Links and Tweets: March 2015
- : "You must overcome any shyness and have a conversation with the librarian, because he can offer you reliable advice that will save you much time. You must consider that the librarian (if not overworked or neurotic) is happy when he can demonstrate two things: the quality of his memory and erudition and the richness of his library, especially if it is small. The more isolated and disregarded the library, the more the librarian is consumed with sorrow for its underestimation. A person who asks for help makes the librarian happy..." https://www.insidehighered.com/views/2015/03/18/review-umberto-eco-how-write-thesis
- Afternoon Must-Read: : Pooling Multiple Case Studies Using Synthetic Controls: An Application to Minimum Wage Policies http://equitablegrowth.org/?p=10184
- Lunchtime Must-Read: : Barney Frank Explains the Financial Crisis http://equitablegrowth.org/?p=10182
- : Spurious Volatility in Historical Unemployment Data http://eml.berkeley.edu/~cromer/Spurious%20Volatility.pdf
- Today's Must-Must-Read: : The Missing Deflation and the Argument for a Higher Inflation Target http://equitablegrowth.org/?p=10170
- : Monetary Policy for a High-Pressure Economy http://www.pathtofullemployment.org/wp-content/uploads/2015/03/3_30_15fe_ball.pdf
- : Response to Robert Caro's The Power Broker http://www.bridgeandtunnelclub.com/detritus/moses/response.htm
- : Labor Market Slack and Monetary Policy http://www.pathtofullemployment.org/wp-content/uploads/2015/03/3_30_15fe_blanchflower.pdf
- Today's Must-Must-Read: : Climate Change? Nothing to Worry About... If You're Happy to Ignore Physics http://equitablegrowth.org/?p=10155
- Afternoon Must-Read: : Why Our Success in Managing the 2008 Banking Crisis Was the Mother of Failure http://equitablegrowth.org/?p=10153
- Afternoon Must-Read: : Austerity Is Still Popular Despite an Abject Record of Failure http://www.washingtonpost.com/blogs/monkey-cage/wp/2015/01/08/austerity-is-still-popular-despite-an-abject-record-of-failure
- : Why you shouldn’t lose sleep over the biggest ‘bubble’ in the markets today http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/27/why-you-shouldnt-lose-sleep-over-the-biggest-bubble-in-the-markets-today
- : The American Century Will Survive the Rise of China http://www.ft.com/intl/cms/s/0/48c84460-d250-11e4-ae91-00144feab7de.html
- : Secular Stagnation for Free http://www.project-syndicate.org/commentary/economic-stagnation-free-products-by-ricardo-hausmann-2015-03
- : Review of Gernot Wagner and Martin Weitzman: "Climate Shock: The Economic Consequences of a Hotter Planet" http://www.ft.com/intl/cms/s/0/bc2016e2-d320-11e4-9b0a-00144feab7de.html
- Evening Must-Read: : How to Cut Taxes and Help the Poor http://equitablegrowth.org/?p=10116
- : Wikileaks Releases Trans-Pacific Partnership Investment Chapter http://www.middleclasspoliticaleconomist.com/2015/03/wikileaks-releases-trans-pacific.html
: Risk-Sharing and Student Loans http://equitablegrowth.org/news/effects-risk-sharing-student-loans - Today's Must-Must-Read: : What Do Americans Think Should Be Done About Inequality? http://equitablegrowth.org/?p=10099
- : Felicior Augusto, Melior Traiano http://inventingtrajan.blogspot.com/2015/03/felicior-augusto-melior-traiano.html
- Afternoon Must-Read: : In 2016 Campaign, the Lament of the Not Quite Rich Enough http://equitablegrowth.org/?p=10066
- : "Sullivan goes on to defend at great length his decision to excerpt The Bell Curve–a topic Coates actually says relatively little about–while ignoring the other specifics in Coates’ article.... I guess this bit of embarrassing behavior on Sullivan’s part isn’t that big of a deal, in the grand scheme of things. I thought it was worth highlighting mainly as a case study in how not to respond to criticism. If you’re going to respond to critics, you need to respond to their actual criticisms, not assume they have some hidden extremist agenda (‘all liberal magazines must toe the Black Power party line!’) and respond to that." http://www.patheos.com/blogs/hallq/2014/12/sullivan-ta-nehisi-coates-is-just-mad-about-deviations-from-the-black-power-party-line
- : "Oh dear. Here's some bad news for Ted Cruz.... For years, business lobbyists complained about what they derided as 'job killer'.... But new numbers from the U.S. Bureau of Labor Statistics tell a different story. Total jobs created in the 12 months ending Jan. 31 show California leading other states.... Them's the breaks. There's no more 'Texas Miracle'.... We're in the middle of a California Miracle.... California is rebounding strongly from the housing crisis while Texas is suffering from the global collapse in oil prices. There is, frankly, nothing very miraculous about either story. It's just the business cycle at work in a fairly normal and predictable way..." http://m.motherjones.com/kevin-drum/2015/03/three-cheers-california-miracle
- Morning Must-Read: : Economic Mobility across Federal Reserve Districts http://equitablegrowth.org/?p=10056
- : The Tax Break for (Fewer Than) 41 Families: The Myth of the Estate Tax and the Family Farm https://medium.com/bull-market/the-tax-break-for-fewer-than-41-families-334f441045d
- Morning Must-Must-Read: : Why Are Unions so Focused on Fighting Trade Deals? http://equitablegrowth.org/?p=10054
- Morning Must-Read: : Dear Pete Sessions: "Bazillion" Is Not a Real Number Either http://equitablegrowth.org/?p=10051
- Today's Must-Must-Read: : Messed-Up Macro http://equitablegrowth.org/?p=10046
- Evening Must-Read: : The Attack of the Anti-Keynesians http://equitablegrowth.org/?p=10044
- : "Panel regressions based on the action-based datasets of De Vries et al. (2011) and Alesina et al. (2014) show that [fiscal] consolidations... affect confidence negatively..."
