Links and Tweets for April 2015
- : "This morning the markets are shocked thanks to a year-over-year gain in US salaries and wages of 2.6%. The ten-year Treasury yield is now up almost 10% over the last four days...." http://thereformedbroker.com/2015/04/30/the-new-new-new-normal-us-wages-rising
- (2006): After Neoconservatism http://www.nytimes.com/2006/02/19/magazine/neo.html?pagewanted=all
- : How To Read The Mind Of A Supreme Court Justice https://fivethirtyeight.com/features/how-to-read-the-mind-of-a-supreme-court-justice/
- : VSPs versus MSEs http://krugman.blogs.nytimes.com/2015/04/28/vsps-versus-mses
- : Scott Walker, forever tarnished: Republican governors have tanked the GOP brand http://www.salon.com/2015/04/23/scott_walker_forever_tarnished_republican_governors_have_tanked_the_gop_brand/
- : Measuring public panic in the Great Financial Crisis http://www.dvoxeu.org/article/measuring-public-panic-great-financial-crisis
- Must-Read: : How Fast are Semiconductor Prices Falling? http://equitablegrowth.org/?p=11156
- : A Month With LifeSpan’s Treadmill Desk http://recode.net/2015/04/29/one-month-with-a-treadmill-desk-beats-sitting-still
- : Marco Rubio Went to Bat for Bankrupt Corinthian Colleges http://www.bloomberg.com/politics/articles/2015-04-29/marco-rubio-goes-to-bat-for-corinthian-colleges
- : "It has been astonishing, from a US perspective, to witness the limpness of Labour’s response to the austerity push. Britain’s opposition has been amazingly willing to accept claims that budget deficits are the biggest economic issue facing the nation, and has made hardly any effort to challenge the extremely dubious proposition that fiscal policy under Blair and Brown was deeply irresponsible – or even the nonsensical proposition that this supposed fiscal irresponsibility caused the crisis of 2008-2009..." http://www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion
- : The Fed absolutely should embrace a 4 percent inflation target http://www.theweek.com/articles/552232/fed-absolutely-should-embrace-4-percent-inflation-target
- Must-Read: : Scott Walker, Labor Market Protectionist http://equitablegrowth.org/?p=11144
- Must-Read: : The Biggest Threat To Your Portfolio http://equitablegrowth.org/?p=11148
- : Advance Estimate of GDP for the First Quarter of 201 https://www.whitehouse.gov/blog/2015/04/29/advance-estimate-gdp-first-quarter-2015
- : Twitter Needs New Leadership http://stratechery.com/2015/twitter-needs-new-leadership/
- : "15.5 million people had major medical coverage in the individual insurance market – both inside and outside of the Marketplaces – as of December 31, 2014. Enrollment was up 4.8 million over the end of 2013, a 46% increase..." http://kff.org/private-insurance/issue-brief/data-note-how-has-the-individual-insurance-market-grown-under-the-affordable-care-act
- Must-Read: : China’s True Growth Is a Mystery; Economists Weigh the Clues http://equitablegrowth.org/?p=11135
- : "These permanently-hypothetical embraces of political violence are just a way to separate oneself from the squishes in a way that’s particularly flattering to a certain self-conception. It’s t-shirt radicalism. At its worst, it comes wrapped in the kind of goonish drama-club machismo that I most often find in liberals when they support ‘humanitarian intervention,’ pleased that they finally get to be the ones calling for more bloodshed. Consider the stakes. Consider how much skin you yourself have in the game. At some point, the self-impressed peacocking on social media stops being about the protesters in Baltimore and starts being all about you. Maybe you should slow down and consider the vulgarity of that situation..." http://fredrikdeboer.com/2015/04/28/were-all-very-impressed
- : 'What Ho, Gods of the Abyss!' http://asylums.insanejournal.com/scans_daily/474960.html
- : The Trans-Pacific Partnership Is Unlikely to Be a Good Deal for American Workers http://www.epi.org/publication/tpp-unlikely-to-be-good-deal-for-american-workers
- Must-Read: : The Euro Area's Debt Hangover http://equitablegrowth.org/?p=11120
- Must-Read: : Debating the Confidence Fairy http://equitablegrowth.org/?p=11122
- Must-Read: : Most developed countries’ central banks http://www.nytimes.com/2015/04/29/business/economy/2-inflation-rate-target-is-questioned-as-fed-policy-panel-prepares-to-meet.html
- : Nobody Famous https://medium.com/message/nobody-famous-37790cb4d014
- Must-Read: : The Political Roots of Widening Inequality http://equitablegrowth.org/?p=11118
- (2009): "VP Joe Biden stood up in front of a bunch of Hollywood execs and promised to appoint a copyright czar, and furthermore, that this would be the 'right' person to protect their interests. I would have voted Dem in the last election, if I got a vote, but make no mistakes: the Dems are the party of stupid copyright laws. From Hollywood Howard Berman on down, they've got a terrible track record on technology and copyright policy..." http://boingboing.net/2009/04/22/joe-biden-promises-a.html
- : Macroeconomics of Persistent Slumps http://web.stanford.edu/~rehall/HBC042315.pdf
- : We Really, Seriously, Don't Want Currency Manipulation Provisions In Trade Deals http://www.forbes.com/sites/timworstall/2015/04/25/we-really-seriously-dont-want-currency-manipulation-provisions-in-trade-deals/
- : This Wasn’t the PhD Advice You Were Looking for http://www.washingtonpost.com/posteverything/wp/2015/04/24/this-wasnt-the-phd-advice-you-were-looking-for
- : Guided by the Beauty of Their Weapons: An Analysis of Theodore Beale and his Supporters http://www.philipsandifer.com/2015/04/guided-by-beauty-of-their-weapons.html
- : An Introvert’s Guide to Greeting Strangers, Vague Acquaintances, and Friends https://medium.com/human-parts/an-introvert-s-guide-to-greeting-strangers-vague-acquaintances-and-friends-dbbccd3a00f5?sectionName=suggested
- The Politics of Financial Insecurity: A Democratic Tilt, Undercut by Low Participation http://www.people-press.org/2015/01/08/the-politics-of-financial-insecurity-a-democratic-tilt-undercut-by-low-participation/
- : "It only took 15 years, but the Nasdaq has finally set a new record high.... So, what can we learn from this grueling 15 year round trip? 1) Diversification Works.... 2) Price Compression Creates Tail Risk.... 3) Stop Chasing the Next Hot Thing in the Pursuit of Maximizing Returns..." http://www.pragcap.com/3-valuable-lessons-from-the-nasdaq-bubble?utm_source=dlvr.it&utm_medium=twitter
- : "Kansas is in the midst of a grim experiment putting crackpot supply-side economic theories into practice... [with] devastating results for poor people... [and a] government more intrusive into the private lives of the state's citizens.... Since the election of Brownback, Kansas has gone full Tea Party. Kansas Republicans have enacted massive upper-class tax cuts, with the idea that they would produce such an explosion of economic growth that the state would actually gain revenues.... Kansas Republicans certainly have no intention of taking responsibility for this disaster, which means a search for scapegoats. The targets should not be surprising: poor people, women, and gay people..." http://theweek.com/articles/551262/kansas-experiment-concentrated-conservatism-keeps-getting-grimmer
- : A Taste of Cosmology http://arxiv.org/pdf/1504.05945v1.pdf
- : The Resentment Machine http://thenewinquiry.com/essays/the-resentment-machine/
- : Marco Rubio Rakes In Donor Money By Touting Immigration Record--Behind Closed Doors http://www.buzzfeed.com/mckaycoppins/marco-rubio-rakes-in-donor-money-by-touting-immigration-reco#.nm3om96gV
- : Adagio Teas: Imperial Radch https://www.adagio.com/signature_blend/group.html?group=3047
- : Fashionable Bashing: 'New York' Columnist [Jonathan Chait] Knows Little But Talks Big http://www.nationalmemo.com/fashionable-bashing-new-york-columnist-knows-little-but-talks-big/
- Must-Must-Read: : The Good Inequality http://equitablegrowth.org/?p=11045
- Must-Read: : What Is the Right Size and Purpose of the U.S. Financial System? http://equitablegrowth.org/?p=11048>
- Must-Read: : The Machines Are Coming http://equitablegrowth.org/?p=11050
- Must-Read: : The Trans-Pacific Partnership: Great for Elites. Is It Good for Anyone Else? http://equitablegrowth.org/?p=11052
- : "Climate change is making the Texas panhandle, birthplace of the state’s iconic Longhorn, too hot and dry to raise beef. What happens to the range when the water runs out?"
