Grasping Reality on TypePad, by Brad DeLong

Must- and Should-Reads:

• Must-Must-Read: Adam Kotsko: The Good Inequality
• Must-Read: Nick Bunker: What Is the Right Size and Purpose of the U.S. Financial System?
• Must-Read: Zeynep Tufekci: The Machines Are Coming
• Must-Read: Timothy B. Lee: The Trans-Pacific Partnership: Great for Elites. Is It Good for Anyone Else?
• The Politics of Financial Insecurity: A Democratic Tilt, Undercut by Low Participation
• Cullen Roche: "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..."
• Scott Lemieux: "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..."
• Tim Worstall: We Really, Seriously, Don't Want Currency Manipulation Provisions In Trade Deals
• Dan Drezner: This Wasn’t the PhD Advice You Were Looking for
• Robert E. Hall: Macroeconomics of Persistent Slumps

Over at Equitable Growth--The Equitablog

• What Has Happened to the Middle Class, Anyway? - Washington Center for Equitable Growth
• Just What Are the Risks That Alarm Ken Rogoff?

Plus:

• Things to Read on the Evening of April 27, 2015

And Over Here: