Things to Read at Lunchtime on July 11, 2015

Must- and Should-Reads:

• Nick Rowe: “Recessions… aren’t caused by real interest rates being wrong, or real exchange rates being wrong, or real wages being wrong. Those are all just symptoms, or side effects. The underlying cause of the recession is the reduction in the volume of trade caused by an excess demand for the one good that is demanded or supplied whenever any other good is traded…”
• Must-Read: Matthew Yglesias: Some Thoughts on Europe
• Nick Bunker: Weekend Reading:
  • Noam Scheiber: Why a Meaningful Boost for Those at the Bottom Requires Help From the Top
  • Dean Baker: Quick Thoughts on Wage Stagnation
  • Greg Ip: Why Corporate America Could Use More Competition
  • Emily Badger: Obama administration to unveil major new rules targeting segregation across U.S.
  • OECD: The Future of Productivity
• J.P. Konig: There won’t be a drachma-induced recovery
• John Zysman and Martin Kenney: Where Will Work Come From?

Might Like to Be Aware of:

• John Burgoyne (1780): The State of the Expedition from Canada