- : "It's Not the 1% Controlling Politics. It's the 0.01 Percent.... About 1,200 Americans control more than 40 percent of election contributions... http://www.motherjones.com/kevin-drum/2015/04/one-percent-campaign-giving
- : The Asshole Factory http://equitablegrowth.org/?p=11025h
- Must-Read: : With Enemies Like These? http://equitablegrowth.org/?p=11027
- Must-Read: : That Old-Time Economics
- Must-Must-Read: : Greece--The Next Steps and Scenarios https://medium.com/bull-market/greece-the-next-steps-and-scenarios-576aedb408d4
- : The path to more U.S. exports? http://equitablegrowth.org/news/path-u-s-exports/
- : Public Assistance, Private Subsidies and Low Wage Jobs http://arindube.com/2015/04/19/public-assistance-private-subsidies-and-low-wage-jobs/
- : Netflix Aims at TV, Not HBO, Says CEO Reed Hastings http://recode.net/2015/04/16/netflix-doesnt-want-to-kill-hbo-it-wants-to-kill-tv/
- : “It’s not that we control NewsFeed, you control NewsFeed…” Facebook: please stop with this http://pressthink.org/2015/04/its-not-that-we-control-newsfeed-you-control-newsfeed-facebook-please-stop-with-this/
- : Members of Gamergate Planned to “Infiltrate” Calgary Expo to Actively Disrupt Panels, Calgary Expo Has Evicted Them http://www.themarysue.com/calgary-expo-gamergate-evicted/
- Must-Read: : Obamacare Opinion Poll: Repeal Popularity Driven by Old People http://www.newrepublic.com/article/121581/obamacare-opinion-poll-repeal-popularity-driven-old-people
- : Wage Inequality: A Story of Policy Choices http://www.epi.org/publication/wage-inequality-story-policy-choices/
- Must-Read: : “After Piketty”: 12 Policy Proposals http://equitablegrowth.org/?p=11010
- : 'Inequality: What Can Be Done?' http://www.oxfordmartin.ox.ac.uk/news/2015_Inequality_book?utm_source=Oxford+Martin+School+Academics&utm_campaign=1dff8ce3fd-Oxford_Martin_School_News_March_2015&utm_medium=email&utm_term=0_9b3128cc0e-1dff8ce3fd-333202501
- : Big Mac Test Shows Job Market Is Not Working to Distribute Wealth http://equitablegrowth.org/2015/04/22/must-read-eduardo-porter-big-mac-test-shows-job-market-not-working-distribute-wealth/
- : U.S. firms’ high debt loads amplified the Great Recession http://equitablegrowth.org/news/u-s-firms-high-debt-loads-amplified-great-recession/
- : Economists: Don’t Leave Home without One http://www.brookings.edu/research/opinions/2015/04/15-economists-value-litan
- Must-Read: : The Critique of Modern Macro http://equitablegrowth.org/?p=11014
- : "I find myself in the awkward and disagreeable position of agreeing with West’s opinions about Obama (and so concurring with Dave Zirin’s criticism of the New Republic article) while growing even more disappointed with West’s sense of priorities..."
- : "My view on the Sad Puppies is that they come across as a Roundworld version of the Elucidated Brethren of the Ebon Night from Guards! Guards! https://hereticfish.wordpress.com/2015/04/16/non-fictional-musings-about-the-hugos/.... And now they are Even Sadder Puppies because they just wanted what they felt was due to them and they can’t figure out why everyone is so pissed. (Or they know why everyone is so pissed but don’t want to admit it was a bad idea in the first place.)"
- Post-war diaries of Guy Liddell, then Deputy Director General of Security Service
- : "I find myself in the awkward and disagreeable position of agreeing with West’s opinions about Obama (and so concurring with Dave Zirin’s criticism of the New Republic article) while growing even more disappointed with West’s sense of priorities..." https://www.insidehighered.com/views/2015/04/22/commentary-dispute-between-michael-eric-dyson-and-cornel-west
- : Priorities for Economic Policy http://www.brookings.edu/research/speeches/2015/04/21-economic-club-rivlin?rssid=LatestFromBrookings#recent/
- : Taking Stock: Gains in Health Insurance Coverage under the ACA as of March 2015 http://hrms.urban.org/briefs/Gains-in-Health-Insurance-Coverage-under-the-ACA-as-of-March-2015.html
- : "My view on the Sad Puppies is that they come across as a Roundworld version of the Elucidated Brethren of the Ebon Night from Guards! Guards! https://hereticfish.wordpress.com/2015/04/16/non-fictional-musings-about-the-hugos/.... And now they are Even Sadder Puppies because they just wanted what they felt was due to them and they can’t figure out why everyone is so pissed. (Or they know why everyone is so pissed but don’t want to admit it was a bad idea in the first place.)" http://whatever.scalzi.com/2015/04/20/keeping-up-with-the-hugos-42015/#comment-781347
