Ambrose Evans-Pritchard: "Greece defiant as Germany tears up last-ditch EMU compromise on austerity. 'There is no macro-economic argument for further fiscal tightening. The only reason for doing so is on punitive grounds,' says Greece's Yanis Varoufakis. Failure to agree a deal could set off a chain-reaction in Greece as capital flight accelerates, leading ineluctably to a sovereign default and ejection from the euro..." http://www.telegraph.co.uk/finance/economics/11423922/Greece-defiant-as-Germany-tears-up-last-ditch-EMU-compromise-on-austerity.html
Château Ducru-Beaucaillou http://en.wikipedia.org/wiki/Château_Ducru-Beaucaillou
Evening Must-Read: The Hamilton Project (@hamiltonproj) | Twitter http://equitablegrowth.org/?p=9352
Afternoon Must-Read: Simon Wren-Lewis: Endogenous Supply and Depressed Demand http://equitablegrowth.org/?p=9348
Morning Must-Read: Nick Bunker: Income Inequality Over the Business Cycle http://equitablegrowth.org/news/income-inequality-change-business-cycle
Institute for the Study of Labor: Research in Labor Economics: Vol. 41: 'Gender Convergence in the Labor Market' FREE PAPER DOWNLOAD (until March 13, 2015) http://www.iza.org/publications/rle41
J.W. Mason: "The essential points... the goal of the euro system to create a situation where markets can 'pressurise governments into sound economic policies'... this requires limits on national sovereignty, which will be resisted by democratic governments; and... can only be overcome through the threat of a crisis..." http://slackwire.blogspot.com/2015/02/the-idea-was-to-create-modern-gold.html
Alex Balk: How To Fix The Internet http://www.theawl.com/2015/02/set-it-on-fire
Constitutional Mistermix: This Street Holds Its Secrets http://www.balloon-juice.com/2015/02/11/this-street-holds-its-secrets
Peter Beinart: "The deeper problem with Wiesel.... Wiesel is acutely, and understandably, sensitive to the harm Jews suffer. Yet he is largely blind to the harm Jews cause.... Wiesel notes that the Iranian threat is particularly vivid now because Jews will soon celebrate Purim, when they read about ‘a wicked man in Persia named Haman’ who tried to ‘annihilate, murder and destroy the Jews.’ But on Purim Jews also read about what happens after... Persia’s Jews ‘with the stroke of the sword, and slaughter, and destruction... slew of their foes seventy and five thousand.’ If the Book of Esther offers a haunting warning of the violence Jews can suffer, why does it not also warn us of the violence Jews can inflict? And if Wiesel is so alarmed by threats of nuclear annihilation, why does he keep embracing his former patron Sheldon Adelson, who in 2013 urged the United States to drop an ‘atomic weapon’ in the Iranian desert, and then, if the Iranians don’t halt their nuclear program, drop one ‘in the middle of Tehran’ so the Iranians are ‘wiped out’..." http://www.lawyersgunsmoneyblog.com/2015/02/israel-not-acted-upon-acts-upon-others
Josh Marshall: We Can't All Live in Interesting Times: Admonishing Jeff Herf http://talkingpointsmemo.com/edblog/we-cant-all-live-in-interesting-times
Yael T. Abouhalkah: Kris Kobach exposed in phony Kansas voter fraud claim http://www.kansascity.com/opinion/opn-columns-blogs/yael-t-abouhalkah/article10476305.html
My CAPE (cyclically adjusted price earnings) ratio reached 27.60 at close of market today, passing 2007 high. http://t.co/XbP0eZ2TA7
— Robert J Shiller (@RobertJShiller) February 13, 2015
Evening Must-Read: Stephen G Cecchetti and Enisse Kharroubi (2014): Why Does Financial Sector Growth Crowd Out Real Economic Growth? (Basel: BIS) http://equitablegrowth.org/?p=9307
Evening Must-Read Ben Walsh: "Here’s a chart... http://equitablegrowth.org/?p=9305
Lunchtime Must-Read: Simi Kedia and Thomas Philippon: The Economics of Fraudulent Accounting http://equitablegrowth.org/?p=9303
Martin Wolf: "In a world in which the private sectors of big economies suffer chronic demand deficiency syndrome, we are sure to see a hunt for such scraps of demand as exist.... At the very least, US spenders will, once again, have to pull not only their own economy but much of the rest of the world.... This is unlikely to work for very long... going to be quite hard work. The Fed must take due note...." http://www.ft.com/intl/cms/s/0/4c7dfcb8-b5d5-11e4-b58d-00144feab7de.html
Barry Eichengreen: Financial Crisis: The Banking Rules that Died by a Thousand Small Cuts http://fortune.com/2015/01/16/financial-crisis-bank-regulation
Robert Waldmann: Why Do Macroeconomists Think They Know Macroeconomics? http://rjwaldmann.blogspot.com/2015/02/why-do-macroeconomists-think-they-know.html
Joshua Aizenman et al.: Financial development and output growth: Evidence from East Asia and Latin America http://www.voxeu.org/article/financial-development-and-output-growth-evidence-east-asia-and-latin-america
Matthew Yglesias: Four American Health Care Fixes Neither Party Will Touch http://www.vox.com/2014/6/9/5788630/4-radical-ideas-for-promoting-more-affordable-health-care