- : The Real Reason for Hillary’s Private Email Server https://medium.com/backchannel/the-real-reason-for-hillary-s-private-email-server-dd6e19c8ca48
- : Welcome to Stratechery http://stratechery.com/2013/welcome-to-stratechery
- Morning Must-Read: : How Secular Stagnation Came to Smurf Village http://equitablegrowth.org/?p=10031
- : Mortgaging the Future? http://www.frbsf.org/economic-research/publications/economic-letter/2015/march/great-mortgaging-business-cycle-recovery
- Nighttime Must-Read: : Dirty Energy Taxes and Clean Energy Innovation http://equitablegrowth.org/?p=10029
- : The War Over Who Steve Jobs Was https://medium.com/backchannel/the-war-over-who-steve-jobs-was-92bda2cd1e1e
- Nighttime Must-Read: : How Tip O'Neill and Ronald Reagan would make this Congress work http://thehill.com/blogs/pundits-blog/lawmaker-news/235409-how-ronald-reagan-and-tip-oneill-would-make-this-congress#.VQHWmPiFGlg.twitter
- : Gulf Stream Is Slowing Down Faster than Ever http://www.independent.co.uk/environment/gulf-stream-is-slowing-down-faster-than-ever-scientists-say-10128700.html
- : I just saw the first movie from Oculus, and it is the future http://www.theverge.com/2015/1/26/7919177/oculus-lost-virtual-reality-film-sundance
- : "This blog is a scholarly experiment... the space where I can work through ideas and arguments for a book project on Trajan, the Senate and Republicanism... how emperor-senate relations are preserved in the textual and material record from Caesar to Trajan; and... picking apart why Trajan becomes memorialized as... Optimus Princeps..." http://inventingtrajan.blogspot.com/2015/03/inventing-trajan-experiment-in-book.html
- : Judith and Holofernes http://en.m.wikipedia.org/wiki/Judith_beheading_Holofernes
- Afternoon Must-Read: : Free Speech on Campus Is Not Simple http://www.washingtonpost.com/posteverything/wp/2015/03/23/why-free-speech-on-campus-is-not-as-simple-as-everyone-thinks
- Nighttime Must-Read: : "Claims that climate science is a hoax, that human action is not a factor http://equitablegrowth.org/?p=10017
- Nighttime Must-Read: : Default Panic and Other Tall Stories http://equitablegrowth.org/?p=10012
: "From the Peru of Alberto Fujimori to the Hungary of Viktor Orban, illiberal regimes have managed to consolidate power without fencing off their countries or resorting to mass murder.... New forms of dictatorship based on manipulating information rather than on mass violence... can survive... in the face of moderate economic underperformance... [via] an increase in censorship and propaganda..." http://www.voxeu.org/article/new-authoritarianism
:["I think there are bits and pieces of truth scattered through all of these answers to the question of ‘why did New Zealand end up with a treaty rather than a genocide?’... I read quite a lot about the history of the Treaty of Waitangi, and the thought that kept on coming back to me was that this must have been exactly how things progressed during the English conquest of Wales back in the fourteenth and fifteenth centuries..." http://crookedtimber.org/2015/03/22/the-world-is-squared-episode-6-midsummer-in-midwinter
- : Obama’s Well-Earned Victory Lap on the Economy http://www.newyorker.com/news/john-cassidy/obamas-well-earned-victory-lap-on-the-economy?intcid=mod-most-popular
- Morning Must-Read: : What Happens When US Rates Rise? http://equitablegrowth.org/?p=10006
- Nighttime Must-Read: : The New Mercantilist Challenge http://equitablegrowth.org/?p=9999
- Evening Must-Read: Binyamin Applebaum: Richard Fisher, Often Wrong but Seldom Boring, Leaves the Fed http://mobile.nytimes.com/2015/03/21/business/economy/richard-fisher-leave-the-fed.html
- : "Rent... is... a payment for a resource in excess of its opportunity cost.... There has been... a 'big idea'... that these rents are growing.... [We must] test the rent hypothesis systematically..." http://esoltas.blogspot.in/2015/03/the-rent-hypothesis.html
- Morning Must-Read: : How the Internet Scooped Science https://academics.skidmore.edu/blogs/alindner/2015/03/17/how-the-internet-scooped-science-and-what-science-still-has-to-offer
- Today's Must-Must-Read: : Risk Management for Monetary Policy Near the Zero Lower Bound http://equitablegrowth.org/?p=9924
- Afternoon Must-Read: : Support for Redistribution in an Age of Rising Inequality: New Stylized Facts and Some Tentative explanations http://equitablegrowth.org/?p=9917
- : "Gov. Rick Perry’s political action committee... hiring Jamie Johnson... a sexist... wrote surfaced in which he wrote, ‘The question then comes, ‘Is it God’s highest desire, that is, his biblically expressed will… to have a woman rule the institutions of the family, the church, and the state?’... Perry’s people actually have a good reason to think this is going to be no big deal, because this kind of overt sexism has become downright mainstream in conservative media as of late..." http://talkingpointsmemo.com/cafe/as-women-get-more-power-rightwing-pundits-get-more-sexist
