Grasping Reality on TypePad, by Brad DeLong

Must- and Should-Reads:

• Must-Read: Mike Konczal: Student Loan Distress Goes Beyond Defaults
• Jared Bernstein: The Lessons of Lehman, Learned and Unlearned
• Frances Coppola: Rethinking Government Debt
• Must-Read: Ray Fair (2010): Convergence in Macroeconomics: Hoisted from Ray Fair's Archives
• Joseph E. Gagnon: It is highly unlikely that China would need to spend all of its reserves to defend the renminbi.... Moreover, the reserves are not useful for anything [else]... so China may as well use them.... Indeed... China is better off selling reserves while it can still get a good price for them...
• Matthew Yglesias: Why is the media more interested in Hillary's email than in Jeb's profoundly dishonest tax pitch?
• Must-Read: Paul Krugman: Poland Versus Greece
• Michael Woodford: [Prospect Theory as Efficient Perceptual Distortion](http://www.columbia.edu/~mw2230/Inattention AEAPP.pdf)
• Ryan Sweet: Full Employment Hasn't Always Translated Into Higher Inflation: We believe this time will be different
• Must-Read: Paul Krugman: Labour’s Dead Center
• Must-Read: Martin Sandbu**: The Importance of Corbynomics
• Ta-Nehisi Coates Interviewed by Ezra Klein: Ta-Nehisi Coates: “For African Americans, Unfreedom Is the Historical Norm”
• Must-Read: Tim Duy: Why the Fed Is Likely to Stand Pat This Week

Over at Equitable Growth--The Equitablog

• Nick Bunker: Keep an eye on changes to U.S. corporate income tax proposals
• Ben Zipperer: Comments on proposed U.S. overtime regulation
• The Arguments Being Put Forward for Raising Interest Rates Now Are Very Weak Indeed
• Why Don't Commercial Bankers Understand the Interests of Their Class Fraction?

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