"We Are Hiding in Our Burrows Right Now...": Wednesday Hoisted from the Archives from Four Years Ago
Josh Barro Channels Admiral Akbar: "IT'S A TRAP!!": ObamaCare Bipartisan Political Posturing Weblogging

Noted for Your Morning Procrastination for November 13, 2013

Over at the Equitablog:


  1. Mohamed A. El-Erian: The over-empowerment of advanced countries' monetary policymakers: "Advanced-country central banks never aspired to their current position; they got there because, at every stage, the alternatives seemed to imply a worse outcome for society. Indeed, central banks’ assumption of additional responsibilities has been motivated less by a desire for greater power than by a sense of moral obligation, and most central bankers are only reluctantly embracing their new role and visibility. With other policymaking entities sidelined by an unusual degree of domestic and regional political polarization, advanced-country central banks felt obliged to act on their greater operational autonomy and relative political independence. At every stage, their hope was to buy time for other policymakers to get their act together, only to find themselves forced to look for ways to buy even more time.... The trouble is that few outsiders seem to be listening, much less preparing to confront the eventual limits of central-bank effectiveness..."
  2. Josh Marshall: WTF, Richard Cohen?: "What the hell is wrong with Richard Cohen? In the course of sorta explaining the GOP's problem with race, Cohen notes that 'people with conventional views must repress a gag reflex when considering the mayor-elect of New York--a white man married to a black woman and with two biracial children'. I think that was true maybe 50 years ago, in the sense that 'conventional views' were considerably more retrograde, though 'gag reflex' is still pretty extreme. But these days we call those people 'racists'."
  3. Kevin Drum: Yet Another Partial Transcript From Darrell Issa: "I'm not feeling too well this morning, so I'm going to take a break. Maybe I'll be back later depending on how things go. In the meantime, since I don't want to leave Richard Cohen at the top of the blog all day, check out Steve Benen here on yet another 'partial transcript' from Darrell Issa, who apparently is desperate to drum up some kind of Obamacare scandal but can't actually find one. So instead he leaked a few pages of testimony from HealthCare.gov's chief project manager which, as you can guess, left out a few wee details. And which news organization fell for this transparent trick? Did you guess CBS? Congratulations!"
  4. Henry Blodget: Content economics, part 4: scale: "Somebody’s going to build the Time Inc of digital media. There are going to be a few big properties, and they are going to hang on this central platform that will have the same technology, the same international sales layer, the same administration. Each publication will be very big and successful unto itself, but they’re sharing some of these services. That will work very well… Many, many companies have a shot at this. AOL. Glam. Vox Media is going after this aggressively..."

Plus: Long:

Eric Holthaus and Ritchie King: How to fix global warming before it’s too late | Olivier Blanchard and Daniel Leigh: Growth Forecast Errors and Fiscal Multipliers | Elizabeth Weil: Where Have All the Sopranos Gone? | Elizabeth Warren: Speech to Americans for Financial Reform and the Roosevelt Institute | #####

Plus: Short:

Martin Wolf: Why Draghi was right to cut rates | Alan Blinder: Despite a Botched Rollout, the Health-Care Law Is Worth It | Jonathan Hazell: How much does the ECBs rate cut really matter? | Jong-Wha Lee: How to protect Asia's emerging economies from US monetary policy's spillover effects | Gordon Brown: Upholding the universal right to educational opportunity | Buce: Getting a Grip on Rossini | Matt Connolly: Richard Cohen's 10 Worst Moments, Counted Down |