Murad Ahmed: The Migrant Story Behind Thriving Global Tech http://www.ft.com/intl/cms/s/0/1fc907b6-b211-11e4-b380-00144feab7de.html?siteedition=intl#axzz3S0sqtrka
Financier http://en.wikipedia.org/wiki/Financier_(cake)
Umair Haque: Your Digital Strategy Shouldn’t Be About Attention https://hbr.org/2015/01/your-digital-strategy-shouldnt-be-about-attention
Ed Kilgore: "I’m really beginning to think that embracing everything Ben Carson considers ‘politically correct’ is a pretty good basic guide to ethical living." http://www.washingtonmonthly.com/political-animal-a/2015_02/are_rules_for_war_politically054214.php
Erica Armstrong Dunbarfeb: George Washington, Slave Catcher http://www.nytimes.com/2015/02/16/opinion/george-washington-slave-catcher.html
Marx Gladstone: Romance and Flensing at Boskone http://www.maxgladstone.com/2015/02/romance-and-flensing-at-boskone
Morning Should-Read: Nick Bunker: Income Over the Lifetime http://equitablegrowth.org/news/story-income-growth-lifetime
Morning Must-Read: Matthew Klein: Crush the Financial Sector, End the Great Stagnation? http://equitablegrowth.org/?p=9299
Morning Must-Read: Nicholas Bagley: Cleaning Up the Standing Mess in King http://equitablegrowth.org/?p=9297
Ben Thompson: "Stratechery.com is supported by subscriptions to the Daily Update... 12~15 articles a week delivered via five daily emails... covering the news... timely, but also timeless in their investigation of ‘Why’ and ‘What’s next.’ If you love Stratechery’s articles, you’ll love the Daily Update..." https://stratechery.com/membership
Morning Must-Read: Yanis Varoufakis: No Time for Games in Europe http://equitablegrowth.org/?p=9295
Evening Must-Read: John Podesta: Climate Change Progress Is Possible http://equitablegrowth.org/?p=9291
Afternoon Must-Read: Raquel Fernández and Jonathan Portes: Argentina’s Lessons for Greece http://equitablegrowth.org/?p=9289
Afternoon Must-Read: Yuriy Gorodnichenko, Gérard Roland, and Edward Walker: Putin’s European Fifth Column http://equitablegrowth.org/?p=9287
Barry Eichengreen and Beatrice Weder di Mauro: "Should central banks really worry so much about balance-sheet profits and losses?... No..." http://www.project-syndicate.org/commentary/central-bank-balance-sheet-losses-by-barry-eichengreen-and-beatrice-weder-di-mauro-2015-02
Cosma Rohilla Shalizi (2011): "Data cannot distinguish between power laws and other functional forms... size predicts relatively little of the variation between cities. The striking appearance of scaling in previous work is largely an artifact of using extensive quantities (city-wide totals) rather than intensive ones (per-capita rates). The remaining... is explained by concentration of specialist service[s]... in larger cities, in accordance with the long-standing economic notion of the 'hierarchy of central places'..." http://arxiv.org/abs/1102.4101
Simon Wren-Lewis: "I did a simple exercise to show how important fiscal austerity has been.... Using the same methodology... [for the UK as the US] you get a cumulated loss of around 14% of [a year's] GDP.... I’ve often quoted... a 5% loss... I have always been careful to describe as conservative... lower multipliers... assumes that all this lost GDP was recouped in 2013. Both differences are equally important in going from 14% to 5%..." http://mainlymacro.blogspot.com/2015/02/the-size-of-recent-macro-policy-failure.html
The Economist: The View from the Kremlin: Putin’s War on the West http://www.economist.com/news/leaders/21643189-ukraine-suffers-it-time-recognise-gravity-russian-threatand-counter
Michael Santoli: "If it takes eight pages, three charts and 25 footnotes to explain why a simple bet is going very wrong, is it effectively a concession of defeat?... The S&P 500 is a particularly ill-suited benchmark for judging the success of hedge funds.... Yet this sophisticated manager of hedge-fund portfolios willingly and confidently bet... they would do exactly that.... Seides notes that perhaps now... the time is approaching for hedgies finally to thrive.... But would you bet on it?" http://msantoli.tumblr.com/post/110804679383/cry-me-a-river-that-leads-to-omaha
Paul Waldman: "Might it also be true that Boehner is just terrible at his job? Look at... two stories... today... the possibility of a shutdown of the Department of Homeland Security.... Boehner can say ‘Senate Democrats should be to blame,’ but that won’t make it so.... The second... [is] the upcoming speech to Congress by... Netanyahu... roundly condemned for politicizing the relationship between the two countries..." http://www.washingtonpost.com/blogs/plum-line/wp/2015/02/16/the-rolling-disaster-of-john-boehners-speakership
Julian Zelizer: How Medicare Was Made http://www.newyorker.com/news/news-desk/medicare-made
Lesley @ xojane: DEAR WINTER: A Report From Snow-Buried Wine-Drunk Cookie-Eating Boston, Capital of New Hoth http://www.xojane.com/fun/boston-snow-hell-february-2015
