Things to Read on the Afternoon of April 2, 2015

Must- and Should-Reads:

• Nick Bunker: U.S. labor market slack and the path to full employment
• Morning Must-Read: Dean Baker: The Housing Bubble and the Financial Crisis #25,452
• Paul Krugman: “[Jeb] Bush is leaning on Glenn Hubbard and Kevin Warsh…. Hubbard is a competent economist, when he wants to be. But some people may recall that he went around loudly proclaiming that the ‘Bush boom’ proved the efficacy of tax cuts, while Obamacare was a huge drag on business…. Warsh… was a striking exemplar of… the self-proclaimed wise man who urges us to ignore basic macroeconomics in favor of assertions about market psychology… that aren’t even borne out by market prices…”
• Morning Must-Read: Edward L. Glaeser and Charles G. Nathanson: An Extrapolative Model of House Price Dynamics
• Morning Must-Read: Nick Bunker: How Much Does Job Search Matter for Job Switching?
• Morning Must-Read: Cardiff Garcia: The Maddening Bond-Market Conundrum-Redux Conundrum
• Morning Must-Watch: Jared Bernstein: Our Full Employment Event… The Video!
• Today’s Must-Must-Read: Greg Ip: Hard Decisions on Easy Money: Growth Now or Turmoil Later?
• Morning Must-Read: Gary Burtless: Employment impacts of the Affordable Care Act
• Morning Must-Read: Pedro Nicolaci Da Costa: On Larry Ball and Sub-5% Unemployment
• Carter Price: Latest U.S. economic growth numbers highlight corporate investment

Might Like to Be Aware of:

• Noam Scheiber: “Ted Cruz, Marco Rubio and Rand Paul — all made a striking confession: They considered ‘the increasing gap between rich and poor’ to be a problem. But on the question of whether the government should intervene to solve it, Mr. Cruz and Mr. Paul rejected that approach, and Mr. Rubio appeared to agree with them…”
• Deborah Boucoyannis: Adam Smith Is Not the Sntidote to Thomas Piketty
• Eric de Carbonnel: Extracts from Frank Vanderlip, “From Farm Boy to Financier”
• David Gerrold: “William Lehman has written a screed…. I kinda pull rank. He points to Star Trek…. Lehman has completely missed the point…. Gene Roddenberry was one of the great Social Justice Warriors. You don’t get to claim him or his show as a shield of virtue for a cause he would have disdained…”
• Evan Osnos: “How Xi Jinping, an unremarkable provincial administrator, became China’s most authoritarian leader since Mao…”
• Ken Doctor: Newsonomics: BuzzFeed and The New York Times play Facebook’s ubiquity game
• William Shepherd: Letter from Jekyll Island
• Lois McMaster Bujold: Uncle Hugo’s: Interview with Miles Vorkosigan