- : The crisis in US-Israel relations is much bigger than Bibi Netanyahu http://www.vox.com/2015/3/20/8263583/us-israel-crisis
- : "If Obamacare were pushing people into part-time work, we would expect an increase in involuntary part-time work.... The opposite has occurred.... The serious problem in US economic debates where those with non-credible arguments hold far too much sway..." http://jaredbernsteinblog.com/some-lonely-facts-about-obamacare-and-part-time-work
- Afternoon Must-Read: : Macroeconomic Effects of Asset Purchases http://equitablegrowth.org/?p=9915
- : "White House officials believe Israeli-U.S. relations fundamentally changed. Three comments by the newly reelected Israeli prime minister left Team Obama fuming; officials in Washington say his stance on Palestinian statehood is forcing an American 'reassessment'..." http://www.haaretz.com/news/diplomacy-defense/.premium-1.647859#.VQr-p21eDrM.twitter
- Today's Must-Must Read: : If Economists Were Right, You Would Have a Raise by Now http://equitablegrowth.org/?p=9912
- Morning Must-Read: : Closed-System Blockchains http://equitablegrowth.org/?p=9910
- Morning Must-Read: : How Europe’s Easy Monetary Policy Crossed the Atlantic http://equitablegrowth.org/?p=9908
- : "Grfiters Gonna Grift: And media organizations like Politico make it so damn easy because it's their grift too. 'The group’s website provides few details.... But the team behind the Progressive Coalition for American Jobs includes... Mitch Stewart... Lynda Tran... 270 Strategies... Jeremy Bird..." http://www.eschatonblog.com/2015/03/grfiters-gonna-grift.html
- Nighttime Must-Read: : The Disappointing Unseriousness of the House GOP's Budget http://equitablegrowth.org/?p=9903
- : The Worldwide Deficit of High-Quality Debt http://www.bloombergview.com/articles/2015-03-17/world-has-a-deficit-of-high-quality-debt
- Morning Must-Read: : Are Retirees Falling Short? http://equitablegrowth.org/?p=9889
- : "Safety net programs cut poverty nearly in half in 2013, lifting 39 million people out of poverty... rebut[ting] claims that government programs do little to reduce poverty..." http://www.offthechartsblog.org/safety-net-lifted-39-million-americans-out-of-poverty-in-2013
- : "Currency appreciation will be a drag; this implies a policy of slower monetary tightening is in order..." http://econbrowser.com/archives/2015/03/some-implications-of-the-dollars-rise
- Today's Must-Must-Read: : "Riksbank Deputy Governor Jansson Again Tries to Defend the Indefensible http://equitablegrowth.org/?p=9882
- : "Up until about two weeks ago, broadcasting an event live required a large and quite expensive satellite truck, a ton of expensive cables and expensive satellite time. Now you can do it with your phone — the same machine you use to text, check Instagram, hail an Uber, and play Candy Crush. So how will this change politics in 2016?..." https://medium.com/@danpfeiffer/how-meerkat-is-going-to-change-the-2016-election-for-every-campaign-reporter-and-voter-1daa8954e543
- : Strong Currents Keep Interest Rates Down http://www.ft.com/intl/cms/s/0/c39140d2-cbd1-11e4-aeb5-00144feab7de.html
- Afternoon Must-Read: **: Are recoveries from Financial Crises Always Slow? http://equitablegrowth.org/?p=9899
- Today's Must-Must Read: : Thoughts about monetary and fiscal policy in a post-inflation world http://www.brookings.edu/research/speeches/2015/03/10-monetary-fiscal-policy-post-inflation-rivlin
- Lunchtime Must-Read: : On Paul Krugman's: 'John and Maynard’s Excellent Adventure' http://equitablegrowth.org/?p=9895
- Morning Must-Read: : Survival of the Fittest Might Have Actually Been Survival of the Richest http://equitablegrowth.org/?p=9891
- Nighttime Must-Read: : European Central Bank Quantitative Easing: The Detailed Manual http://equitablegrowth.org/?p=9856
- Today's Must-Must-Read: : What People Talk About When They Talk About Zero Interest Rates http://equitablegrowth.org/?p=9849
- : "When aliens didn’t arrive in spaceships to save Keech and her followers on Dec. 21, 1954, as she predicted, it did not, at least as far as Keech’s followers were concerned, reveal her as a fraud.... When Congress debated and passed the Patient Protection and Affordable Care Act in 2009 and 2010, opponents were nearly unified in offering grim Keech-like predictions.... The dour prognostications are starting to look like Keech's flying saucers.... [But] that won't matter, and... Americans can expect a continued drumbeat of doom, even as the prophecies fail..." http://www.huffingtonpost.com/2015/03/16/obamacare-cognitive-dissonance_n_6866278.html
- : "The way to deal with secular stagnation... is to raise the long-run neutral interest rate above zero. If we can do this via structural reform and/or self-financing infrastructure investment, fine. If not, raise the inflation target.... If you’re really worried about secular stagnation, you should advocate a combination of a raised inflation target and a burst of fiscal stimulus to help the central bank get there..." http://krugman.blogs.nytimes.com/2015/03/16/st-augustine-and-secular-stagnation