- Post-war diaries of Guy Liddell, then Deputy Director General of Security Service http://www.nationalarchives.gov.uk/news/policy-files-oct-2012.htm
- : "Is it the case that, compared to a few decades ago, there are far fewer papers in the top journals that simply try and explain historical time series for a single key macro aggregate (like consumption or saving)? If that is the case, is this due to the difficulties in getting microfounded models to fit, or something else?"http://mainlymacro.blogspot.co.uk/2014/08/us-savings-behaviour-and-empirical.html
- : 7 Charts on What Obamacare Critics Get Wrong http://www.vox.com/2015/4/16/8410585/obamacare-charts)
- : No More Cheating: Restoring the Rule of Law in Financial Markets http://baselinescenario.com/2015/04/15/no-more-cheating-restoring-the-rule-of-law-in-financial-markets/
- : Public Assistance, Private Subsidies and Low Wage Jobs http://arindube.com/2015/04/19/public-assistance-private-subsidies-and-low-wage-jobs/
- : UK Mediamacro Myths: An Introduction http://mainlymacro.blogspot.com/2015/04/uk-mediamacro-myths-introduction.html
- : Keeping Up with the Hugos, 4/20/15 | Whatever http://whatever.scalzi.com/2015/04/20/keeping-up-with-the-hugos-42015/
- : Why Unions Matter http://america.aljazeera.com/opinions/2015/4/why-unions-matter.html
- : The class war in American politics is over. The rich won http://www.vox.com/2014/9/3/6098677/the-class-war-in-american-politics-is-over-the-rich-won
- : The Effect of Rising Inequality on Social Security https://cdn.americanprogress.org/wp-content/uploads/2015/02/SocialSecurity-brief3.pdf>
- Marko Kloos (@markokloos): "If there has ever been a day that called for a big slice of NY cheesecake and a double dram of Scotch on the side, today is it..." https://twitter.com/markokloos/status/588501714279538688
- Must-Read: : It Takes A Regime Shift to Raise an Economy http://equitablegrowth.org/?p=10761
- Must-Read: : Euro-Area Governance: What to Reform and How http://equitablegrowth.org/?p=10765
- : Keeping Up With the Hugos, 4/20/15 http://whatever.scalzi.com/2015/04/20/keeping-up-with-the-hugos-42015/
- : ["On Saturday, April 18th, I informed the administrators at Sasquan that we have withdrawn Black Gate from consideration for the 2015 Hugo Award.... I have serious concerns about the legitimacy of the 2015 Hugo ballot, as it was largely dictated by a single individual, Vox Day, who campaigned for a slate of nominees on his website (the Rapid Puppies slate). To a lesser extent, it was also influenced by Brad Togersen’s Sad Puppies slate. Together, the two slates successfully placed 61 nominees on the ballot. Black Gate was part of the Rabid Puppies ballot, although we were unaware of our inclusion until we were informed of our nomination..." http://www.blackgate.com/2015/04/19/black-gate-withdraws-from-hugo-consideration/
- : Lesser-Known Trolley Problem Variations. http://www.mcsweeneys.net/articles/lesser-known-trolley-problem-variations
- : "I am relieved beyond measure to see that The Three-Body Problem by Liu Cixin (translated by Ken Liu) has been added to the Best Novel Hugo shortlist in place of Lines of Departure.... This reaffirms to me... that withdrawing Lines of Departure from the shortlist was 1000% the right call to make..." http://www.munchkinwrangler.com/2015/04/16/gladness
- : Barney Frank's Memoir http://www.brookings.edu/blogs/fixgov/posts/2015/04/16-barney-frank-memoir-mann
- (1879): Notes on Railroad Accidents http://www.gutenberg.org/files/48693/48693-h/48693-h.htm
- : The Hugo Awards Hijack: Nasty, Dishonest--But It Just Proves Progressives Right http://www.theguardian.com/commentisfree/2015/apr/18/hugo-award-hijack-just-proves-progressives-right
- Must-Read: : A Real Problem with the ACA http://www.balloon-juice.com/2015/04/14/a-real-problem-with-the-aca
- Must-Read: : Bond bubbles, MMT, and the Limits to Fiscal Policy http://equitablegrowth.org/?p=10574
- 2014 Hugo Award Statistics http://www.thehugoawards.org/content/pdf/2014HugoStatistics.pdf
- : Ethnic Norms and Their Transformation through Reputational Cascades
- [Archaeologist Tired Of Unearthing Unspeakable Ancient Evils](http://www.theonion.com/articles/archaeologist-tired-of-unearthing-unspeakable-anci,1448>
- Must-Read: : The Safety Trap http://equitablegrowth.org/?p=10582
- : Europe’s Poisoned Chalice of Growth http://www.project-syndicate.org/commentary/europe-growth-reform-by-barry-eichengreen-2015-04
- Must-Read: : Hottest Tax Idea in Washington Actually Terrible http://equitablegrowth.org/?p=10558
- Must-Read: : Fixed Mindsets http://equitablegrowth.org/?p=10560
- Must-Must-Read: : The Fed Can Be Patient About Raising Interest Rates http://equitablegrowth.org/?p=10552
- Must-Read: : The Mistakes Made by Most Development Reformers http://equitablegrowth.org/?p=10556
- Must-Read: : The New Liberal Consensus Is a Force to Be Reckoned With http://equitablegrowth.org/?p=10538
- Must-Read: : Research Summary http://equitablegrowth.org/?p=10550
- : The Zombie Statistic [that Health Care Is Responsible for Just 10% of Overall Health] Revisited http://theincidentaleconomist.com/wordpress/a-zombie-statistic
- : Europe’s Poisoned Chalice of Growth http://www.project-syndicate.org/commentary/europe-growth-reform-by-barry-eichengreen-2015-04
- : "I show adjusting for increased income inequality lowers the rate of U.S. economic growth since 1980 by roughly 15-20%, implying a social cost of increased income inequality in the U.S. of roughly $400 billion. Adjusting for differences in income inequality across countries, the U.S. is poorer than countries like Austria and the Netherlands, despite having higher national income per capita..." http://scholar.harvard.edu/hendren/publications/inequality-Deflatorinterpersonal-Comparisons-Without-Social-Welfare-Function
- : Facebook, Network Externalities, Regulation http://technosociology.org/?p=137
- Must-Read: : Macroeconomists Need New Tools to Challenge Consensus http://equitablegrowth.org/?p=10524
- Must-Read: : Is Your Job ‘Routine’? If So, It’s Probably Disappearing http://equitablegrowth.org/?p=10526
- : A Tenured Professor On Why Hiring Adjuncts Is Wrong http://talkingpointsmemo.com/cafe/a-tenured-professor-on-why-hiring-adjuncts-is-wrong
- (1939): "Seventy [five] years ago... a monumental military parade took place in the Polish city of Brześć. In view of the militarist spirit of the age there is nothing unusual in this. What is unusual is that the parade was held not by the Polish army, but by the Soviet Red Army and the Nazi German Wehrmacht--together..." http://riowang.blogspot.com/2009/09/brest-nazi-soviet-military-parade-23_25.html
- : The Code Is Just the Symptom https://medium.com/@rubyghetto/the-code-is-just-the-symptom-c77f43b29320
- Today's Must-Must-Read: : A Chart Obamacare's Critics Have a Hard Time Explaining http://equitablegrowth.org/?p=10519
- Must-Read: : Macro Teaching and the Financial Crisis http://equitablegrowth.org/?p=10521
- : Income inequality: poverty falling faster than ever but the 1% are racing ahead http://www.theguardian.com/news/datablog/2015/mar/27/income-inequality-rising-falling-worlds-richest-poorest?CMP=share_btn_tw
- : Bryan Davis Says He Can Make 20-Year-Old Rum in 6 Days http://www.wired.com/2015/04/lost-spirits/
- : Digital Locability and Interocular Trauma: CEOs say the dumbest things, part xxxx https://medium.com/bull-market/digital-locability-and-interocular-trauma-973397192975
- >: "Free trade in the financial markets does not lead to Pareto efficient outcomes. And, as we have learned only too painfully; pain on Wall Street leads to pain on Main Street. Monetary policy cannot ensure financial stability and stable prices with only one instrument. We must manage the risk composition of the central bank’s balance sheet as well as its size..." http://rogerfarmerblog.blogspot.com/2015/04/new-solutions-to-old-problems.html#more
- : Monsters Together: Review of Roger Moorhouse, "The Devils' Alliance" http://www.nybooks.com/articles/archives/2015/apr/23/hitler-stalin-monsters-together/
- : "You know what they say about ETFs… (REALLY good shorting vehicles for hedge funds and smart money in general.) And you know what they say about ETF launches… (If we build it to satisfy the shorting needs of the smart money, the long dumb money will surely come…)" http://ftalphaville.ft.com/2015/04/13/2126382/this-is-nuts-whens-the-crash-26/
- : “Don’t Lecture Me; I’m Trying to Learn!”; How Effective Are Lecture-Based Classes? http://www.rangerpulse.com/?p=9001#pq=Vogh4N
- : Creating skilled workers and higher-wage jobs http://www.brookings.edu/research/opinions/2015/04/10-skilled-workers-higher-wage-jobs-holzer?rssid=LatestFromBrookings
- Must-Read: : Work Makes Fritos http://equitablegrowth.org/?p=10447
- Must-Read: : EconoSpeak: Jeffrey Sachs’ Feeble Defense of David Cameron http://equitablegrowth.org/2015/04/13/must-read-pro-growth-liberal-jeffrey-sachs-feeble-defense-david-cameron/
- Today's Must-Must-Read: : Who Is Right About the Equilibrium Interest Rate? http://equitablegrowth.org/2015/04/13/todays-must-must-read-gavyn-davies-right-equilibrium-interest-rate/