Scott Lemieux: Well, that's funny, because I happen to have Congressman Doggett right here, so.... http://www.lawyersgunsmoneyblog.com/2015/02/well-thats-funny-happen-congressman-doggett-right
Lunchtime Must-Read: Paul Krugman: Triumph of the Chart http://equitablegrowth.org/2015/02/16/lunchtime-must-read-paul-krugman-triumph-chart
Nicholas Bagley: ["If it weren’t for the problems with the standing of the other three plaintiffs [in the King vs. Burwell case], I might be inclined to give Luck the benefit of the doubt. But I’m beginning to wonder how thoroughly the King lawyers vetted their clients..." http://theincidentaleconomist.com/wordpress/do-the-plaintiffs-in-king-have-standing-to-sue
William K. Black: Foreshadowing the Three Fraud Epidemics that Drove the Crisis http://equitablegrowth.org/?p=9272
Greg Ip: Benefit of ECB’s Bond Buying: Fiscal Breathing Room http://www.wsj.com/articles/benefit-of-ecbs-bond-buying-fiscal-breathing-room-1423700220 | When Is It Time for Mindful Austerity? http://blogs.wsj.com/economics/2015/02/09/when-is-it-time-for-mindful-austerity
WSJ Staff: Greg Ip Returns to Wall Street Journal as Chief Economics Commentator http://blogs.wsj.com/economics/2014/12/10/greg-ip-returns-to-wall-street-journal-as-chief-economics-commentator
Lady FOHF: "The feedback... on management fees... grumble[d]... on incentive fees... vociferous and frequently inseparable from complaints about performance... broadly summarised as follows: paying 20% for ‘alpha’ is apparently fine, paying that for ‘beta’ is definitely not..." http://ladyfohf.tumblr.com/post/110804683991/a-grand-dont-come-for-free
Richard Mayhew: Thoughts on a Post-King Market http://equitablegrowth.org/2015/02/16/nighttime-must-read-richard-mayhew-thoughts-post-king-market
Yichuan Wang: "Financial stability is apparently the new hot reason to tighten monetary policy, and in this article for Quartz I go in on some reasons for why this is a horrible idea..." http://synthenomics.blogspot.com
Kaiser Health News: Majority of Public Says Congress Should Act to Close Gaps if the Supreme Court Bars Financial Help for Purchasing Insurance in States Relying on healthcare.gov; Most in Potentially Affected States Want Their State To Set Up Its Own Marketplace if Needed http://kff.org/health-costs/press-release/majority-of-public-says-congress-should-act-to-close-gaps-if-the-supreme-court-bars-financial-help-for-purchasing-insurance-in-states-relying-on-healthcare-gov-most-in-potentially-affected-states-wan
David McRaney: "The misremembering [Brian] Williams claims to have suffered is easy to reproduce in our own lives..." http://boingboing.net/2015/02/11/the-science-behind-brian-willi.html
The Journal of Brief Ideas: "This is the Journal of Brief Ideas--citable ideas in fewer than 200 words" http://beta.briefideas.org
Jeet Heer: "[David Carr's] Colombo strategy... start casual, drop hints & then as the suspect (or reader) relaxes, push the inescapable conclusion.... If I was teaching a J-school class, I'd have students think about those last paragraphs Carr built towards, why they came as surprises. Of course, the type of writing Carr did depended on trust..." https://storify.com/JeetHeer1/david-carr-as-colombo
Kevin Drum: "What better way [for Sam Brownback] to distract the rubes than to engage in a bit of gay bashing? That'll get everyone riled up, and maybe they won't even notice just how much worse off they are than they used to be. It's a time-honored strategy." http://www.motherjones.com/kevin-drum/2015/02/kansas-economy-sucks-so-lets-do-little-gay-bashing-
Ben Thompson: "[Ezra] Klein... has 732k Twitter followers and a history of success.... Blogs are not dead, but Klein’s is, and while I don’t begrudge him his choice, I question the degree to which he knows he made one..." http://stratechery.com/2015/bloggings-bright-future
Ben Thompson: "The entire history of social media... is a story of unbundling.... Twitter has replaced link-posts and comments, Instagram... pictures... Facebook... albums and blogrolls... [in] contrast to a blog’s ability to do anything and everything relatively poorly.... [But] the blog has not and will not die: it is the only communications tool... owned by the author; to say someone follows a blog is to say someone follows a person..." http://stratechery.com/2015/bloggings-bright-future
Daniel J. Benjamin et al.: "Most existing efforts to find associations between genetic variation and economic behavior are based on samples that are too small to ensure adequate statistical power. This has led to many false positives in the literature..." http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3592970/#R93
Nighttime Must-Read: Matthew Yglesias: Why Politicians Are so Boring (and the MSM Is so Bad http://equitablegrowth.org/?p=9275
Here's a sad result: 63% of Iowa GOPers say that accepting climate science makes a candidate unacceptable--higher than immigration or CCSS.
