We Simply Do Not Have a Deficit Problem for at Least the Next Three Presidential Terms
One Super-Lost Decade

Noted to Aid Your Lunchtime Procrastination for September 17, 2013

  1. "Gensler shows that 'you can go through the revolving door and serve with independence and integrity', said Jeff Connaughton, a former Democratic Senate staff member who was involved in the Dodd-Frank debate and last year wrote a book chronicling the rise of Wall Street’s lobbying machine": Silla Brush & Robert Schmidt: How the Bank Lobby Loosened U.S. Reins on Derivatives
  2. "If all digital data were stored on punch cards, how big would Google's data warehouse be?": xkcd: Google's Datacenters on Punch Cards
  3. "I’d add that one of the prevailing economic policy sins of our time has been allowing hypothetical risks, like the fiscal crisis that never came, to trump concerns over economic damage happening in the here and now. I’d hate to see the Fed fall into that trap. So my message is, don’t do it. Don’t taper, don’t tighten, until you can see the whites of inflation’s eyes. Give jobs a chance": Paul Krugman: Give Jobs a Chance
  4. "There were really three crises… the crisis in… late 2008… [the] crisis that would have happened even if Lehman’s failure didn’t cause any troubles… [the] crisis of confidence over whether or not our financial markets are actually benefiting the economy as a whole" Mike Konczal: What we get wrong when we talk about ‘the financial crisis’
  5. How can David Brooks be so consistently wrong?: Andrew Bacevich: Breach of Trust: How Americans Failed Their Soldiers and Their Country
  6. "The idea that policy uncertainty is the main reason why advanced economies and Europe in particular are not recovering fast will not go away. Marco Buti and Pier Carlo Padoan in Vox bring back this argument in their attempt to figure out why the recovery in Europe is so weak": Antonio Fatas: The only uncertainty is why some cannot see facts



Dean Baker: Lesson for Robert Samuelson on the Financial Crisis: Just Because You're Stupid Doesn't Mean You Didn't Commit Fraud | Daniel Little: Understanding Society: The global city | Andrew Gelman: Larry Summers and Starbucks: can we understand this category more generally? |


William Cline and Joe Bagnon: Lehman Died, Bagehot Lives | Juan Carlos Suárez Serrato: How Changing Government Spending Affects Inequality | Saskia Sassen: The Global City |