- Afternoon Must-Read: : The U.K. vs. the U.S. Minimum-Wage Debate http://equitablegrowth.org/?p=9845
- : U.S. Macro Outlook: A Long Expansion https://www.economy.com/dismal/analysis/commentary/253451/US-Macro-Outlook-A-Long-Expansion
- Afternoon Must-Read: : Poor Stories from [David] Brooks and [Ross] Douthat http://equitablegrowth.org/?p=9843
- Lunchtime Must-Read: (2005): A Whiff of Stagflation http://equitablegrowth.org/?p=9835
- : If Economists Were Right, You Would Have a Raise by Now http://www.bloomberg.com/news/articles/2015-03-16/your-wallet-isn-t-getting-fatter-as-economics-101-comes-unhinged
- : I, for One, Welcome Our New Newsletter and Podcast Overlords http://sixcolors.com/post/2015/03/i-for-one-welcome-our-new-newsletter-and-podcast-overlords
- Nighttime Must-Read: : Eurozone Fiscal Policy http://equitablegrowth.org/?p=9833
- Nighttime Must-Read: : One Slack Measure to Rule Them All? http://equitablegrowth.org/?p=9830
- : The End of "Patient" and Questions for Yellen http://economistsview.typepad.com/timduy/2015/03/the-end-of-patient-and-questions-for-yellen.html
- : GigaOm: The Life and Death of a Venture-Funded Media Startup https://medium.com/@michaelwolf/gigaom-the-life-and-death-of-a-venture-funded-media-startup-eb3fbdc4e732
- Noah Smith: Americans Are Better Behaved http://www.bradford-delong.com/2015/03/april-fools-festival-day-vi-our-fool-today-is-david-brooks.html
- : Blog Fight! War Of Words Breaks Out In A Multi-Trillion Dollar Industry http://www.buzzfeed.com/matthewzeitlin/war-of-words-in-a-multi-trillion-industry#.eok1DQY7N
- : Because Finance Is Boring http://becausefinanceisboring.com
- : alexisgo.com http://alexisgo.com
- : jameskwak.net http://jameskwak.net
- Frontline Analysts http://www.frontlineanalysts.com
- : "NYT Then: Clinton 'May Have Violated' Federal Law With Email Use.... NYT Now... 'Members of President Obama's cabinet have a wide variety of strategies, shortcuts and tricks for handling their email, and until three months ago there was no law setting out precisely what they had to do with it, and when. And while the majority of Obama administration officials use government email to conduct their business, there has never been any legal prohibition against using a personal account..." http://mediamatters.org/research/2015/03/13/the-new-york-times-reverses-course-on-clintons/202894
- Afternoon Must-Read: : The Shape of Temptation: Implications for the Economic Lives of the Poor http://equitablegrowth.org/?p=9824
- Afternoon Must-Read: : Will the Dollar Impact US Growth? http://equitablegrowth.org/?p=9822
- Afternoon Must-Read: : Why Inequality Matters http://equitablegrowth.org/?p=9819
- : Euro-area governance: what to reform and how to do it http://www.bruegel.org/publications/publication-detail/publication/870-euro-area-governance-what-to-reform-and-how-to-do-it
- : Another Perspective On King v. Burwell http://jurist.org/forum/2015/03/timothy-jost-king-burwell.php#.VQSmWA-4CtQ.twitter
- : A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler http://www.nber.org/papers/w21000.pdf
- Afternoon Must-Read: : Nerds, High Priests, and the State of Economics http://equitablegrowth.org/?p=9810
- : "Interestingly, this is not the first time European monetary policy has served to stabilize the core economies while destabilizing the periphery. The first go-round occurred in 1992 under the European Monetary System (EMS)..." http://macromarketmusings.blogspot.com/2015/03/fool-me-once-shame-on-you-fool-me-twice.html
- : The Imaginary 'Moynihan Report' http://www.thedailybeast.com/articles/2014/03/14/the-imaginary-moynihan-report.html
: "Calling in the military to force Congress to pass a particular program that, not coincidentally, funds the military? That actually is fascism. Good job Lindsey. It’s early in the election cycle as well. Surely this can be topped and some Republican will call for full-fledged military government...." http://www.lawyersgunsmoneyblog.com/2015/03/lindsey-graham-fascist - Nighttime Must-Read: : [Why Use Years-Old Data to Attack Social Security Disability? http://equitablegrowth.org/?p=9789
- : "There was much talk about... African-American values... the root... of America’s poverty problem.... William Julius Wilson... argued... good jobs... went away, and the cultural changes followed.... [We] change[d]... the economy... [so] a large class of white men... los[t] access to good jobs... [and] William Julius Wilson was right. Which makes it remarkable to see people... say... the real problem isn’t money... [but] values." http://krugman.blogs.nytimes.com/2015/03/11/when-values-disappear
- Afternoon Must-Read: : The Conundrum of Corporation and Nation
- **: "A writing collective about finance and business. Guest posts considered, subject to peer review by our panel of experts" https://medium.com/bull-market/about