— Geoff Garin (@geoffgarin) February 15, 2015
@JimPethokoukis I just call people “learned” or “insightful” or “sharp”. Yet you call @greg_ip “great”. Should I escalate? cc: @Noahpinion
— J. Bradford DeLong (@delong) February 15, 2015
Simon Wren-Lewis: "‘Mediamacro’ is the term I use to describe macroeconomics as it is portrayed in the majority of the media... emphasis... on the financial markets, and on the views of participants... prefers simple stories... fond of analogies between governments and individuals, even when those analogies are... false..." http://www.lrb.co.uk/v37/n04/simon-wren-lewis/the-austerity-con
Jeet Heer: The Pilgrim's Progress of Richard John Neuhaus https://storify.com/JeetHeer1/the-pilgrim-s-progress-of-richard-john-neuhaus
Lunchtime Must-Read: Derek Thompson: The Richest Cities for Young People: 1980 vs. Today http://equitablegrowth.org/2015/02/15/lunchtime-must-read-derek-thompson-richest-cities-young-people-1980-vs-today
Erik Loomis: Class Warfare http://www.lawyersgunsmoneyblog.com/2015/02/class-warfare-3
Robert Litan: What 'Audit the Fed' Really Means--and Threatens http://www.brookings.edu/research/opinions/2015/02/11-what-audit-the-fed-really-means-and-threatens-litan
Thomas Philippon: Finance vs. Wal-Mart: Why are Financial Services so Expensive? http://www.russellsage.org/sites/all/files/Rethinking-Finance/Philippon_v3.pdf
Simon Maloy: Yes, Bush lied about Iraq: Why are we still arguing about this? http://www.salon.com/2015/02/10/yes_bush_lied_about_iraq_why_are_we_still_arguing_about_this
Hillary Clinton and Bill Frist: Health Care for America’s Kids http://www.nytimes.com/2015/02/13/opinion/hillary-clinton-and-bill-frist-on-health-care-for-americas-kids.html
Felix Salmon: To all the young journalists asking for advice... http://fusion.net/story/45832/to-all-the-young-journalists-asking-for-advice
Richard Karp: A Personal View of Computer Science at Berkeley http://www.eecs.berkeley.edu/BEARS/CS_Anniversary/karp-talk.html
Henry Decker: 5 Policies That Republicans Loved (Until Obama Did, Too) http://www.nationalmemo.com/5-policies-republicans-loved-obama
Benjamin J. Dueholm: The Public Square’s New Clothes http://lutheranforum.org/categories/categories/archive/fall-2008/LF2008-3_51-55_Dueholm-The_Public_Squares.pdf/view
JEB BUSH: I won't talk about the wars my brother lost or the economy he destroyed. Now let me use his donor network and advisors in peace.
— LOLGOP (@LOLGOP) February 15, 2015
While some folks are taking on @HeerJeet over his Neuhaus review (LRT), it bears noting: RJN did not just defend guilty parties in abuse...
— Benjamin Dueholm (@bendueholm) February 14, 2015
John Fernald and Bing Wang: The Recent Rise and Fall of Rapid Productivity Growth http://equitablegrowth.org/?p=9254
Greg Ip: Benefit of ECB’s Bond Buying: Fiscal Breathing Room http://www.wsj.com/articles/benefit-of-ecbs-bond-buying-fiscal-breathing-room-1423700220
Paul Krugman: "Simon Wren-Lewis... how successful mainstream Keynesian macro... has been.... That’s exactly right.... In a rational world these past five years would be viewed as a triumph for mainstream economic analysis; the world has behaved the way the models said it would. And in the long run I think it will be seen that way..." http://krugman.blogs.nytimes.com/2015/02/13/20-20-foresight
Andrew Mayeda: Yes, Yellen Can Have It All as She Gets Ready to Raise Rates http://www.bloomberg.com/news/articles/2015-02-13/yes-yellen-can-have-it-all-as-she-gets-ready-to-raise-rates
Matthew Buettgens et al.: Health Care Spending by Those Becoming Uninsured if the Supreme Court Finds for the Plaintiff in King v. Burwell http://www.urban.org/UploadedPDF/2000106-Health-Care-Spending-by-Those-Becoming-Uninsured-if-the-Supreme-Court-Finds-for-the-Plaintiff-in-King-v-Burwell-Would-Fall-by-at-Least-35-Percent.pdf
