Today's Must-Must-Read: Lars E.O. Svennson: "Riksbank Deputy Governor Jansson Again Tries to Defend the Indefensible http://equitablegrowth.org/?p=9882
Nighttime Must-Read: Grégory Claeys et al.: European Central Bank Quantitative Easing: The Detailed Manual http://equitablegrowth.org/?p=9856
Today's Must-Must-Read: Matt O'Brien: What People Talk About When They Talk About Zero Interest Rates http://equitablegrowth.org/?p=9849
Michael McAuliff: "When aliens didn’t arrive in spaceships to save Keech and her followers on Dec. 21, 1954, as she predicted, it did not, at least as far as Keech’s followers were concerned, reveal her as a fraud.... When Congress debated and passed the Patient Protection and Affordable Care Act in 2009 and 2010, opponents were nearly unified in offering grim Keech-like predictions.... The dour prognostications are starting to look like Keech's flying saucers.... [But] that won't matter, and... Americans can expect a continued drumbeat of doom, even as the prophecies fail..." http://www.huffingtonpost.com/2015/03/16/obamacare-cognitive-dissonance_n_6866278.html
Paul Krugman: "The way to deal with secular stagnation... is to raise the long-run neutral interest rate above zero. If we can do this via structural reform and/or self-financing infrastructure investment, fine. If not, raise the inflation target.... If you’re really worried about secular stagnation, you should advocate a combination of a raised inflation target and a burst of fiscal stimulus to help the central bank get there..." http://krugman.blogs.nytimes.com/2015/03/16/st-augustine-and-secular-stagnation
Afternoon Must-Read: Jared Bernstein: The U.K. vs. the U.S. Minimum-Wage Debate http://equitablegrowth.org/?p=9845
Mark Zandi: U.S. Macro Outlook: A Long Expansion https://www.economy.com/dismal/analysis/commentary/253451/US-Macro-Outlook-A-Long-Expansion
Afternoon Must-Read: Helaine Olen: Poor Stories from [David] Brooks and [Ross] Douthat http://equitablegrowth.org/?p=9843
Lunchtime Must-Read: Paul Krugman (2005): A Whiff of Stagflation http://equitablegrowth.org/?p=9835
Peter Gosselin and Jennifer Oldham: If Economists Were Right, You Would Have a Raise by Now http://www.bloomberg.com/news/articles/2015-03-16/your-wallet-isn-t-getting-fatter-as-economics-101-comes-unhinged
Glenn Fleishman: I, for One, Welcome Our New Newsletter and Podcast Overlords http://sixcolors.com/post/2015/03/i-for-one-welcome-our-new-newsletter-and-podcast-overlords
Nighttime Must-Read: Simon Wren-Lewis: Eurozone Fiscal Policy http://equitablegrowth.org/?p=9833
Nighttime Must-Read: Nick Bunker: One Slack Measure to Rule Them All? http://equitablegrowth.org/?p=9830
Tim Duy: The End of "Patient" and Questions for Yellen http://economistsview.typepad.com/timduy/2015/03/the-end-of-patient-and-questions-for-yellen.html
Michael Wolf: GigaOm: The Life and Death of a Venture-Funded Media Startup https://medium.com/@michaelwolf/gigaom-the-life-and-death-of-a-venture-funded-media-startup-eb3fbdc4e732
Noah Smith: Americans Are Better Behaved http://www.bradford-delong.com/2015/03/april-fools-festival-day-vi-our-fool-today-is-david-brooks.html
Matthew Zeitlin: Blog Fight! War Of Words Breaks Out In A Multi-Trillion Dollar Industry http://www.buzzfeed.com/matthewzeitlin/war-of-words-in-a-multi-trillion-industry#.eok1DQY7N
Alexis Goldstein: Because Finance Is Boring http://becausefinanceisboring.com
Alexis Goldstein: alexisgo.com http://alexisgo.com
James Kwak: jameskwak.net http://jameskwak.net
Frontline Analysts http://www.frontlineanalysts.com
Alexandrea Boghun: "NYT Then: Clinton 'May Have Violated' Federal Law With Email Use.... NYT Now... 'Members of President Obama's cabinet have a wide variety of strategies, shortcuts and tricks for handling their email, and until three months ago there was no law setting out precisely what they had to do with it, and when. And while the majority of Obama administration officials use government email to conduct their business, there has never been any legal prohibition against using a personal account..." http://mediamatters.org/research/2015/03/13/the-new-york-times-reverses-course-on-clintons/202894
Afternoon Must-Read: Abhijit V. Banerjee and Sendhil Mullainathan: The Shape of Temptation: Implications for the Economic Lives of the Poor http://equitablegrowth.org/?p=9824
Afternoon Must-Read: Tim Duy: Will the Dollar Impact US Growth? http://equitablegrowth.org/?p=9822
Afternoon Must-Read: Daniel Kuehn: Why Inequality Matters http://equitablegrowth.org/?p=9819
Guntram B. Wolff and André Sapir: Euro-area governance: what to reform and how to do it http://www.bruegel.org/publications/publication-detail/publication/870-euro-area-governance-what-to-reform-and-how-to-do-it
Tim Jost: Another Perspective On King v. Burwell http://jurist.org/forum/2015/03/timothy-jost-king-burwell.php#.VQSmWA-4CtQ.twitter
Austan D. Goolsbee and Alan B. Krueger: A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler http://www.nber.org/papers/w21000.pdf
Afternoon Must-Read: Paul Krugman: Nerds, High Priests, and the State of Economics http://equitablegrowth.org/?p=9810
David Beckworth: "Interestingly, this is not the first time European monetary policy has served to stabilize the core economies while destabilizing the periphery. The first go-round occurred in 1992 under the European Monetary System (EMS)..." http://macromarketmusings.blogspot.com/2015/03/fool-me-once-shame-on-you-fool-me-twice.html
Jamelle Bouie: The Imaginary 'Moynihan Report' http://www.thedailybeast.com/articles/2014/03/14/the-imaginary-moynihan-report.html
Eric Loomis: "Calling in the military to force Congress to pass a particular program that, not coincidentally, funds the military? That actually is fascism. Good job Lindsey. It’s early in the election cycle as well. Surely this can be topped and some Republican will call for full-fledged military government...." http://www.lawyersgunsmoneyblog.com/2015/03/lindsey-graham-fascist
Nighttime Must-Read: Michael Hiltzik: [Why Use Years-Old Data to Attack Social Security Disability? http://equitablegrowth.org/?p=9789
Paul Krugman: "There was much talk about... African-American values... the root... of America’s poverty problem.... William Julius Wilson... argued... good jobs... went away, and the cultural changes followed.... [We] change[d]... the economy... [so] a large class of white men... los[t] access to good jobs... [and] William Julius Wilson was right. Which makes it remarkable to see people... say... the real problem isn’t money... [but] values." http://krugman.blogs.nytimes.com/2015/03/11/when-values-disappear
Afternoon Must-Read: Robert Reich: The Conundrum of Corporation and Nation
**Medium: Bull Market: "A writing collective about finance and business. Guest posts considered, subject to peer review by our panel of experts" https://medium.com/bull-market/about
Carmen Reinhart and Ken Rogoff: "[In] high-income countries... the official policy approach... assum[es]... growth, financial stability, and debt sustain- ability can be achieved through a mix of austerity and forbearance... do not need... debt restructurings and conversions, higher inflation, capital controls, and other forms of financial repression.... Delays in accepting that desperate times call for desperate measures keeps raising the odds that... this crisis may in the end surpass in severity the depression of the 1930s in a large number of countries..." http://scholar.harvard.edu/files/rogoff/files/aer_104-5_50-55.pdf
Miles Kimball: "The road ahead is clear: the potential in each student can be unlocked by combining the power of computers, software, and the internet with the human touch of a teacher-as-coach to motivate that student to work hard at learning..." http://blog.supplysideliberal.com/post/113403509198/quartz-60-the-coming-transformation-of
Nick Bunker: Weekend reading - Washington Center for Equitable Growth:
Big Government Is Getting In The Way Of Big Data | FiveThirtyEight
How to Improve Graduation Rates at Community Colleges - NYTimes.coms
That euroglut outflow and the real Japanisation of Europe | FT Alphaville
This is historic: The dollar will soon be worth more than the euro - The Washington Post
The ECB’s policy mix is poison for banks | The Exchange
Jobs, automation, Engels’ pause and the limits of history | FT Alphaville
Afternoon Must-Read: Noah Smith: A Tech Bubble or Just a Mistake? http://www.bloombergview.com/articles/2015-03-11/a-tech-bubble-or-just-a-mistake-?alcmpid=view
Sam Fleming: Fed must raise rates now, warns [St. Louis Fed President Bullard http://www.ft.com/intl/cms/s/0/b116c7f0-c713-11e4-8e1f-00144feab7de.html
Tricia McGinnis: A Unicorn Realized? Promising Medicaid ACO Programs Really Exist http://www.commonwealthfund.org/publications/blog/2015/mar/unicorn-realized-medicaid-acos
Susan Dynarski: How to Improve Graduation Rates at Community Colleges http://www.nytimes.com/2015/03/12/upshot/how-to-improve-graduation-rates-at-community-colleges.html
Danielle Paquette: The sex lives of rich and poor women are remarkably similar — until it comes to birth control http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/09/the-sex-lives-of-rich-and-poor-women-are-remarkably-similar-until-it-comes-to-birth-control
Karl P. Sauvant and Lisa E. Sachs: "[Do] bilateral investment... and double taxation treaties... actually impact international investment flows[?]... Some find that IIAs have a strong effect on international invest ment flows, some find only a weak effect, some find no effect, and some even find negative effects..." http://ejil.oxfordjournals.org/content/20/3/935.full.pdf
Morning Must-Read: Barry Eichengreen: The Fed Under Fire
Morning Must-Read: Paul Krugman: TPP at the NAB http://equitablegrowth.org/?p=9768
Noah Smith: The Pincer Attack on Macro Models http://noahpinionblog.blogspot.com/2015/03/the-pincer-attack-on-macro-models.html
Ben Zipperer: Labor Market Slack and the Affordable Care Act http://equitablegrowth.org/news/labor-market-slack-affordable-care-act
Afternoon Must-Read: Mark Thoma: Weblogging http://equitablegrowth.org/?p=9750
Afternoon Must-Read: Cardiff Garcia: Jobs, Automation, Engels’ Pause and the Limits of History http://equitablegrowth.org/?p=9728
Paul Krugman: "The thing is, we’ve been here before. "In the early-to-mid 1990s... unemployment had already fallen to [the estimated NAIRU]. But inflation wasn’t actually rising. So Fed officials made what turned out to be a very good choice: They held their fire, waiting for clear signs of inflationary pressure. And it turned out that the United States’ economy was capable of generating millions more jobs, without inflation.... Are we in a similar situation now? Actually, I don’t know--but neither does the Fed. The question... is what to do in the face of that uncertainty.... To me... the answer seems painfully obvious: Don’t... pull that rate-hike trigger, until you see the whites of inflation’s eyes..."
Barry Eichengreen: "Whether significant changes [to the Federal Reserve] are warranted should depend on whether the central bank's interventions... aggravated the recent crisis, as they aggravated... the 1930s. But the Fed's critics have been curiously nonspecific about what they regard as the Fed's mistakes. And where they have been specific, as with the accusation that the Fed was fomenting inflation, they have been entirely wrong..." http://www.project-syndicate.org/commentary/federal-reserve-congressional-criticism-by-barry-eichengreen-2015-03
Graham Katz: Anaphoric definiteness in the ACA http://languagelog.ldc.upenn.edu/nll/?p=18039
Andrew Gelman: "Why do I keep harping on this?, I’ve said this before and I’ll say it again: Journalism is important. Eternal vigilance is the price of liberty. The press is the fourth branch of government. So, yeah, it’s worth banging on this. As a statistician, I see no embarrassment at being irritated when a prominent journalist [like David Brooks] throws around fake-o numbers that just happen to advance his political agenda. It’s tacky tacky tacky, and if he’s going to have the bad taste to go on about morality like this, then, yeah, damn straight I’ll call him on it."