- : "[In] high-income countries... the official policy approach... assum[es]... growth, financial stability, and debt sustain- ability can be achieved through a mix of austerity and forbearance... do not need... debt restructurings and conversions, higher inflation, capital controls, and other forms of financial repression.... Delays in accepting that desperate times call for desperate measures keeps raising the odds that... this crisis may in the end surpass in severity the depression of the 1930s in a large number of countries..." http://scholar.harvard.edu/files/rogoff/files/aer_104-5_50-55.pdf
- : "The road ahead is clear: the potential in each student can be unlocked by combining the power of computers, software, and the internet with the human touch of a teacher-as-coach to motivate that student to work hard at learning..." http://blog.supplysideliberal.com/post/113403509198/quartz-60-the-coming-transformation-of
- : Weekend reading - Washington Center for Equitable Growth:
- Big Government Is Getting In The Way Of Big Data | FiveThirtyEight
- How to Improve Graduation Rates at Community Colleges - NYTimes.coms
- That euroglut outflow and the real Japanisation of Europe | FT Alphaville
- This is historic: The dollar will soon be worth more than the euro - The Washington Post
- The ECB’s policy mix is poison for banks | The Exchange
- Jobs, automation, Engels’ pause and the limits of history | FT Alphaville
- Afternoon Must-Read: : A Tech Bubble or Just a Mistake? http://www.bloombergview.com/articles/2015-03-11/a-tech-bubble-or-just-a-mistake-?alcmpid=view
- : Fed must raise rates now, warns [St. Louis Fed President Bullard http://www.ft.com/intl/cms/s/0/b116c7f0-c713-11e4-8e1f-00144feab7de.html
- : A Unicorn Realized? Promising Medicaid ACO Programs Really Exist http://www.commonwealthfund.org/publications/blog/2015/mar/unicorn-realized-medicaid-acos
- : How to Improve Graduation Rates at Community Colleges http://www.nytimes.com/2015/03/12/upshot/how-to-improve-graduation-rates-at-community-colleges.html
- : The sex lives of rich and poor women are remarkably similar — until it comes to birth control http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/09/the-sex-lives-of-rich-and-poor-women-are-remarkably-similar-until-it-comes-to-birth-control
- : "[Do] bilateral investment... and double taxation treaties... actually impact international investment flows[?]... Some find that IIAs have a strong effect on international invest ment flows, some find only a weak effect, some find no effect, and some even find negative effects..." http://ejil.oxfordjournals.org/content/20/3/935.full.pdf
- Morning Must-Read: : The Fed Under Fire
- Morning Must-Read: : TPP at the NAB http://equitablegrowth.org/?p=9768
- : The Pincer Attack on Macro Models http://noahpinionblog.blogspot.com/2015/03/the-pincer-attack-on-macro-models.html
- : Labor Market Slack and the Affordable Care Act http://equitablegrowth.org/news/labor-market-slack-affordable-care-act
- Afternoon Must-Read: : Weblogging http://equitablegrowth.org/?p=9750
- Afternoon Must-Read: : Jobs, Automation, Engels’ Pause and the Limits of History http://equitablegrowth.org/?p=9728
- : "The thing is, we’ve been here before. "In the early-to-mid 1990s... unemployment had already fallen to [the estimated NAIRU]. But inflation wasn’t actually rising. So Fed officials made what turned out to be a very good choice: They held their fire, waiting for clear signs of inflationary pressure. And it turned out that the United States’ economy was capable of generating millions more jobs, without inflation.... Are we in a similar situation now? Actually, I don’t know--but neither does the Fed. The question... is what to do in the face of that uncertainty.... To me... the answer seems painfully obvious: Don’t... pull that rate-hike trigger, until you see the whites of inflation’s eyes..."
- : "Whether significant changes [to the Federal Reserve] are warranted should depend on whether the central bank's interventions... aggravated the recent crisis, as they aggravated... the 1930s. But the Fed's critics have been curiously nonspecific about what they regard as the Fed's mistakes. And where they have been specific, as with the accusation that the Fed was fomenting inflation, they have been entirely wrong..." http://www.project-syndicate.org/commentary/federal-reserve-congressional-criticism-by-barry-eichengreen-2015-03
: Anaphoric definiteness in the ACA http://languagelog.ldc.upenn.edu/nll/?p=18039 - : "Why do I keep harping on this?, I’ve said this before and I’ll say it again: Journalism is important. Eternal vigilance is the price of liberty. The press is the fourth branch of government. So, yeah, it’s worth banging on this. As a statistician, I see no embarrassment at being irritated when a prominent journalist [like David Brooks] throws around fake-o numbers that just happen to advance his political agenda. It’s tacky tacky tacky, and if he’s going to have the bad taste to go on about morality like this, then, yeah, damn straight I’ll call him on it."
- : ACA Troofers Uncover Another Conspiracy http://www.lawyersgunsmoneyblog.com/2015/03/aca-troofers-uncover-another-conspiracy
- : "People who use... ‘food stamps’ tend to make healthier food choices than those who don't use SNAP.... To impose the easy virtue of the well-to-do on the poor is to request the most stressed and vulnerable members of society to display impossible moral heroism.... If the problems plaguing poor communities persist after poverty is drastically reduced, that would seem an appropriate time to pursue the matter of a better 'moral vocabulary'.... But before that conversation can happen, the obvious solution to the ‘chaos’ Brooks observes among poor communities is to reduce poverty, and let its moral quandaries resolve on their own." http://www.newrepublic.com/article/121265/david-brooks-argues-poor-people-need-morals-rich-people
- : "Why do I keep harping on this?, I’ve said this before and I’ll say it again: Journalism is important. Eternal vigilance is the price of liberty. The press is the fourth branch of government. So, yeah, it’s worth banging on this. As a statistician, I see no embarrassment at being irritated when a prominent journalist [like David Brooks] throws around fake-o numbers that just happen to advance his political agenda. It’s tacky tacky tacky, and if he’s going to have the bad taste to go on about morality like this, then, yeah, damn straight I’ll call him on it." http://andrewgelman.com/2015/03/10/voices-from-everywhere-saying-gently-this-we-praise-this-we-dont
- Looking for Hungry Grizzlies—on Purpose http://proof.nationalgeographic.com/2015/03/10/looking-for-hungry-grizzlies-on-purpose
- : Why Is the GOP-led Congress Making Such a Hash of Foreign Policy? http://www.washingtonpost.com/posteverything/wp/2015/03/11/heckuva-job-youre-doing-on-foreign-policy-congress
- : "In a Washington Post column on the Trans-Pacific Partnership (TPP), Larry Summers raises the right cautions... a trade deal should have rules that prevent countries from... deliberately lowering the value of their currency... not be about special privileges for corporations... not jeopardize public health by raising drug prices. Nonetheless it looks like Summers is likely still going to come down for the TPP... rationale... making East Asian markets more open to the United States. This is hard to see..." http://www.cepr.net/index.php/blogs/beat-the-press/larry-summers-gets-it-largely-right-on-trade
- : Herd Behavior in Financial Markets http://libertystreeteconomics.newyorkfed.org/2015/03/herd-behavior-in-financial-markets.html
- Lunchtime Must-Read: : Power from the People http://equitablegrowth.org/?p=9687
- Morning Must-Read: : The Rise of Residential Segregation http://equitablegrowth.org/?p=9685
- Lunchtime Must-Read: : Dan Pfeiffer on How the White House Learned to Be Liberal http://equitablegrowth.org/?p=9677
- Morning Must-Read: : This Will Be The GOP Congress' Last Chance For Salvation http://equitablegrowth.org/?p=9663
- : "A ruling for the plaintiffs would be bad news... lead to the collapse of the exchanges in [red] states, as more healthy people stop buying insurance.... [But] many of the one percenters in the health-care industry are card carrying Republicans who regularly buy tickets to top of the line fundraisers. These folks will not be happy about Republican state officials needlessly reducing the size of their trough... a powerful fifth column leaning on their representatives in the legislatures to create exchanges..." http://www.truth-out.org/opinion/item/29520-the-supreme-court-and-the-democrats-pre-emptive-surrender-on-obamacare
- : Welfare Reform: A Plea for Better Journalism http://niesr.ac.uk/blog/welfare-reform-plea-better-journalism
- Driftglass http://driftglass.blogspot.com
- : IT Feudalism: The Surveillance State and Wealth Gaps http://boingboing.net/2015/03/10/it-feudalism-the-surveillance.html
- : Kris Kobach Is The Most Racist Politician In America Today http://talkingpointsmemo.com/livewire/anthony-hensley-kris-kobach-most-racist-politician
- : Did Bullying Kill Missouri Auditor Tom Schweich? http://www.thedailybeast.com/articles/2015/03/05/did-bullying-kill-missouri-auditor-tom-schweich.html
- : A Book Sale at the Cost of Your Conscience http://whatever.scalzi.com/2015/03/09/a-book-sale-at-the-cost-of-your-conscience
- Evening Must-Read: (2011): Barnard College Commencement http://equitablegrowth.org/?p=9661
- : "A change in institutions towards ones that reduce the wage premium should also increase the hours premium.... Both periods of compression in the 1930s and the 1940s, then, seem to fit the pattern of institutions rather than supply-and-demand..." http://esoltas.blogspot.com/2015/03/causing-great-compression.html
- Afternoon Must-Read: : Stagflation Predictions http://equitablegrowth.org/?p=9659
- : "The February employment report almost certainly means the Fed will no longer describe its policy intentions as 'patient' at the conclusion of the March FOMC meeting. And it also keep a June rate hike in play. But for June to move from 'in play' to 'it's going to happen,' I still feel the Fed needs a more on the inflation side..." http://economistsview.typepad.com/timduy/2015/03/patient-is-history.html