Robert Farley: "Francis Sempa made a go at rehabilitating the reputation of James Burnham.... What’s odd... is that very few try to resurrect the reputation of... the people who argued that the only problems with the war in Indochina are that the United States didn’t squander enough blood and treasure and didn’t slaughter enough Asians. America’s historical memory has struggled to flush such voices from its consciousness, and has largely succeeded. It also bears note that the National Review itself rarely enjoys being reminded of the sort of sentiments it published during the 1950s and 1960s..." http://www.lawyersgunsmoneyblog.com/2015/02/people-stop-polite
Saint-Julien-Beychevelle http://en.wikipedia.org/wiki/Saint-Julien-Beychevelle
AFP: 'Mega-Drought' Risk in 21st-Century Western U.S. http://www.businessinsider.com/afp-scientists-warn-of-mega-drought-risk-in-western-us-2015-2
Felix Salmon: To all the young journalists asking for advice... http://fusion.net/story/45832/to-all-the-young-journalists-asking-for-advice
Duncan Black: How Does This Keep Happening http://www.eschatonblog.com/2015/02/how-do-this-keep-happening.html
Charlie Jane Anders: Tor.com Explains Why Novellas Are The Future Of Publishing http://io9.com/tor-com-explains-why-novellas-are-the-future-of-publish-1685440234
Paul Krugman: QE Truthers Paul Ryan and John Taylor http://krugman.blogs.nytimes.com/2015/02/12/qe-truthers
Mark Thoma: Erskine Bowles is Backhttp://equitablegrowth.org/?p=9225
Matt Phillips: No, India’s economy is not about to catch up with China’s anytime soon http://qz.com/342923/no-indias-economy-is-not-about-to-catch-up-with-chinas-anytime-soon
Olivier Blanchard (2008): The State of Macro http://equitablegrowth.org/?p=9223
Kevin Bullis: The Sad Story of the Battery Breakthrough that Proved Too Good to Be True http://www.technologyreview.com/view/522361/the-sad-story-of-the-battery-breakthrough-that-proved-too-good-to-be-true
Ross Douthat: The Case Against the Case Against the Crusades http://equitablegrowth.org/?p=9215
Elias Isquith: "Desperate to find a mythical 'reasonable conservative,' the NY Times helps inflate a myth. Here's the ugly reality..." http://www.salon.com/2015/02/12/conservatives_reformicon_sham_why_this_movement_is_still_not_really_a_thing
Sean McElwee: "Cracks... in the reformicon facade... environmental issues have gone entirely ignored.... bend[ing] a fundamentally flawed theory of poverty into wonky centrist plans have collapsed under the weight of their own absurdity... foreign policy is... embarrassing..." http://www.salon.com/2014/08/03/the_raging_contradiction_at_the_heart_of_the_conservative_reform_movement
Binyamin Appelbaum: How Mortgage Fraud Made the Financial Crisis Worse http://www.nytimes.com/2015/02/13/upshot/how-mortgage-fraud-made-the-financial-crisis-worse.html
Melissa S. Kearney and Lesley Turner (2013): Giving Secondary Earners a Tax Break: A Proposal to Help Low- and Middle-Income Families http://www.hamiltonproject.org/papers/giving_secondary_earners_a_tax_break
Claudia Sahm: Evening Must-Read: Is Resistance Futile? http://equitablegrowth.org/?p=9206
Paul Krugman: "Jonathan Chait notes that people [like Jonathan Weisman] are still trying to cast Paul Ryan as reasonable and moderate--hey, he visits bookstores!... The really amazing thing about the persistence of his personality cult is that economic and budget policy is his chosen area, where he has left a broad paper trail.... There is plenty of evidence about what he really believes and stands for[:]... to redistribute income from the poor to the one percent. If you want to claim otherwise, show me anything--anything at all..." http://krugman.blogs.nytimes.com/2015/02/10/up-close-and-delusional
Nate Cohn: The Parent Agenda, the Emerging Democratic Focus http://www.nytimes.com/2015/02/10/upshot/the-parent-agenda-the-emerging-democratic-focus.html
Amazon: Chromebooks: Electronics http://www.amazon.com/gp/browse.html?node=2858603011
Myke Cole: Changed Military Status http://file770.com/?p=20780
Belle Waring: Response to Freddie deBoer, Just Like I Done Promised, Ye of Little Faith http://crookedtimber.org/2015/02/10/response-to-freddie-deboer-just-like-i-done-promised-ye-of-little-faith
Trevon Logan and John Parman: The National Rise in Residential Segregation http://www.nber.org/papers/w20934
Jenée Desmond-Harris: "The New York Times' [Campbell Robertson's] coverage of a new report on lynchings in American history in a piece published today failed to mention the race of the people who were responsible for these acts..." http://www.vox.com/2015/2/10/8012149/lynching-report-nyt-white
Paul Krugman: [There's Something About Money http://krugman.blogs.nytimes.com/2015/02/10/theres-something-about-money-implicitly-wonkish
Dan Bogart: Evening Must-Read: "There Can Be No Partnership with the King": Regulatory Commitment and the Tortured Rise of England's East Indian Merchant Empire http://equitablegrowth.org/2015/02/10/evening-must-read-can-no-partnership-king-regulatory-commitment-tortured-rise-englands-east-indian-merchant-empire
Ashoka Mody: Obama Joins the Greek Chorus http://www.project-syndicate.org/commentary/obama-easing-greek-austerity-by-ashoka-mody-2015-02
Martin Wolf: Help Ukraine Seize This Chance http://www.ft.com/intl/cms/s/0/806eb796-b08b-11e4-92b6-00144feab7de.html
Michael Hiltzik: When a State Blocks Obamacare, ERs Close: The Lesson of Louisiana http://www.latimes.com/business/hiltzik/la-fi-mh-the-lesson-of-louisiana-20150206-column.html
Barry Eichengreen:: Cassandras and Currency Wars http://ftalphaville.ft.com/2015/02/10/2117691/eichengreen-cassandras-and-currency-wars
Tim Duy: On The Fed Credibility Gap http://economistsview.typepad.com/timduy/2015/02/on-the-fed-credibility-gap.html
Paul Krugman: "A genuine government of the left['s]... officials are never going to be held in high esteem by the Davos set. Alexis Tsipras is not going to be on bank boards of directors, president of the BIS, or, probably, an EU commissioner.... There will be no consolation prizes for failing conventionally..." http://krugman.blogs.nytimes.com/2015/02/09/greece-the-tie-that-doesnt-bind
Henry Aaron: "In place of the Obamacare requirement that people carry health insurance... Burr-Hatch-Upton plan would impose penalties lasting indefinitely on families that,... go without insurance, even if insurance is unaffordable. And it is likely to be unaffordable..." http://www.brookings.edu/blogs/health360/posts/2015/02/09-anti-obamacare-gop-burr-hatch-upton-alternative-aaron
Chico Harlan and Jim Tankersley: "'When Hillary Clinton runs, she’s going to say, "The Republicans gave us a crappy economy twice, and we fixed it twice. Why would you ever trust them again?"' said Kevin Hassett... former economic adviser to... John McCain... and...Mitt Romney..." http://www.washingtonpost.com/business/economy/prosperity-spoiling-republican-campaigns-political-strategy/2015/02/06/7688ca62-ae2b-11e4-abe8-e1ef60ca26de_story.html
Stephanie Mencimer: Meet the Unusual Plaintiffs Behind the Supreme Court Case That Could Destroy Obamacare http://www.motherjones.com/politics/2015/02/king-burwell-supreme-court-obamacare
Miles Kimball: "Certificates that... attest to... ability to write computer code, write a decent essay, use a spreadsheet, or give a persuasive speech are going to be worth more and more. And any training program that takes the need to maintain its own credibility seriously can help students gain those skills and certify them..." http://qz.com/340304/degrees-dont-matter-anymore-skills-do
Paul Krugman: "European debtors did... need to tighten.... [But] Germany and other core economies which needed to spend more... also tried to spend less. The result was... an environment in which reducing debt ratios was impossible..." http://www.nytimes.com/2015/02/09/opinion/paul-krugman-nobody-understands-debt.html
Liz Gannes: Ten Years of Google Maps, From Slashdot to Ground Truth http://recode.net/2015/02/08/ten-years-of-google-maps-from-slashdot-to-ground-truth
Andrew Kaczynski: "Ethan Czahor’s tweets began disappearing... after... he had been hired by Jeb Bush [as CTO].... The latest tweet count is 132. Severa;... refer to women as ‘sluts’.... Right to Rise did not return request for comment..." http://www.buzzfeed.com/andrewkaczynski/new-jeb-bush-chief-technology-officer-deleting-old#.axBq4wWjd
Nathaniel Stein: "I was keenly aware of my Jewishness when I enrolled at Hogwarts in... 1949.... Many of the more overtly anti-Semitic trappings were by that time long gone--the pork-levitation requirement dropped..."