Scott Lemieux: ACA Troofers Uncover Another Conspiracy http://www.lawyersgunsmoneyblog.com/2015/03/aca-troofers-uncover-another-conspiracy
Elizabeth Stoker Bruenig: "People who use... ‘food stamps’ tend to make healthier food choices than those who don't use SNAP.... To impose the easy virtue of the well-to-do on the poor is to request the most stressed and vulnerable members of society to display impossible moral heroism.... If the problems plaguing poor communities persist after poverty is drastically reduced, that would seem an appropriate time to pursue the matter of a better 'moral vocabulary'.... But before that conversation can happen, the obvious solution to the ‘chaos’ Brooks observes among poor communities is to reduce poverty, and let its moral quandaries resolve on their own." http://www.newrepublic.com/article/121265/david-brooks-argues-poor-people-need-morals-rich-people
Andrew Gelman: "Why do I keep harping on this?, I’ve said this before and I’ll say it again: Journalism is important. Eternal vigilance is the price of liberty. The press is the fourth branch of government. So, yeah, it’s worth banging on this. As a statistician, I see no embarrassment at being irritated when a prominent journalist [like David Brooks] throws around fake-o numbers that just happen to advance his political agenda. It’s tacky tacky tacky, and if he’s going to have the bad taste to go on about morality like this, then, yeah, damn straight I’ll call him on it." http://andrewgelman.com/2015/03/10/voices-from-everywhere-saying-gently-this-we-praise-this-we-dont
Looking for Hungry Grizzlies—on Purpose http://proof.nationalgeographic.com/2015/03/10/looking-for-hungry-grizzlies-on-purpose
Dan Drezner: Why Is the GOP-led Congress Making Such a Hash of Foreign Policy? http://www.washingtonpost.com/posteverything/wp/2015/03/11/heckuva-job-youre-doing-on-foreign-policy-congress
Dean Baker: "In a Washington Post column on the Trans-Pacific Partnership (TPP), Larry Summers raises the right cautions... a trade deal should have rules that prevent countries from... deliberately lowering the value of their currency... not be about special privileges for corporations... not jeopardize public health by raising drug prices. Nonetheless it looks like Summers is likely still going to come down for the TPP... rationale... making East Asian markets more open to the United States. This is hard to see..." http://www.cepr.net/index.php/blogs/beat-the-press/larry-summers-gets-it-largely-right-on-trade
Marco Cipriani and Antonio Guarino: Herd Behavior in Financial Markets http://libertystreeteconomics.newyorkfed.org/2015/03/herd-behavior-in-financial-markets.html
Lunchtime Must-Read: Florence Jaumotte and Carolina Osorio Buitron: Power from the People http://equitablegrowth.org/?p=9687
Morning Must-Read: Trevon Logan and John Parman: The Rise of Residential Segregation http://equitablegrowth.org/?p=9685
Lunchtime Must-Read: Jonathan Chait: Dan Pfeiffer on How the White House Learned to Be Liberal http://equitablegrowth.org/?p=9677
Morning Must-Read: Stan Collender: This Will Be The GOP Congress' Last Chance For Salvation http://equitablegrowth.org/?p=9663
Dean Baker: "A ruling for the plaintiffs would be bad news... lead to the collapse of the exchanges in [red] states, as more healthy people stop buying insurance.... [But] many of the one percenters in the health-care industry are card carrying Republicans who regularly buy tickets to top of the line fundraisers. These folks will not be happy about Republican state officials needlessly reducing the size of their trough... a powerful fifth column leaning on their representatives in the legislatures to create exchanges..." http://www.truth-out.org/opinion/item/29520-the-supreme-court-and-the-democrats-pre-emptive-surrender-on-obamacare
Jonathan Portes: Welfare Reform: A Plea for Better Journalism http://niesr.ac.uk/blog/welfare-reform-plea-better-journalism
Driftglass http://driftglass.blogspot.com
Cory Doctorow: IT Feudalism: The Surveillance State and Wealth Gaps http://boingboing.net/2015/03/10/it-feudalism-the-surveillance.html
Anthony Hensley: Kris Kobach Is The Most Racist Politician In America Today http://talkingpointsmemo.com/livewire/anthony-hensley-kris-kobach-most-racist-politician
Eli Yokley: Did Bullying Kill Missouri Auditor Tom Schweich? http://www.thedailybeast.com/articles/2015/03/05/did-bullying-kill-missouri-auditor-tom-schweich.html
John Scalzi: A Book Sale at the Cost of Your Conscience http://whatever.scalzi.com/2015/03/09/a-book-sale-at-the-cost-of-your-conscience
Evening Must-Read: Sheryl Sandberg (2011): Barnard College Commencement http://equitablegrowth.org/?p=9661
Evan Soltas: "A change in institutions towards ones that reduce the wage premium should also increase the hours premium.... Both periods of compression in the 1930s and the 1940s, then, seem to fit the pattern of institutions rather than supply-and-demand..." http://esoltas.blogspot.com/2015/03/causing-great-compression.html
Afternoon Must-Read: Paul Krugman: Stagflation Predictions http://equitablegrowth.org/?p=9659
Tim Duy: "The February employment report almost certainly means the Fed will no longer describe its policy intentions as 'patient' at the conclusion of the March FOMC meeting. And it also keep a June rate hike in play. But for June to move from 'in play' to 'it's going to happen,' I still feel the Fed needs a more on the inflation side..." http://economistsview.typepad.com/timduy/2015/03/patient-is-history.html
Mike Konczal: "There’s no evidence that we are having a technology renaissance right now, or that technology has contributed in a major way to the weak recovery, or that a skills gap or other educational factor is holding back employment, or that highly skilled workers are having a great time in the labor market..." http://www.nextnewdeal.net/rortybomb/what-are-robots-doing-rebalancing-our-inequality-intellectual-portfolio
Mark Thoma: How Inequality Harms Health--and the Economy http://www.cbsnews.com/news/inequality-is-bad-for-health-and-bad-for-the-economy
Tim Jenkinson et al.: Picking Winners? Investment Consultants' Recommendations of Fund Managers http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2327042
Wisconsin Alumni Association: Forward Under 40: Trevon Logan ’99 http://www.uwalumni.com/awards/trevon-logan
Nick Bunker: Weekend Reading http://equitablegrowth.org/news/weekend-reading-27
Abigail Moncrieff: "The JALSA argument is... (1) The plaintiffs’ interpretation might be unconstitutional. (2) The question... would be hard to resolve. And (3) a holding for the government would... avoid the hard question... [hence] the specter of unconstitutionality is a good reason not to venture in the plaintiffs’ direction..." http://blogs.law.harvard.edu/billofhealth/2015/03/06/3-reasons-not-to-worry-about-an-avoidance-holding-in-king-v-burwell
Scott Lemieux: You Can't Spell "Reformicon" Without "Con" http://www.lawyersgunsmoneyblog.com/2015/03/cant-spell-reformicon-without-con)]
Michael Sippey: "tl;dr: you can’t do it today. and i think you should be able to..." https://medium.com/inside/blogging-on-medium-95f1546bcd7d
Joshua Benton (2012): 13 Ways of Looking at Medium http://www.niemanlab.org/2012/08/13-ways-of-looking-at-medium-the-new-bloggingsharingdiscovery-platform-from-ev-and-obvious
The Uttermost West, Before the Thrones of the Valar, in the Timeless Halls http://www.bradford-delong.com/2003/06/the-uttermost-west-before-the-thrones-of-the-valar-in-the-timeless-halls.html
Sean M. Carroll and Charles T. Sebens: Many Worlds, the Born Rule, and Self-Locating Uncertainty http://arxiv.org/pdf/1405.7907v2.pdf
John Herrman: The Next Internet Is TV http://www.theawl.com/2015/02/the-next-internet-is-tv
Morning Must-Read:* Uwe Reinhardt*: Medicare: A Seasoned Adult Conceived and Born in Sin http://equitablegrowth.org/?p=9638
Mark Thoma (2009): Economist's View: Are Macroeconomic Models Useful? http://economistsview.typepad.com/economistsview/2009/08/are-macroeconomic-models-useful.html
Scott Lemieux: "People say that having cameras in the courtroom would undermine the solemn seriousity of Supreme Court oral arguments.... Antonin Scalia might start ranting like a third-tier winger talk radio host! Stephen Breyer might start asking lengthy... hypotheticals that... don’t... go... anyplace! Michael Carvin might come off like a sexist bully!... The justices already play to an audience; there’s no neutral form of oral argument that televised proceedings would undermine." http://www.lawyersgunsmoneyblog.com/2015/03/best-case-televised-hearings
Afternoon Must-Read: Mark Thoma: Economist's View: Ten Years http://equitablegrowth.org/?p=9636
Afternoon Must-Read: Timothy B. Lee: NIMBYism Is Holding Back Silicon Valley and the American Economy http://equitablegrowth.org/?p=9634
Matthew C. Klein: 2009 FOMC transcripts http://ftalphaville.ft.com/tag/2009-fomc-transcripts
Sendhil Mullainathan: Departmental Seminar: Machine-learning in Economics http://events.berkeley.edu/index.php/calendar/sn/econ/type/week.html
Afternoon Must-Read: Nicholas Bagley: Deferring to the IRS http://equitablegrowth.org/?p=9632
Nick Bunker: Uncertainty means that the Fed should wait a while before shifting course. Given the current situation, this would mean waiting a while to raise interest rates and then rapidly raising rates when the time comes..." http://equitablegrowth.org/news/uncertain-nature-natural-rate-interest
Carola Binder: Federal Reserve Communication with Congress http://carolabinder.blogspot.com/2015/03/federal-reserve-communication-with.html
Ross Douthat: The Dilemmas of King v. Burwell http://douthat.blogs.nytimes.com/2015/03/05/the-dilemmas-of-king-v-burwell <--
I can only classify this as yet another example of low-functioning sociopathology: Douthat's position is: "Congressional Republicans misbehave, so let's punish the red states' working poor and lower middle class!"
Ian Millhiser: "Carvin argued in 2012 that the tax credits are essential.... Scalia, Kennedy, Clarence Thomas and Samuel Alito embraced Carvin.... Kennedy, to his credit, appears to be willing to accept the implications of the opinion he signed in 2012.... Scalia and Alito, by contrast... said one thing in 2012 when it was useful to opponents of the Affordable Care Act, but they are now willing to claim... [otherwise]. Carvin... is an advocate.... Scalia and Alito do not have the same excuse." http://thinkprogress.org/justice/2015/03/05/3630173/lawyer-telling-supreme-court-gut-obamacare-explained-lose-2012
NOAA: Elusive El Niño arrives http://www.noaanews.noaa.gov/stories2015/20150305-noaa-advisory-elnino-arrives.html
Lunchtime Must-Read: Zachary Tracer: Hospital Stocks Surge After Justice Kennedy Criticizes Obamacare Challenge http://equitablegrowth.org/?p=9616
Michael Tomasky: "[Michael Schmidt's New York] Times piece... says that there were ‘new’ regulations that Clinton was supposed to abide by.... So if these new regulations went into effect after she left State, then what rule did she violate, exactly?.... The [New York] Times has some questions to answer to: Did you know that the new regs went into effect after Clinton left office? And if you didn’t, why not? And if you did, why did you leave that fact out of the story?..." http://www.thedailybeast.com/articles/2015/03/03/hillary-email-scandal-not-so-fast.html
Laura Tyson and Lenny Mendonca: "Historians [will] look back on... 'Obamacare' [as] encourag[ing] a wave of innovation that gradually tamed the spiraling costs of a dysfunctional system, even as millions of previously excluded Americans gained access to health insurance..." http://www.project-syndicate.org/commentary/america-health-care-reform-policy-innovation-by-laura-tyson-and-lenny-mendonca-2014-12
Evening Must-Read: Martin Wolf: Riches and Perils of the Fossil-Fuel Age http://equitablegrowth.org/?p=9605
Afternoon Must-Read: Douglas A. Irwin: Tariff Incidence: Evidence from U.S. Sugar Duties, 1890-1930 http://equitablegrowth.org/?p=9601
Afternoon Must-Read: Heather Boushey: Taxes and Fairness in an Era of High Inequality http://equitablegrowth.org/research/taxation-fairness-era-high-inequality
Blake Hounshell: "Some A+ whataboutism here" https://twitter.com/blakehounshell/status/572575250170437633 https://t.co/XLTB8dG1me http://t.co/ysoKaQmruQ
Whet Mozer: On Trevon Logan: Chicago: Highly Segregated By Any Measure http://www.chicagomag.com/city-life/March-2015/Chicago-Highly-Segregated-By-Any-Measure
Nick Bunker: "The U.S. tax code is now the main vehicle for social policy in retirement, college savings, and housing. How well has this ‘submerged state’ worked? At least in these three areas, the effectiveness of the tax code, via deductions and credits, is questionable..." http://equitablegrowth.org/news/unfulfilled-promise-tax-credits-economic-policy
Susan Jacoby: The First Victims of the First Crusade http://mobile.nytimes.com/2015/02/15/opinion/sunday/the-first-victims-of-the-first-crusade.html
Tadich Grill: Hangtown Fry http://www.saveur.com/article/Recipes/Hangtown-Oyster-Bacon-Omelette
South Coast Portuguese Fish Chowder Recipe http://www.foodnetwork.com/recipes/south-coast-portuguese-fish-chowder-recipe.html
"When 2,000 People Take a Daily Aspirin for Two Years: 1 Heart Attack is Prevented..." http://www.nytimes.com/2015/01/27/upshot/can-this-treatment-help-me-theres-a-statistic-for-that.html
@delong: "@juliacarriew that is some grade A+ whataboutism from Professor Segal…" https://twitter.com/delong/status/572847080282165248
Evening Must-Read: Nick Bunker: The Steep Path Forward for Unionization http://equitablegrowth.org/news/steep-path-forward-unionization
Paul Krugman (2008): Stages of the Bubble http://krugman.blogs.nytimes.com/2008/12/30/stages-of-the-bubble
Evening Must-Read: Frances Coppola: The Failure of Macroeconomics http://equitablegrowth.org/?p=9574
Evening Must-Read: Richard Reeves: Wealth, Inequality, and the ‘Me? I’m Not Rich!’ Problem http://equitablegrowth.org/?p=9565
Evening Must-Read: Tim Duy: Game On http://equitablegrowth.org/?p=9563
Tony Yates: One Wrong Sentance After Another https://longandvariable.wordpress.com/2015/02/28/one-wrong-sentance-after-another
Nighttime Must-Read: Paul Krugman: The Strange Urge to Raise Rates http://equitablegrowth.org/?p=9550
Matthew Yglesias: "A $300 million mandatory appropriation for a new Local Housing Policy Grants program... to create a more elastic and diverse housing supply... establish a learning network that would provide ongoing capacity building to the organizations and entities to facilitate shared learning opportunities and disseminate best practices.... [NIMBYism] is... officially On The Radar Of People Who Matter..." http://tinyletter.com/mattyglesias/letters/there-s-something-really-exciting-hidden-in-obama-s-budget-request
@alexisgoldstein, @dsquareddigest, @DuncanWeldon, @felixsalmon, @jamesykwak, @Mark__Buchanan, @retheauditors, and @WhelanKarl: Bull Market: A collection of finance and business writing https://medium.com/bull-market
Mark Blyth: Ending the Creditor’s Paradise: What would you tell six hundred leading German social democrats about their party’s handling of the Eurocrisis? https://www.jacobinmag.com/2015/02/germany-austerity-blyth-speech-spd
Richard Mayhew: Thoughts on a Post-King Health Insurance Market http://www.balloon-juice.com/2015/02/10/thoughts-on-a-post-king-market
Abi Sutherland: "I’m still quietly reeling from Leonard Nimoy’s death on Friday.... One of the trellises on which I grew my character is gone, really gone.... my leaders and teachers are washing away before my eyes..." http://nielsenhayden.com/makinglight/archives/016158.html
Shuan Sim: The 7 Best Star Trek Episodes Featuring Leonard Nimoy http://www.rawstory.com/rs/2015/02/the-7-best-star-trek-episodes-featuring-leonard-nimoy
Jonathan Chait: GOP Economist Larry Kudlow: Bush Tax Cuts Worked Brilliantly http://nymag.com/daily/intelligencer/2015/02/gop-economist-bush-tax-cuts-worked-brilliantly.html
Scott Lemieux: Whatever the Problem Is, Jim Webb Is Not the Solution http://www.lawyersgunsmoneyblog.com/2015/02/whatever-problem-jim-webb-not-solution
Surge Guriev: "The killers must have assumed that police would not try to pursue them.... Common murderers they would likely have chosen another venue.... Mr Nemtsov’s killers have burnt the regime’s last bridges with its liberal opponents. It would be appropriate, when a new regime arrives, for the site of his murder to be renamed the Nemtsov Bridge." http://www.ft.com/intl/cms/s/0/cdfab7d0-c008-11e4-9708-00144feab7de.html?ftcamp=published_links/rss/comment/feed//product&siteedition=intl#axzz3T34v2vOD
Afternoon Must-Read: Giles Wilkes: Radical Rage at the Resilience of the Right http://equitablegrowth.org/?p=9541 <--Since 1970, one of the major themes has been the inability of left-of-center politics to produce a strong-enough book to support a further advance of social democracy. Not that right-of-center politics has delivered better outcomes, mind you...
Morning Must-Read: Mary S. Morgan: Modelling as a Method of Enquiry http://equitablegrowth.org/?p=9538 <--I am of the school who holds that if Malthus could have built economic models, he would have done so...