Grasping Reality on TypePad, by Brad DeLong

1. "[Milton] Friedman concludes… 'licensure has reduced both the quantity and quality of medical practice… reduced the opportunities available to people who would like to be physicians… retarded technological development both in medicine itself and in the organization of medical practice. I conclude that licensure should be eliminated…' Friedman has fewer objections to certification, which practically means that no one without the education and training of a physician could call himself or herself an M.D…. Friedman’s observations find an echo in the current debate over professional licensure": Uwe Reinhardt: The Dubious Case for Professional Licensing
2. "Markets can reinforce incentives to exploit power, but they also create powerful incentives & mechanisms for changing the distribution of power. The rise of the middle class & the flattening of social status are market-era phenomena, reinforced by the incentive to look past whatever social differences you have with other market participants & use them to make money": Joe Colluci: Wonk in a Kilt
3. Allan Quatermain and the Skewed Inflation Statistics

And:

• Shorter Judge Richard Posner: It's Not My Fault I Don't Do My Job and Vindicate the Rights I Am Supposed to--It's the Lawyers' Fault
• John Adams: Jefferson and the French Revolution:* Alpha Quatermain and the Terror of the Collateralized Debt Obligation
• Josh Barro: Ted Cruz Says to Republicans: "I'm Not Locked in Here with You. You Are Locked in Here with Me!!"
• Simon Wren-Lewis: Nominal wage rigidity in macro: an example of methodological failure
• Paul Krugman: Sticky Wages and the Macro Wars
• Martin Longman: My Thoughts Are With India
• Anne Laurie: The (Attempted) Rehabilitation of GWB, and His Puppetmaster VP