- : The Full-Stack Employee https://medium.com/@chrismessina/the-full-stack-employee-ed0db089f0a1>
- : The Eurozone’s False Recovery http://www.project-syndicate.org/commentary/eurozone-false-economic-recovery-by-philippe-legrain-2015-04
- : Critique of the Gotha Programme https://www.marxists.org/archive/marx/works/1875/gotha/ch01.htm>
- Morning Must-Read: The American Prospect 25th Anniversary http://equitablegrowth.org/?p=10411
- Today's Must-Must-Read: : What Causes Recessions? http://equitablegrowth.org/?p=10413
- : "'Climate change is going to lead to overall much drier conditions toward the end of the 21st century than anything we've seen in probably the last 1,000 years,' said Benjamin Cook.... But despite the drier conditions and the apocalyptic headlines, California is unlikely to become a parched, uninhabitable hellscape, experts say..." http://www.livescience.com/50417-california-drought-future.html
- : Draghi's Doom Loops: More than Just the Euthanasia of the Rentiers http://beta.ineteconomics.org/ideas-papers/blog/draghis-doom-loops-more-than-just-the-euthanasia-of-the-rentiers
- : "And as a thirteen-year-old I read Heinlein and I believed everything Uncle Bob told me: I believed we should bring back flogging (Starship Troopers), practice Upton Sinclair’s version of socialism (Beyond This Horizon), and practice Free Love (Stranger).... When I re-read the book in college, I had the feeling that my kindly uncle was something of a blowhard. Now that I’m older, I’m finding the avuncular voice just the least bit condescending.... Still... I have to say that this is a very remarkable book, particularly for one that was composed in the Eisenhower Administration.... Stranger. Wow. Nothing like it." http://www.walterjonwilliams.net/2015/04/revisiting-the-classics
- (2001): A Theory of the Consumption Function, With and Without Liquidity Constraints http://www.econ2.jhu.edu/people/ccarroll/ATheoryv3JEP.pdf
- : "I finished Inequality: What Can Be Done? by Tony Atkinson, and think it’s great. If you’re only going to read one book on the subject, this is more useful than Piketty.... His main focus is how firms make these choices and exercise their market power. What constraints do they face? This depends on the state, and on corporate governance, and on finance. All of these offer paths to influencing income distribution..." http://www.enlightenmenteconomics.com/blog/index.php/2015/04/inequality-what-is-to-be-done
- Afternoon Must-Read: : Job Turnover and Workers’ Wellbeing http://equitablegrowth.org/?p=10379
- : Apple Watch Apps: What to Expecthttps://recode.net/2015/04/08/apple-watch-apps-what-to-expect
- Morning Must-Read: : The Apple Watch http://equitablegrowth.org/?p=10371
- Morning Must-Read: : Investors Beware: Today’s $100M+ Late-stage Private Rounds Are Very Different from an IPO http://equitablegrowth.org/?p=10351
- Lunchtime Must-Read: : Contours of Macroeconomic Policy in the Future http://equitablegrowth.org/?p=10340
- : How Sticky Wages and a Flock of Ducks Can Guide Economic Policy http://www.thefiscaltimes.com/Columns/2015/04/07/How-Sticky-Wages-and-Flock-Ducks-Can-Guide-Economic-Policy
- : Where do the beneficiaries of the Affordable Care Act live?: A Technical Appendix http://d3b0lhre2rgreb.cloudfront.net/ms-content/uploads/sites/10/2015/04/06173058/040715-aca-techapp.pdf
- Today's Must-Must-Read: : Teeth Whitening at the Supreme Court: The Antitrust Limits of Professional Sovereignty http://equitablegrowth.org/?p=10335
- : "[Sad Puppies] is basically an experiment in politics-based affirmative action, similar to what Jonathan Haidt wants to inflict upon American universities, but more extreme. My instinct says that it will produce a deluge of craptastic crap" http://noahpinionblog.blogspot.com/2015/04/the-hugo-award-silliness.html
- : "This [Kansas] provision makes it nearly impossible for a recipient who does not have a checking account to pay rent..." http://www.huffingtonpost.com/2015/04/04/kansas-welfare_n_7001116.html
- Morning Must-Read: : Should monetary policy take into account risks to financial stability? http://equitablegrowth.org/?p=10338
: "I declined a Hugo nomination for this year’s Best Fan Writer award. I think it’s only fair to the people who voted for me to say why. Be warned, this is going to take a while.... My discomfort with being put forward on the Puppy slates come from... the way Torgersen described the thinking and goals of the Sad Puppy project[:]... 'SAD PUPPIES simply holds its collective hand out — standing athwart “fandom” history--and yells, “Stop!”.... SF/F literature seems almost permanently stuck on the subversive switcheroo. If we’re going to do a Tolkien-type fantasy, this time we’ll make the Orcs the heroes, and Gondor will be the bad guys. Space opera? Our plucky underdogs will be transgender socialists.... Planetary colonization? The humans are the invaders and the native aliens are the righteous victims.... Why did we think it was a good idea to put these things so much on permanent display, that the stuff which originally made the field attractive in the first place--To Boldly Go Where No One Has Gone Before!--is pushed to the side?..." http://www.blackgate.com/2015/04/04/a-detailed-explanation/ - : "What do conservative policy intellectuals think about climate change?... Prominent conservative carbon tax supporters... Hank Paulson... Bob Inglis... Doug Holtz-Eakin.... The Adapters... Jim Manzi... Ramesh Ponnuru... Reihan Salam... Ross Douthat... Lee Lane.... The Handwringers... Greg Mankiw... Michael Gerson... David Brooks... Eli Lehrer.... The Deans of Denialism... George Will... Charles Krauthammer... Fred Barnes... Paul Gigot... Benjamin Zycher... Rupert Darwall" http://grist.org/politics/what-do-conservative-policy-intellectuals-think-about-climate-change
- : Do Economic Crises Reflect Crises in Economics? http://www.stifterverband.de/oekonomie/coyle.pdf
- Afternoon Must-Read: : A Cynic’s Guide To Fintech https://medium.com/p/3cd0995e0da3
- Afternoon Must-Read: : John Galt Hates Ben Bernanke http://krugman.blogs.nytimes.com/2015/04/03/john-galt-hates-ben-bernanke
- Morning Must-Must-Read: : The Pigou Effect Is Smarter than You Think http://equitablegrowth.org/?p=10299
- Lunchtime Must-Read: : Government Spending Can Cut the U.S. Deficit http://equitablegrowth.org/?p=10285
- : Thoughts on Yellen's Speech http://economistsview.typepad.com/timduy/2015/03/thoughts-on-yellens-speech.html
- (1985): "The real future of the laptop computer will remain in the specialized niche markets. Because no matter how inexpensive the machines become, and no matter how sophisticated their software, I still can't imagine the average user taking one along when going fishing." http://www.nytimes.com/1985/12/08/business/the-executive-computer.html
- Morning Must-Read: : Back to Cranks at AEI http://equitablegrowth.org/?p=10280
- : Tyler Cowen's Three-Card Monte on Inequality http://www.cepr.net/index.php/blogs/beat-the-press/tyler-cowens-three-card-monte-on-inequality
- Morning Must-Read: : Are Money Managers Lemmings? http://equitablegrowth.org/?p=10282
- Today's Must-Must-Read: : Do Not Underestimate the Power of Wrong Microfoundations! http://equitablegrowth.org/?p=10263
- : Politicians or Technocrats: Who Splits the Cake? http://carolabinder.blogspot.com/2015/03/politicians-or-technocrats-who-splits.html
- : How Conservatives Tried (and Failed) to Make Christianity About Being Anti-LGBT http://thinkprogress.org/lgbt/2015/04/04/3642970/conservatives-tried-failed-make-christianity-anti-lgbt
- : "Mervyn King... at Princeton... had a lot of interesting things to say — boy, is he hard on euro area policymakers, and as I heard him he’s surprisingly sympathetic to the current Greek leadership..." http://krugman.blogs.nytimes.com/2015/04/03/symmetric-scots/?smid=tw-NytimesKrugman&seid=auto
- Amanda Marcotte: "http://www.georgerrmartin.com/excerpt-from-the-winds-of-winter/ "Book loyalists, I think it’s becoming clear that Game of Thrones is forcing Martin to release more chapters." https://twitter.com/AmandaMarcotte/status/583684235753431041
- : iPhone Killer: The Secret History of the Apple Watch http://www.wired.com/2015/04/the-apple-watch
- : [A Tale Of Two Wearables https://medium.com/five-hundred-words/a-tale-of-two-wearables-9ba29e3b4443
- Today's Must-Must-Read: : Weak U.S. Employment Gains and Wage Growth http://equitablegrowth.org/2015/04/03/todays-must-must-read-ben-zipperer-weak-u-s-employment-gains-wage-growth
- : Was Milton Friedman the Last Economist? http://www.philosophyofmoney.net/share/?p=1401&preview=true#_ftn4
- Afternoon Should-Read: : A Brief Primer on Human Social Networks, or How to Keep $16 Billion In Your Pocket https://medium.com/@zeynep/a-brief-primer-on-human-social-networks-or-how-to-keep-16-billion-in-your-pocket-c290c8ac23dd
- : [Overlapping Generations: The First Jubilee http://isites.harvard.edu/fs/docs/icb.topic1002789.files/Week%209%20-%20October%2025%20and%2027/Weil-Overlapping%20generations-the%20first%20jubilee.pdf
