Grasping Reality on TypePad, by Brad DeLong

Interesting Reads:

• Firefox Send https://send.firefox.com/
• William J. Baumol (1990): Entrepreneurship: Productive, Unproductive, and Destructive: "The productive contribution of... entrepreneurial activities varies much more ...f their allocation between productive activities such as innovation and largely unproductive activities such as rent seeking or organized crime..." http://www.colorado.edu/ibs/es/alston/econ4504/readings/Baumol%201990.pdf
• Ezra Klein: Trump is losing, and the weakest among us will pay the price: "As Trump’s presidency flails, it becomes more dangerous—perhaps not to the entire country, but to its weakest and most vulnerable members..." https://www.vox.com/policy-and-politics/2017/8/3/16089820/trump-losing-immigrants-police
• Simon Wren-Lewis: Is a flexible labour market a problem for central bankers?: "The ultimate arbiter of whether there is demand deficiency is inflation. If demand is deficient, inflation will be below target..." https://mainlymacro.blogspot.com.br/2017/08/is-flexible-labour-market-problem-for.html
• M. Ayhan Kose et al.: A Cross-Country Database of Fiscal Space http://documents.worldbank.org/curated/en/601211501678994591/pdf/WPS8157.pdf
• NCPA best known for firing Bruce Bartlett for not being politically reliable: Reagan Stewart: Free-Market Public Policy: "The National Center for Policy Analysis (NCPA), a 501c3 public policy research organization, announced this week that its Board of Directors has voted to dissolve the organization effective immediately..." http://www.ncpa.org/
• Benjamin Faber and Thibault Fally: "Moderate trade liberalisation could lead to a 1.5-2.5% lower cost-of-living inflation for the richest 20% of US households compared to the poorest 20%..." http://voxeu.org/article/firm-heterogeneity-consumption-baskets
• Narayana Kocherlakota: The Neglected Lessons of a Lost Decade - Bloomberg: "In some ways, the financial crisis was worse than the Great Depression..." https://www.bloomberg.com/view/articles/2017-08-02/the-neglected-lessons-of-a-lost-decade
• Janet Adamy and Paul Overberg: Struggling Americans Once Sought Greener Pastures—Now They’re Stuck: "The country is the least mobile since after World War II, even in economically depressed rural locales..." https://www.wsj.com/articles/struggling-americans-once-sought-greener-pasturesnow-theyre-stuck-1501686801?mg=prod/accounts-wsj
• Timothy Kane http://www.hoover.org/profiles/timothy-kane
• Tim Harford: We are still waiting for the robot revolution: "The problem is not machines taking our jobs—it is that they are slacking off..." https://www.ft.com/content/4423a404-5c0f-11e7-9bc8-8055f264aa8b
• Cardiff Garcia: Short-termism is as much consequence as cause of weak growth: "If you want companies to return less money to shareholders, then you should be able to defend an alternative choice for what they should do instead with their cash..." https://ftalphaville.ft.com/2017/06/20/2190351/short-termism-is-as-much-consequence-as-cause-of-weak-growth/
• William Dowlong (1982): Burke and the Age of Chivalry on JSTOR https://www.jstor.org/stable/3507401?seq=1#page_scan_tab_contents
• Adam Hochschild: Orwell: Homage to the 'Homage' http://www.nybooks.com/articles/2013/12/19/george-orwell-homage/
• Spying California Condors http://www.visitcalifornia.com/attraction/spying-california-condors
• Li Bai (also Li Bo; cf.: Du Fu) https://en.m.wikipedia.org/wiki/Li_Bai

And Over Here:

• Open Letter from 1470 Economists (Including Me) on Immigration http://www.bradford-delong.com/2017/08/open-letter-from-1470-economists-including-me-on-immigration.html
• Yes: The CBO's Growth Forecasts Are Not Unreasonable... http://www.bradford-delong.com/2017/08/michael-strain-stop-bashing-the-cbo-republicans-bloomberg-stop-bashing-the-cbo-republicans-a-word-to-the-wise-from.html
• Non-Monday Self-Smackdown: Gerald Baker Says the WSJ News Staff Will Go the Extra Mile Not to Call Trump's Lies Lies http://www.bradford-delong.com/2017/08/non-monday-self-smackdown-gerald-baker-says-the-wsj-news-staff-will-go-the-extra-mile-not-to-call-trumps-lies-lies.html
• Comment of the Day: Sans Souci: WALL STREET JOURNAL HONCHO GERARD BAKER [UNPRINTABLES] DONALD TRUMP http://www.bradford-delong.com/2017/08/comment-of-the-day-sans-souci-wall-street-journal-honcho-gerard-baker-unprintables-donald-trump-murdoch-errand-b.html
• Live from the Orange-Haired Baboon Cage: Alexandra Erin: WHOO. OKAY: "Lot of stuff happening but I'm going to dig into this 100% bonkers interview transcript from the WSJ..." http://www.bradford-delong.com/2017/08/live-from-the-orange-haired-baboon-cage-alexandra-erin-whoo-okay-lot-of-stuff-happening-but-im-going-to-dig-into-th.html
• Live from the Orange-Haired Baboon Cage: Dan Murphy: @BUNGDAN ON TWITTER: "TRUMP LIES IN PAST 24HRS http://www.bradford-delong.com/2017/08/dan-murphy-on-twitter-trump-lies-in-past-24hrs-1-didnt-win-nh-2-doesnt-have-unilateral-intl-tariff-power-3-us-not-t.html
• Live from the Green Frog Cage: Yes, Nicholas Nassim Taleb has lost his mind—if he ever had a mind. Why do you ask?: I hereby apologize to Professor Beard, on behalf of all non-deplorable people who are, ever have been, or ever will be interested in academic finance: Mary Beard: ROMAN BRITAIN IN BLACK AND WHITE: "It got worse after Nicholas Nassim Taleb weighed in, not on my side..." http://www.bradford-delong.com/2017/08/live-from-the-green-frog-cage-yes-nicholas-nassim-taleb-has-lost-his-mindif-he-ever-had-a-mind-why-do-you-ask-i-h.html
• Should-Read: Duncan Black: MAMA I DON'T WANT TO DIE: "I was too pessimistic about Obamacare..." http://www.bradford-delong.com/2017/08/should-read-duncan-black-mama-i-dont-want-to-die-i-was-too-pessimistic-about-obamacare-the-medicaid-expansi.html
• Should-Read: Kevin Drum: AFGHANISTAN PLAN KILLED BECAUSE ‘21’ CLOSED FOR REMODELING 30 YEARS AGO. THIS IS NOT A JOKE: "Consensus reality is that the run-down 21 Club closed for two months after it changed ownership..." http://www.bradford-delong.com/2017/08/should-read-kevin-drum-afghanistan-plan-killed-because-21-closed-for-remodeling-30-years-ago-this-is-not-a-joke.html
• Must-Read: Not "hands" vs. "minds", IMHO, but rather: "hands" vs. "minds and smiles"... Caroline Freund and Christine McDaniel: THE U.S. NEEDS TO INVEST IN MINDS, NOT MINERS: "Otherwise the job market will leave a lot of men behind..." http://www.bradford-delong.com/2017/08/the-us-needs-to-invest-in-minds-not-miners-bloomberg.html
• Must-Read: Joe Pompeo and Hadas Gold: GERRY BAKER TO STAFF: CRITICISM OF WALL STREET JOURNAL'S TRUMP COVERAGE IS 'FAKE NEWS': "He said there's been 'a lot of nonsense appearing in the media about how unreliable our reporting is'..." http://www.bradford-delong.com/2017/08/must-read-so-are-we-now-to-read-the-leak-of-the-_wsj_-trump-interview-transcript-was-some-_wsj_-staffer-undercutting-edi.html
• Must-Read: That's it. I'm calling this one for Nancy MacLean in Nancy MacLean versus the critics of her book Democracy in Chains on the rise of right-wing Public Choice. I think she gets a number of things wrong, but she gets the big thing about it right: Steve Horwitz: MACLEAN ON NUTTER AND BUCHANAN ON UNIVERSAL EDUCATION http://www.bradford-delong.com/2017/08/must-read-thats-it-im-calling-this-one-for-nancy-maclean-in-nancy-maclean-versus-the-critics-of-her-book-_democracy-i.html

Perhaps Worth Looking at...