Roger Farmer: Neo-Paleo-Keynesianism: A Suggested Definition http://rogerfarmerblog.blogspot.co.nz/2014/01/i-am-neo-paleo-keynesian-there-has-been.html
The Onion: Health Experts Recommend Standing Up At Desk, Leaving Office, Never Coming Back http://www.theonion.com/articles/health-experts-recommend-standing-up-at-desk-leavi,37957
Lawrence Summers: Only Raise Rates when Whites of Inflation’s Eyes are Visible http://economistsview.typepad.com/economistsview/2015/02/only-raise-rates-when-whites-of-inflations-eyes-are-visible.html
Ezra Klein and Matthew Yglesias: Interview with Barack Obama: Teaser https://m.facebook.com/story.php?story_fbid=335655186622090&id=223649167822693&_rdr
Simon Wren-Lewis: The Divine Coincidence http://mainlymacro.blogspot.com/2015/02/the-divine-coincidence-in-parallel.html
Aki Ito: Six Things Technology Has Made Insanely Cheap http://www.bloomberg.com/news/articles/2015-02-05/six-things-technology-has-made-insanely-cheap?hootPostID=a4cbb434de32788646e80ab65f26acba
Capital and Main http://capitalandmain.com/about
Ben Zipperer: U.S. wage growth remains sluggish despite employment gains http://equitablegrowth.org/news/u-s-wage-growth-remains-sluggish-despite-employment-gains
Migrate from Typepad or Movable Type to WordPress https://tp2wp.com
SageMath https://cloud.sagemath.com/projects
Sam Gerstenzang: Knowledge Units http://blog.samgerstenzang.com/post/110452097098/knowledge-units
Florence Italy and a highway interchange in Atlanta at same scale. http://t.co/rJIZlaBxpK pic.twitter.com/HuygfFg0Tl
— Christian Freese (@FreeseChristian) February 6, 2015
* Ken Kleiman: RStudio in the Cloud, for Dummies http://sas-and-r.blogspot.com/2012/02/rstudio-in-cloud-for-dummies.html
Call it "Obamacare” and 85% oppose it. Call it "Insure Tennessee” and just 16% oppose it. http://t.co/EO199o1I5z pic.twitter.com/UFiAt5fU68
— Sahil Kapur (@sahilkapur) February 6, 2015
Simon Wren-Lewis: Asymmetries and Uncertainties http://mainlymacro.blogspot.com/2015/02/asymmetries-and-uncertainties.html
LizardBreath**: "People remember exciting events... by remembering the stories they tell about them..." http://www.unfogged.com/archives/week_2015_02_01.html#014383
Edwin Park: Republican Health Plan Would Cause Millions to Lose Current Coverage and Add to the Ranks of the Uninsured and Underinsured http://www.cbpp.org/files/2-6-15health.pdf
Ramesh Ponnuru: Sorry, Bobby Jindal Is Still Wrong http://www.bloombergview.com/articles/2015-02-06/bobby-jindal-is-wrong-about-how-to-replace-obamacare
Richard Mayhew: "A major hospital in Baton Rouge, Louisiana is closing its emergency room because it is hemorrhaging money..." http://www.balloon-juice.com/2015/02/06/cause-and-effect-in-lousiana
Tim Duy: Fed Updates http://economistsview.typepad.com/timduy/2015/02/fed-updates.html
Lawrence Mishel: Expanding Opportunity http://edworkforce.house.gov/uploadedfiles/mishel_testimony.pdf
Eric Segall: The Rewriting of the Affordable Care Act by the Challengers in King v. Burwell http://www.dorfonlaw.org/2015/01/a-false-history-rewriting-of-affordable.html
Matthew Klein: Michael Pettis Explains the Euro Crisis http://ftalphaville.ft.com/2015/02/06/2113951/michael-pettis-explains-the-euro-crisis-and-a-lot-of-other-things-too
Michael Pettis: Syriza and the French indemnity of 1871-73 http://blog.mpettis.com/2015/02/syriza-and-the-french-indemnity-of-1871-73
John Herrman: The Next Internet Is TV http://www.theawl.com/2015/02/the-next-internet-is-tv
Teresa Nielsen Hayden: [@tnielsenhayden: "If personal beliefs... https://twitter.com/tnielsenhayden
David Glasner: A Keynesian Postscript on the Bright and Shining, Dearly Beloved, Depression of 1920-21 http://uneasymoney.com/2015/02/05/a-keynesian-postscript-on-the-bright-and-shining-dearly-beloved-depression-of-1920-21
Megan McArdle: Your Right to Skip Shots Ends Where My Kid Begins http://www.bloombergview.com/articles/2015-02-04/your-right-to-skip-shots-ends-where-my-kid-begins
Cory Doctorow: "After sending Roger Vanderklok for... asking to file a complaint, Philadelphia... TSA supervisor Charles Kieser... lied... in court... fabricated an aggressive confrontation and a bomb threat, neither of which are in evidence on the CCTV footage or in the police report. His victim was help incommunicado in jail, panicking his wife who had no idea where he'd gone. Kieser gets to keep his job." http://boingboing.net/2015/02/04/philly-tsa-supervisor-charles.html
Frances Coppola: "The ECB is acting far beyond its mandate in seeking to influence negotiations between Eurozone member states regarding the terms and conditions under which member states lend to their distressed partners..." http://coppolacomment.blogspot.co.uk/2015/02/what-on-earth-is-ecb-up-to.html
Richard Mayhew (2014): Reinventing the wheel http://www.balloon-juice.com/2014/01/31/reinventing-the-wheel
Noah Smith: What We Talk About When We Talk About the Middle Class http://www.bloombergview.com/articles/2015-02-05/middle-class-has-been-undermined-by-income-inequality
Mark Thoma: "If the Fed is overly optimistic yet again... it could raise interest rates too soon... perhaps even create a stall.... Most... believe that the risks involved with raising rates too soon are much larger than the risks of patience.... Asymmetric risks... combined with the Fed's tendency to be overly optimistic [make] the argument for a cautious, patient approach... stronger." http://www.cbsnews.com/news/the-feds-costly-optimism
W.E.B. Du Bois (1953): On Stalin https://www.marxists.org/reference/archive/stalin/biographies/1953/03/16.htm <:-- Given the context of discrimination and Jim Crow in W.E.B. Du Bois's era, attachment to the only political party to make racial equality a goal that it tried to live every day is understandable, but he really should have known better than this by 1953.