- : An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money https://server1.tepper.cmu.edu/Phd/DCA/samuelson.pdf
- : How can the Iran deal fall apart? Let me count the ways http://www.washingtonpost.com/posteverything/wp/2015/04/03/how-can-the-iran-deal-fall-apart-let-me-count-the-ways
- Morning Must-Read: : Too Soon to Sound the Alarm, but March Jobs Numbers Should Give Us Pause http://equitablegrowth.org/?p=10226
- Morning Must-Read: : The Housing Bubble and the Financial Crisis #25,452
- : "Ted Cruz, Marco Rubio and Rand Paul — all made a striking confession: They considered ‘the increasing gap between rich and poor’ to be a problem. But on the question of whether the government should intervene to solve it, Mr. Cruz and Mr. Paul rejected that approach, and Mr. Rubio appeared to agree with them..." http://www.nytimes.com/2015/03/30/business/candidates-and-wealthy-are-aligned-on-inequality.html
- : "[Jeb] Bush is leaning on Glenn Hubbard and Kevin Warsh.... Hubbard is a competent economist, when he wants to be. But some people may recall that he went around loudly proclaiming that the ‘Bush boom’ proved the efficacy of tax cuts, while Obamacare was a huge drag on business.... Warsh... was a striking exemplar of... the self-proclaimed wise man who urges us to ignore basic macroeconomics in favor of assertions about market psychology... that aren’t even borne out by market prices..." http://krugman.blogs.nytimes.com/2015/04/01/jeb-bourbon
- Morning Must-Read: : The Housing Bubble and the Financial Crisis #25,452 http://equitablegrowth.org/?p=10220
- : Adam Smith Is Not the Sntidote to Thomas Piketty http://www.washingtonpost.com/blogs/monkey-cage/wp/2014/04/22/adam-smith-is-not-the-antidote-to-thomas-piketty
- Morning Must-Read: : An Extrapolative Model of House Price Dynamics http://equitablegrowth.org/?p=10218
- : Latest U.S. economic growth numbers highlight corporate investment http://equitablegrowth.org/news/latest-u-s-economic-growth-numbers-highlight-corporate-investment
- Morning Must-Read: : How Much Does Job Search Matter for Job Switching? http://equitablegrowth.org/?p=10215
- Morning Must-Read: : The Maddening Bond-Market Conundrum-Redux Conundrum http://equitablegrowth.org/?p=10210
- : Extracts from Frank Vanderlip, "From Farm Boy to Financier" http://www.marketskeptics.com/2009/06/frank-vanderlip-and-creation-of-federal.html
- Morning Must-Watch: Jared Bernstein: Our Full Employment Event… The Video! http://equitablegrowth.org/?p=10208
- Today's Must-Must-Read: : Hard Decisions on Easy Money: Growth Now or Turmoil Later? http://equitablegrowth.org/?p=10200
- Morning Must-Read: : Employment impacts of the Affordable Care Act http://equitablegrowth.org/?p=10194
- Morning Must-Read: : On Larry Ball and Sub-5% Unemployment http://equitablegrowth.org/?p=10196
- : "William Lehman has written a screed.... I kinda pull rank. He points to Star Trek.... Lehman has completely missed the point.... Gene Roddenberry was one of the great Social Justice Warriors. You don't get to claim him or his show as a shield of virtue for a cause he would have disdained..." https://www.facebook.com/david.gerrold/posts/10204973223422658
- : "How Xi Jinping, an unremarkable provincial administrator, became China’s most authoritarian leader since Mao..." http://www.newyorker.com/magazine/2015/04/06/born-red?mbid=social_twitter
- : [Newsonomics: BuzzFeed and The New York Times play Facebook’s ubiquity game http://www.niemanlab.org/2015/03/newsonomics-buzzfeed-and-the-new-york-times-play-facebooks-ubiquity-game/
- : [Letter from Jekyll Island
- : "How Xi Jinping, an unremarkable provincial administrator, became China’s most authoritarian leader since Mao..." http://www.newyorker.com/magazine/2015/04/06/born-red?mbid=social_twitter
- : "William Lehman has written a screed.... I kinda pull rank. He points to Star Trek.... Lehman has completely missed the point.... Gene Roddenberry was one of the great Social Justice Warriors. You don't get to claim him or his show as a shield of virtue for a cause he would have disdained..." https://www.facebook.com/david.gerrold/posts/10204973223422658
- Morning Must-Read: : On Larry Ball and Sub-5% Unemployment http://equitablegrowth.org/?p=10196
- : Uncle Hugo's: Interview with Miles Vorkosigan http://www.unclehugo.com/prod/ah-bujold-lois-more.php
- Morning Must-Read: : Employment impacts of the Affordable Care Act http://equitablegrowth.org/?p=10194
- (1998): Racism and Science Fiction http://www.nyrsf.com/racism-and-science-fiction-.html
