Grasping Reality on TypePad, by Brad DeLong

Should Reads:

• Francis X. Diebold: Machine Learning vs. Econometrics, II
• Kevin Bryan: Nobel Prize 2016 Part I: Bengt Holmstrom
• Kevin Bryan: Nobel Prize 2016 Part II: Oliver Hart
• Felix Salmon (2013): Where banks really make money on IPOs

And Over Here:

• Must-Read: Anat R. Admati et al.: The Leverage Ratchet Effect: "Firms’ inability to commit to future funding choices has profound consequences for capital structure dynamics...
• Must-Read: Antonio Fatás and Lawrence H. Summers: The Permanent Effects of Fiscal Consolidations: "The global financial crisis has permanently lowered the path of GDP in all advanced economies...
• Martin Longman: Paul Ryan’s Speakership Will End: "Robert Costa and Phillip Rucker['s]... latest... strikes me as completely delusional..." I am not sure that this is right. But it is very interesting... (Live from the Republicans' Self-Made Trump Hell)
• Why are American white men so easily grifted?: @mckaycoppins: Giuliani: "Hillary, we don't want your socialized medicine. Take it and stuff it up your [mumbles]... I didn't say it! I didn't say it!"
• Joe: Twitter Spam: "I'm buried under ads for laundry detergent. My problem is that I follow Charles Stross. I don't have a problem with porno spam on Twitter... (Comment of the Day)
• Trump: Is There Any Method Here?
• WTF?!?! (Live from the Republicans' Self-Made Trump Hell): Insightus: NC’s 2016 Voter Turnout (through 10 October)
• Paul Ryan still endorses Donald Trump for President: As Josh Barro says: Trump only takes your dignity if you give it to him... (Live from the Republicans' Self-Made Trump Hell)
• Must-Read: Matthew Yglesias: We Still Haven’t Recovered: "The long-term structural decline of American men’s attachment to the labor market is an interesting and important issue, [but] it’s not really an alternative to the theory that current low participation rates reflect an overall weak labor market...
• Must-Read: John Hempton: Twitter Buyout Rumours: "Twitter is [a] wildly addictive... chaotic world full of trolls, useless information, porn-spam and videos of kittens... [that] is... for sale...
• Francis Wilkinson: Trump Vanquished His Rivals for the GOP's Soul: "This was not the way to go if Trump wants to defeat Clinton... (Live from the Republicans' Self-Made Trump Hell)
• When the history of American politics is written,: it will prominently remember John McCain saying: "Why is Chelsea Clinton so ugly? Because her father is Janet Reno!"... (Live from the Republicans' Self-Made Hell of Trump)
• In any other year, either (a) Trump's claim not to have paid federal income taxes for twenty years or (b) the shutdown of Trump's flagship Trump Taj Mahal would be leading the news tonight... (Live from the Republicans' Self-Made Trump Hell)
• Dan Drezner: How Donald Trump’s Fall Matters: The events... were bad news for Trump... [and] worse news for America... (Live from the Republicans' Self-Made Trump Hell)
• No. Neither Dean Baquet or the bulk of the staff of the New York Times know what their jobs are or how to do them. Why do you ask? (Live from the Journamalists' Self-Made Trump Hell): Steve M.: Jim Rutenberg: Laziest Reporter Alive
• Weekend Reading: Ted Cruz: The Real Story
• Comment of the Day: Charles Steindel: Alan Greenspan Misjudged the Risks: "Agreed. I attended a number of FOMC meetings during the Greenspan era (not that one)...
• Comment of the Day: Question for Trumpists: Altoid: Pussy Grabs Back: "'Nobody respects women more than me'--Glenn Beck made it his laugh line of the morning...
• DRAFT: Advice to the Less-Deplorable Non-Pussy-Grabbing Republicans
• Paul Campos: A little story about Paul Ryan and the right wing epistemic bubble: "I wanted to pass along this tiny bit of internet ethnography... (Live from the Republicans' Self-Made Hell)
• Weekend Reading: Harold Nicolson (1936): The Via Media Between War and Dishonour...
• The Hon. Member for Epping, October 5, 1938:
• Live from America's Better Self: Recent polls
• No. As a rule, neither the bosses nor the reporters of the Washington Post have any idea how to do their job, or what their job is. Why do you ask? Steve M.: What Country Have You Been Living in?: "I'm told that yesterday's events are unprecedented in American politics... Dan Balz... (Live from the Journamalists' Self-Made Trump Hell)
• Must-Read: Aimee Donnellan: Hard Brexit to cost 2,000 Goldman Jobs: Wall Street giant to shift third of City staff if single market access is lost...
• Jonathan Last: The Debate's Biggest Loser Was the GOP: "[Trump] did not implode. He wasn't 'good', or attractive, or knowledgeable. He was coarse and whiny and unpleasant. He lied constantly... (Live from the Republicans' Self-Made Trump Hell)
• A right-wing in-the-tank hyenafinds nobody on the Republican side worthy of being in the tank for, and so speaks truth: Jennifer Rubin: [Second Debate: The End of Trump?][]: "His staff and any Republicans still on board deserve the blistering loss that awaits them in November and the professional humiliation that goes with enabling a creep... (Live from the Republicans' Self-Made Trump Hell)
• No. Dean Baquet and the New York Times staff have no idea what their job is, or how to do it. Why do you ask? (Live from the Journamalists' Self-Made Hell) Tom Scocca: Twitter:

Might Like to Read:

• Justin Worland: Presidential Debate: Hillary Clinton Beat Donald Trump, Polls Say: "A CNN/ORC poll found that 57% of voters who watched the debate thought Clinton won, compared to 34% for Trump. A YouGov poll found a smaller margin for Clinton, 47% to 42%."
• Scott Lemieux: The Richly Entertaining Buyer's Remorse of Ted Cruz
• D.R. Tucker: The GOP Death Spiral
• Scott Lemieux: The Richly Entertaining Buyer's Remorse of Ted Cruz
• D.R. Tucker: The GOP Death Spiral

Perhaps Worth Reading...