Grasping Reality on TypePad, by Brad DeLong

MOAR Must-Reads:

• FOMC: Press Release--June 15, 2016
• Gauti B. Eggertsson, Neil R. Mehrotra, Sanjay R. Singh, and Lawrence H. Summers: A Contagious Malady? Open Economy Dimensions of Secular Stagnation
• Y. Berman, O. Peters and A. Adamou: Far from Equilibrium: Wealth Reallocation in the United States
• Tierney Sneed: Inside Louisiana's Blockbuster Medicaid Expansion Roll Out
• Bill Emmott: Let’s Get Fiscal
• Larry Summers: Fed’s Current Strategy Ill Adapted to the Realities
• Simon Wren-Lewis: Brexit and Democracy
• Storify: Duncan Weldon on Globalization and Redistribution (with image, tweets) · delong · Storify
• Barry Ritholtz: How High Are Real House Prices?
• Dani Rodrik: Brexit and the Globalization Trilemma
• Judith Shulevitz: How to Fix Feminism
• Gavyn Davies: Why Hasn’t the Productivity Crisis Caused a Bear Narket (Yet)?

MOAR Links:

• Ann Laurie: Late Night Schadenfreude Open Thread: Frantically Searching for Their Pony
• Harry Reid: Complimenting Mitch McConnell on his SCOTUS / Merrick Garland strategy: "If anybody can get his senators to all agree to go over a cliff and kill themselves, that’s pretty good…"
• David Glasner: What’s Wrong with Econ 101?
• Matthew Yglesias: Financial markets are begging the US, Europe, and Japan to run bigger deficits
• Mike Konczal and Kevin Carey: Platform Debates: Free College?
• Martin Wolf: Brexiters’ idea of unilateral free trade is a dangerous fantasy: The EU’s regulatory harmonisation is not a perfidious plot against consumers
• Paul Krugman: Bondage Fantasies at the WSJ: "Back in early 2009... rising rates, the paper declared, were a sign that all-wise markets feared budget deficits and inflation... government was the problem. Seven years on... [has] the Journal has apologized for getting it all wrong?... Hahahahaha. Instead... low rates are not a sign that governments should build infrastructure, or that inflation is too low. They ‘reflect a lack of confidence in options for private investment.’ So rising rates show that government is the problem, and falling rates also show that government is the problem."
• John Holbo: Walton’s Republic
• Cardiff Garcia: Reminder: Macro Live, Janet Yellen presser edition, starting at 1:50pm EST: "Matt Klein and I will be joined by Alex Scaggs.... For some light pre-statement reading, we recommend: Recession Watch and the Global Reach of Fed Policy, by David Beckworth; Five Questions for Janet Yellen, by Tim Duy; QE, Basel III and the Fed’s New Target Rate, by Zoltan Poszar; The Fed is making the same mistakes over and over again, by Larry Summers"
• Matt Klein: Markets keep fighting the Fed, will the Fed keep letting them win?: "In the past, the Fed has reacted to diminished expectations for the longer-term level of short-term interest rates by adjusting its own forecast. We’ll be sure to check if the pattern continues today."
• Mark Frauenfelder: GOP Senator David Perdue leads prayer for Obama's death
• David Beckworth: Recession Watch and the Global Reach of Fed Policy: "Fed policy... has been putting a choke hold on the global economy... talking up interest rate hikes put a stranglehold on the dollar-bloc countries..."
• Martin Sandbu: Beyond Fossil Fuels
• Greg Sargent: Republicans discover nominating world’s most famous birther might not be a great idea
• David Lipton: Can Globalization Still Deliver?
• Duncan Weldon: Globalisation Is Fraying. Look Under the Elephant Trunk
• Bill Wyman: Nate Silver unloads on The New York Times
• Andrea Boltho, Wendy Carlin, and Pasquale Scaramozzino: Why East Germany did not become the next Mezzogiorno
• Paul McCulley: Our nation can't afford past-its-sell-date economic orthodoxy
• Hojoko Boston
• Island Creek Oyster Bar
• Izakaya
• Sakonnet Lobster
• Grilled Romaine with Blue Cheese-Bacon Vinaigrette Recipe
• Heather Boushey and Larry Mishel: Democratic Platform Drafting Committee
• Bloomberg: China's Rustbelt Revamp Leaves Millions of Jobs at Risk
• Matteo Cacciatore, Giuseppe Fiori, and Fabio Ghironi: Market deregulation and optimal monetary policy in a monetary union
• soma-zone: BackupLoupe

MOAR Storified:

• Storify: ObamaCare and Employer-Sponsored Insurance: Larry Levitt and Friends...
• Storify: Propane Jane: 2016: The Year the Southern Strategy Trumped the GOP: How 50 years of stoking White rage and resentment won Donald Trump the GOP nomination...
• Storify: The Daily Trump!: June 15, 2016: Seriously: there's enough each day for a feature...
• Storify: MOAR Bilgewater! Peter Baker and the New York Times Edition (with image, tweets) · delong · Storify
• Storify: Duncan Weldon on Globalization and Redistribution (with image, tweets) · delong · Storify
• Storify: David G. Bradley Owes Me $100 Every Time He Publishes Something by Ron Fournier (with tweets) · delong · Storify
• Storify: Europe: Too Little Democracy, or the Wrong Kind of Democracy? (with images, tweets) · delong · Storify: Dani Rodrik, Ambrose Evans-Pritchard, Me, and Others...
• Storify: Donald Trump's Most Horrifying Speech Ever (with images, tweets) · delong · Storify