Things to Read at Nighttime on May 13, 2015
Must- and Should-Reads:
- : “Perhaps liberal democracy has little to do with the balance of power among social groups and their strategic motivations. Maybe it requires instead, the development over time of a culture of tolerance and civil liberties. Or maybe both are needed to sustain institutions that uphold property, political, and civil rights in the long term…”
- : “Bangladesh and Cambodia… are paying the full freight… 15 percent and up average tariffs…. If Vietnam were to get substantial new access to the US market, I think that could have potentially serious trade diversion implications…”
- : Bond Market Plunge Shows How Stability Can Breed Instability
- : “Shelby[‘s]… avoids nearly all the tough issues of legitimacy… seven-member commission is [not to]… touch questions raised by the archaic ownership structure of the Fed or… having nominally private companies making public-policy decisions… ignoring the bizarre and outdated governance of the system is a missed opportunity…”
- : “The Greek government’s mounting financial woes are leading it to contemplate the previously unthinkable: defaulting on a loan from the International Monetary Fund. Instead of demanding repayment and further austerity, the IMF should recognize its responsibility for the country’s predicament and forgive much of the debt…”)
- : “The most important limit, the one we fought the Revolutionary War for, is that the people doing this to you are the people you elect….”
- : Student Loans and the Next Crisis
- Must-Read: : What explains rising wealth inequality?
- Must-Read: : Inflation Expectations and Recovery from the Depression in 1933
- Must-Read: Lawrence Summers (2011): A Conversation on New Economic Thinking
- Must-Must-Read: : “Brookings did a symposium
Might Like to Be Aware of:
- Mailinator
- : President Obama on How Fox News Teaches the Middle Class to Demonize the Poor
- Jason Kander for Missouri
- : “As a political movement we are in pathetic shape…. We not only have no capacity to move people who don’t already share our worldview, we seem to have no interest in doing so. Our stock arguments are lazy stacks of cliches…. Being clever doesn’t fix the world. Scoring points on Twitter doesn’t create justice…”