Things to Read on the Afternoon of March 25, 2015
Must- and Should-Reads:
- Afternoon Must-Read: : In 2016 Campaign, the Lament of the Not Quite Rich Enough
- Morning Must-Read: : Economic Mobility across Federal Reserve Districts
- Morning Must-Must-Read: : Why Are Unions so Focused on Fighting Trade Deals?
- Morning Must-Read: : Dear Pete Sessions: “Bazillion” Is Not a Real Number Either
- Today’s Must-Must-Read: : Messed-Up Macro
- Evening Must-Read: : The Attack of the Anti-Keynesians
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: “Panel regressions based on the action-based datasets of De Vries et al. (2011) and Alesina et al. (2014) show that [fiscal] consolidations… affect confidence negatively…”
- : The Tax Break for (Fewer Than) 41 Families: The Myth of the Estate Tax and the Family Farm
- : “Oh dear. Here’s some bad news for Ted Cruz…. For years, business lobbyists complained about what they derided as ‘job killer’…. But new numbers from the U.S. Bureau of Labor Statistics tell a different story. Total jobs created in the 12 months ending Jan. 31 show California leading other states…. Them’s the breaks. There’s no more ‘Texas Miracle’…. We’re in the middle of a California Miracle…. California is rebounding strongly from the housing crisis while Texas is suffering from the global collapse in oil prices. There is, frankly, nothing very miraculous about either story. It’s just the business cycle at work in a fairly normal and predictable way…”
Might Like to Be Aware of:
- : The Real Reason for Hillary’s Private Email Server
- : Welcome to Stratechery
- : “Sullivan goes on to defend at great length his decision to excerpt The Bell Curve–a topic Coates actually says relatively little about–while ignoring the other specifics in Coates’ article…. I guess this bit of embarrassing behavior on Sullivan’s part isn’t that big of a deal, in the grand scheme of things. I thought it was worth highlighting mainly as a case study in how not to respond to criticism. If you’re going to respond to critics, you need to respond to their actual criticisms, not assume they have some hidden extremist agenda (‘all liberal magazines must toe the Black Power party line!’) and respond to that.”