Joel Gillin: Pope Francis Declares Oscar Romero a Martyr http://www.newrepublic.com/article/120973/pope-francis-declares-oscar-romero-martyr-embarrassing-reaganites
Patrick Clark: Welcome to SubTropolis: The Business Complex Buried Under Kansas City http://www.bloomberg.com/news/features/2015-02-04/welcome-to-subtropolis-the-business-complex-buried-under-kansas-city
Ann Marie Marciarille: Missouri State of Mind: Sutter Health vs. Blue Shield: War of the Gargantuas http://www.marciarille.com/2015/01/su.html
Tim Stafford: The best way to win an argument http://www.bbc.com/future/story/20140521-the-best-way-to-win-an-argument
Emily Bell: Social Networks and Journalists https://gigaom.com/2015/01/30/emily-bell-social-networks-and-journalists-need-to-work-together
David Deming, Claudia Goldin, Lawrence F. Katz, and Noam Yuchtman: The Disruptive Potential of Online Learning http://www.voxeu.org/article/disruptive-potential-online-learning
Volunteer of the Month: Michael DeLong http://urbangleaners.org/you-can-help/volunteer
View from space of the coming atmospheric river storm system, taken Wednesday afternoon. Rain is on the way! #cawx pic.twitter.com/SR1phck6aO
— NWS Sacramento (@NWSSacramento) February 5, 2015
Elizabeth Stoker Bruenig: "[Rand] Paul launched into a meandering consideration of public health and liberty that concluded with the assertion that ‘the state doesn’t own your children, parents own the children.’ Paul’s bizarre rendering of the parent-child relationship as unilateral ownership is not the most unhinged thing a well-regarded libertarian has ever said about children..." http://www.newrepublic.com/article/120965/rand-paul-libertarians-have-long-had-horrifying-view-parenting
Lisa Abramowicz: "The 2008 financial crisis gave a few credit products a bad reputation... CDOs... credit-default swaps. But now... Goldman Sachs Group Inc. is... peddling... a ‘bespoke tranche opportunity.’" http://www.bloomberg.com/news/articles/2015-02-04/goldman-sachs-hawks-cdos-tainted-by-credit-crisis-under-new-name
Matthew Yglesias: Obama's new budget proves the grand bargain is finally dead http://www.vox.com/2015/2/2/7961735/obama-budget-grand-bargain
Ken Rogoff: "Europe needs to be much more generous in permanently writing down debt and, even more urgently, in reducing short-term repayment flows. The first is necessary to reduce long-term uncertainty; the second is essential to facilitate near-term growth..." http://www.project-syndicate.org/commentary/greek-exit-syriza-troika-negotiations-by-kenneth-rogoff-2015-02
Zoltan Poszar: A Macro View of Shadow Banking: Levered Betas and Wholesale Funding in the Context of Secular Stagnation http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2558945
Jeff Spross: Obama's middle-out economics is good. Bottom-up economics is better http://www.theweek.com/articles/536599/obamas-middleout-economics-good-bottomup-economics-better
{* Morris Kleiner: Reforming Occupational Licensing Policies http://www.brookings.edu/research/papers/2015/01/28-reforming-occupational-licensing-policies-kleiner
Kevin Drum: Here's the Big Problem With Liberals' "Middle Class" Agendahttp://m.motherjones.com/kevin-drum/2015/02/heres-big-problem-liberals-middle-class-agenda
Annie Karni and Celeste Katz: "Obama was 'unsmiling during the call, and slightly irritated when it was over,' Axelrod writes. The president hung up and said Romney admitted he was surprised at his own loss, Axelrod wrote. '"You really did a great job of getting the vote out in places like Cleveland and Milwaukee", in other words, black people', Obama said, paraphrasing Romney. 'That's what he thinks this was all about'..." http://talkingpointsmemo.com/edblog/this-should-go-well--5
Elias Asquith: America’s vaccination nightmare http://www.salon.com/2015/02/04/americas_vaccination_nightmare_what_christie_pauls_nonsense_is_really_about
Diane Coyle: How Technology Will Disrupt Education--and How It Won’t http://blogs.ft.com/the-exchange/2015/02/04/how-technology-will-disrupt-education-and-how-it-wont
Cardiff Garcia: US Treasury Yields and Shrinkage, Sovereign Bond Availability Edition <a href="http://ftalphavill