/
• Max Weber: On the Methodology of the Social Sciences https://archive.org/stream/maxweberonmethod00webe/maxweberonmethod00webe_djvu.txt
• David Glasner: Correct Foresight, Perfect Foresight, and Intertemporal Equilibrium https://uneasymoney.com/2017/05/28/correct-foresight-perfect-foresight-and-intertemporal-equilibrium/
• Oskar Morgenstern: Perfect Foresight and Economic Equilibrium https://www.princeton.edu/~erp/ERParchives/archivepdfs/element%20of%20time%20in%20value%20theory.pdf
• Herman Melville: Moby Dick; Or the Whale https://www.gutenberg.org/files/2701/2701-h/2701-h.htm
• Narayana Kocherlakota: The Fed Shouldn’t Be Afraid of Growth: “Why slow it down when you can’t know what the right pace is?…” https://www.bloomberg.com/view/articles/2017-05-30/the-fed-shouldn-t-be-afraid-of-growth
• Jo Michell: Economics, Ideology, and Trump: “…” https://criticalfinance.org/2016/11/15/economics-ideology-and-trump/
• Ten Years Ago on Grasping Reality: June 1, 2007… http://www.bradford-delong.com/2017/06/ten-years-ago-on-grasping-reality-june-1-2007.html: “Six posts: Peggy Noonan on June 1, 2007 saying that she had long been an internal exile from the Bush administration whose victory she gloated over back at the end of 2004; a close encounter with a Tom Turkey; three pieces noodling over what “orthodox”, “heterodox”, and “Keynesian” economics are; and two links worth reading. None seem to me especially worth highlighting and hoisting today…”
• (Early) Weekend Reading: The End of Francis Spufford’s “Red Plenty” http://www.bradford-delong.com/2017/05/early-weekend-reading-the-end-of-francis-spuffords-red-plenty.html: “‘Paradise’, he told the wheatfield in baffled fury, ‘is a place where people want to end up, not a place they run from. What kind of socialism is that? What kind of shit is that, when you have to keep people in chains? What kind of social order? What kind of paradise?’…”