Most-Recent Must-Reads:
- : Puncturing the Malthus Delusion: Structural change in the British economy before the industrial revolution, 1500-1800: Accounts of structural change in the pre-modern British economy vary substantially...
- Matt Levine: Hedge Fund Results: Since the end of 2011, hedge funds as a whole have (1) produced negative alpha and (2) added almost $900 billion of assets...
- Richard Mayhew: A Thousand and One Posts: Wow, that last post was my 1,000th post here at Balloon Juice. I was not expecting that when I first got started here...
- James Hamilton: Too Systemic to Fail: Bryan Kelly at the University of Chicago, Hanno Lustig at Stanford and Stijn van Nieuwerburgh....
- Bradley A. Hansen: Ironic Origins of Libertarianism: "Some liberty-loving soul had donated a copy of John Hospers’s Libertarianism: A Political Philosophy for Tomorrow (1971) to my local public library...
- Megan McArdle: Health Care Is a Business, Not a Right: You’ll die without food long before you’ll die without health care, and yet few people say we need to “take the profit motive out of farming”...
Most-Recent Links:
- David Atkins: How Much Bad Press Can Trump’s Campaign Take Before It Implodes?: He’s only down by 5 points nationally... terrifying... but because it means there’s almost no bad press a Republican could possibly receive to allow them to lose by a landslide. Conservative voters are so locked into their hatred of anything “liberal” that even a man as openly vile and dangerous as Trump will probably manage to at least make it close on election day.
- Susanne Lohmann: Darwinian Medicine for the University
- Jonathan Chait: The Neocons Have Gone From GOP Thought-Leaders to Outcasts
- Russell Letson: Reviews Charles Stross: The Nightmare Stacks
MOAR Must-Reads:
- Richard Mayhew: ObamaCare APTC Hacks: There are other exchange strategies that don’t rely as much on manipulating... [Silver Plan price] structures...
- Henry Aaron: How to Rescue Obamacare as Insurers Drop Out: There is a good fix for much of this problem...
- Seth Lloyd: Quantum Computer Reality: The 15th-century Renaissance was triggered by a flood of new information which changed how people thought about everything...
- Alexandra Scaggs: There’s No Yield, and Citi Isn’t Going to Take It Anymore: Citi’s Matt King has some harsh words for central bankers...
- Dean Baker: Stanley Fischer Rewrites Fed Inflation Target, Prepares to Throw People Out of Work: MarketWatch.... quotes Stanley Fischer... as saying, "We are close to our targets" for inflation and unemployment...
- Suresh Naidu and Noam Yuchtman: Lessons on inequality, labour markets, and conflict from the Gilded Age: A key feature of successful strikes was the ability of incumbent employees to prevent the use of replacement workers, via persuasion, pickets, or violence...
- Brad Setser: IMF Cannot Quit Fiscal Consolidation (in Asian Surplus Countries): In theory, the IMF now wants current account surplus countries to rely more heavily on fiscal stimulus and less on monetary stimulus...
- Mark Thoma: Why We Need a Fiscal Policy Commission: During the Great Recession, monetary policymakers were aggressive and creative....
- Ruixue Jia (2014): The Legacies of Forced Freedom: China's Treaty Ports
- Gabriel Chodorow-Reich and Johannes Wieland: Secular Labor Reallocation and Business Cycles: We study how economies respond to idiosyncratic shocks which induce reallocation of labor across industries....
- Ruddier Bachmann and Eric Sims: Confidence and the Transmission of Government Spending Shocks: In a standard structural VAR, an empirical measure of confidence does not significantly react to spending shocks and output multipliers are around one...
- : Monetary Policy and Inequality in the United States: We study the effects of monetary policy shocks on—and their historical contribution to—consumption and income inequality in the United States since 1980...
- Marc Andreessen: Software Programs the World: We frequently have delegations from all over the US and the world who come in and ask: “What can we do to have our own Silicon Valley?”...
- Pierre-Olivier Gourinchas et al.: The Greek Crisis: An Autopsy: The Greek crisis is one of the worst in history, even in the context of recorded ‘trifecta’ crises – the combination of a sudden stop with output collapse, a sovereign debt crisis, and a lending boom/bust...
MOAR Links:
- Alex Hern: If the age of self-driving cars is upon us, what's keeping them off the roads?
- J. Bradford DeLong and Lawrence H. Summers (1992): Policies for Long-Run Growth
- Paul Krugman: The Water Next Time
- Eric Berger: America hasn’t seen a solar eclipse like this since the end of World War I
- Scott Leimeux: Against the Voter-As-Consumer And Politics-As-Soap-Opera: Adolf Reed's opposition to voting as consumerism and politics as soap opera is beautifully put...
- Claire McCaskill: So here's to @KellyannePolls on the 4 year anniversary of her other client's famous gaffe. @ToddAkin @realDonaldTrump #2peasinapod.
- Sasha Issenberg (2004): David Brooks: Boo-Boos in Paradise
- Lucky Peach
- Ben Riley-Smith: Jeremy Corbyn called for ‘complete rehabilitation’ of Leon Trotsky in Parliament
- Matthew Yglesias: Saying Donald Trump is totally unlike mainstream Republicans could be the best way to beat them
- Laurence Ball: The Fed and Lehman Brothers
- Chris Dixon: Eleven Reasons To Be Excited About The Future of Technology
- Joe Stiglitz: Prizes, Not Patents
- Bonnie Kavoussi: Two Classical Models of Leadership: Achilles/Alexander and Aeneas/Augustus
- Jamelle Bouie: Trump’s Vision of Black America Is a White Supremacist Fantasy: And his outreach to black voters is a dog whistle for racists...
- Brian Resnick: Astronomers just found a new planet that could potentially support life--and it's really, really close: Astronomers have discovered a new, potentially habitable planet circling Proxima Centauri, the closest star to our own. This is likely the nearest planet outside our solar system that we’ll ever find. What’s more, it should, in theory, be warm enough for liquid water--and warm enough for life...
- Alex Beggs: 5 Chefs on How They'd Doctor Up Frozen Pizza
- P.Z. Myers: University of Chicago dean declares war on student autonomy
- Nick Rowe: Alpha Banks, Beta Banks, and Negative Rates
- Mark Carney: Inflation Report Q&A
- J. Bradford DeLong (2008): The Republic of the Central Banker
- **: Why we need better re-employment policies for formerly incarcerated African American men