- : "There’s no evidence that we are having a technology renaissance right now, or that technology has contributed in a major way to the weak recovery, or that a skills gap or other educational factor is holding back employment, or that highly skilled workers are having a great time in the labor market..." http://www.nextnewdeal.net/rortybomb/what-are-robots-doing-rebalancing-our-inequality-intellectual-portfolio
- : How Inequality Harms Health--and the Economy http://www.cbsnews.com/news/inequality-is-bad-for-health-and-bad-for-the-economy
- : Picking Winners? Investment Consultants' Recommendations of Fund Managers http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2327042
- : Forward Under 40: Trevon Logan ’99 http://www.uwalumni.com/awards/trevon-logan
- : Weekend Reading http://equitablegrowth.org/news/weekend-reading-27
- : "The JALSA argument is... (1) The plaintiffs’ interpretation might be unconstitutional. (2) The question... would be hard to resolve. And (3) a holding for the government would... avoid the hard question... [hence] the specter of unconstitutionality is a good reason not to venture in the plaintiffs’ direction..." http://blogs.law.harvard.edu/billofhealth/2015/03/06/3-reasons-not-to-worry-about-an-avoidance-holding-in-king-v-burwell
- : You Can't Spell "Reformicon" Without "Con" http://www.lawyersgunsmoneyblog.com/2015/03/cant-spell-reformicon-without-con)]
- : "tl;dr: you can’t do it today. and i think you should be able to..." https://medium.com/inside/blogging-on-medium-95f1546bcd7d
- (2012): 13 Ways of Looking at Medium http://www.niemanlab.org/2012/08/13-ways-of-looking-at-medium-the-new-bloggingsharingdiscovery-platform-from-ev-and-obvious
- The Uttermost West, Before the Thrones of the Valar, in the Timeless Halls http://www.bradford-delong.com/2003/06/the-uttermost-west-before-the-thrones-of-the-valar-in-the-timeless-halls.html
- : Many Worlds, the Born Rule, and Self-Locating Uncertainty http://arxiv.org/pdf/1405.7907v2.pdf
- : The Next Internet Is TV http://www.theawl.com/2015/02/the-next-internet-is-tv
- Morning Must-Read:* *: Medicare: A Seasoned Adult Conceived and Born in Sin http://equitablegrowth.org/?p=9638
- (2009): Economist's View: Are Macroeconomic Models Useful? http://economistsview.typepad.com/economistsview/2009/08/are-macroeconomic-models-useful.html
- : "People say that having cameras in the courtroom would undermine the solemn seriousity of Supreme Court oral arguments.... Antonin Scalia might start ranting like a third-tier winger talk radio host! Stephen Breyer might start asking lengthy... hypotheticals that... don’t... go... anyplace! Michael Carvin might come off like a sexist bully!... The justices already play to an audience; there’s no neutral form of oral argument that televised proceedings would undermine." http://www.lawyersgunsmoneyblog.com/2015/03/best-case-televised-hearings
- Afternoon Must-Read: : Economist's View: Ten Years http://equitablegrowth.org/?p=9636
- Afternoon Must-Read: : NIMBYism Is Holding Back Silicon Valley and the American Economy http://equitablegrowth.org/?p=9634
- : 2009 FOMC transcripts http://ftalphaville.ft.com/tag/2009-fomc-transcripts
- : Departmental Seminar: Machine-learning in Economics http://events.berkeley.edu/index.php/calendar/sn/econ/type/week.html
- Afternoon Must-Read: : Deferring to the IRS http://equitablegrowth.org/?p=9632
- : Uncertainty means that the Fed should wait a while before shifting course. Given the current situation, this would mean waiting a while to raise interest rates and then rapidly raising rates when the time comes..." http://equitablegrowth.org/news/uncertain-nature-natural-rate-interest
- : Federal Reserve Communication with Congress http://carolabinder.blogspot.com/2015/03/federal-reserve-communication-with.html
- : The Dilemmas of King v. Burwell http://douthat.blogs.nytimes.com/2015/03/05/the-dilemmas-of-king-v-burwell <-- I can only classify this as yet another example of low-functioning sociopathology: Douthat's position is: "Congressional Republicans misbehave, so let's punish the red states' working poor and lower middle class!"
- : "Carvin argued in 2012 that the tax credits are essential.... Scalia, Kennedy, Clarence Thomas and Samuel Alito embraced Carvin.... Kennedy, to his credit, appears to be willing to accept the implications of the opinion he signed in 2012.... Scalia and Alito, by contrast... said one thing in 2012 when it was useful to opponents of the Affordable Care Act, but they are now willing to claim... [otherwise]. Carvin... is an advocate.... Scalia and Alito do not have the same excuse." http://thinkprogress.org/justice/2015/03/05/3630173/lawyer-telling-supreme-court-gut-obamacare-explained-lose-2012
- : Elusive El Niño arrives http://www.noaanews.noaa.gov/stories2015/20150305-noaa-advisory-elnino-arrives.html
- Lunchtime Must-Read: : Hospital Stocks Surge After Justice Kennedy Criticizes Obamacare Challenge http://equitablegrowth.org/?p=9616
- : "[Michael Schmidt's New York] Times piece... says that there were ‘new’ regulations that Clinton was supposed to abide by.... So if these new regulations went into effect after she left State, then what rule did she violate, exactly?.... The [New York] Times has some questions to answer to: Did you know that the new regs went into effect after Clinton left office? And if you didn’t, why not? And if you did, why did you leave that fact out of the story?..." http://www.thedailybeast.com/articles/2015/03/03/hillary-email-scandal-not-so-fast.html
- : "Historians [will] look back on... 'Obamacare' [as] encourag[ing] a wave of innovation that gradually tamed the spiraling costs of a dysfunctional system, even as millions of previously excluded Americans gained access to health insurance..." http://www.project-syndicate.org/commentary/america-health-care-reform-policy-innovation-by-laura-tyson-and-lenny-mendonca-2014-12
- Evening Must-Read: : Riches and Perils of the Fossil-Fuel Age http://equitablegrowth.org/?p=9605
- Afternoon Must-Read: : Tariff Incidence: Evidence from U.S. Sugar Duties, 1890-1930 http://equitablegrowth.org/?p=9601
- Afternoon Must-Read: : Taxes and Fairness in an Era of High Inequality http://equitablegrowth.org/research/taxation-fairness-era-high-inequality
- : "Some A+ whataboutism here" https://twitter.com/blakehounshell/status/572575250170437633 https://t.co/XLTB8dG1me http://t.co/ysoKaQmruQ
- : On Trevon Logan: Chicago: Highly Segregated By Any Measure http://www.chicagomag.com/city-life/March-2015/Chicago-Highly-Segregated-By-Any-Measure
- : "The U.S. tax code is now the main vehicle for social policy in retirement, college savings, and housing. How well has this ‘submerged state’ worked? At least in these three areas, the effectiveness of the tax code, via deductions and credits, is questionable..." http://equitablegrowth.org/news/unfulfilled-promise-tax-credits-economic-policy
- : The First Victims of the First Crusade http://mobile.nytimes.com/2015/02/15/opinion/sunday/the-first-victims-of-the-first-crusade.html
- : Hangtown Fry http://www.saveur.com/article/Recipes/Hangtown-Oyster-Bacon-Omelette
- South Coast Portuguese Fish Chowder Recipe http://www.foodnetwork.com/recipes/south-coast-portuguese-fish-chowder-recipe.html
- "When 2,000 People Take a Daily Aspirin for Two Years: 1 Heart Attack is Prevented..." http://www.nytimes.com/2015/01/27/upshot/can-this-treatment-help-me-theres-a-statistic-for-that.html
- @delong: "@juliacarriew that is some grade A+ whataboutism from Professor Segal…" https://twitter.com/delong/status/572847080282165248
- Evening Must-Read: : The Steep Path Forward for Unionization http://equitablegrowth.org/news/steep-path-forward-unionization
- (2008): Stages of the Bubble http://krugman.blogs.nytimes.com/2008/12/30/stages-of-the-bubble
- Evening Must-Read: : The Failure of Macroeconomics http://equitablegrowth.org/?p=9574
- Evening Must-Read: : Wealth, Inequality, and the ‘Me? I’m Not Rich!’ Problem http://equitablegrowth.org/?p=9565
- Evening Must-Read: : Game On http://equitablegrowth.org/?p=9563
- : One Wrong Sentance After Another https://longandvariable.wordpress.com/2015/02/28/one-wrong-sentance-after-another
- Nighttime Must-Read: : The Strange Urge to Raise Rates http://equitablegrowth.org/?p=9550
- : "A $300 million mandatory appropriation for a new Local Housing Policy Grants program... to create a more elastic and diverse housing supply... establish a learning network that would provide ongoing capacity building to the organizations and entities to facilitate shared learning opportunities and disseminate best practices.... [NIMBYism] is... officially On The Radar Of People Who Matter..." http://tinyletter.com/mattyglesias/letters/there-s-something-really-exciting-hidden-in-obama-s-budget-request
- : Bull Market: A collection of finance and business writing https://medium.com/bull-market
- : Ending the Creditor’s Paradise: What would you tell six hundred leading German social democrats about their party’s handling of the Eurocrisis? https://www.jacobinmag.com/2015/02/germany-austerity-blyth-speech-spd
- : Thoughts on a Post-King Health Insurance Market http://www.balloon-juice.com/2015/02/10/thoughts-on-a-post-king-market
- : "I’m still quietly reeling from Leonard Nimoy’s death on Friday.... One of the trellises on which I grew my character is gone, really gone.... my leaders and teachers are washing away before my eyes..." http://nielsenhayden.com/makinglight/archives/016158.html
- : The 7 Best Star Trek Episodes Featuring Leonard Nimoy http://www.rawstory.com/rs/2015/02/the-7-best-star-trek-episodes-featuring-leonard-nimoy
- : GOP Economist Larry Kudlow: Bush Tax Cuts Worked Brilliantly http://nymag.com/daily/intelligencer/2015/02/gop-economist-bush-tax-cuts-worked-brilliantly.html
- : Whatever the Problem Is, Jim Webb Is Not the Solution http://www.lawyersgunsmoneyblog.com/2015/02/whatever-problem-jim-webb-not-solution
- : "The killers must have assumed that police would not try to pursue them.... Common murderers they would likely have chosen another venue.... Mr Nemtsov’s killers have burnt the regime’s last bridges with its liberal opponents. It would be appropriate, when a new regime arrives, for the site of his murder to be renamed the Nemtsov Bridge." http://www.ft.com/intl/cms/s/0/cdfab7d0-c008-11e4-9708-00144feab7de.html?ftcamp=published_links/rss/comment/feed//product&siteedition=intl#axzz3T34v2vOD
- Afternoon Must-Read: : Radical Rage at the Resilience of the Right http://equitablegrowth.org/?p=9541 <--Since 1970, one of the major themes has been the inability of left-of-center politics to produce a strong-enough book to support a further advance of social democracy. Not that right-of-center politics has delivered better outcomes, mind you...
- Morning Must-Read: : Modelling as a Method of Enquiry http://equitablegrowth.org/?p=9538 <--I am of the school who holds that if Malthus could have built economic models, he would have done so...
