Links:
Ishmael: The Time I Spent On A Commercial Whaling Ship Totally Changed My Perspective On The World
Elias Isquith: Bruce Bartlett: “Utter Insanity and Stupidity”
Must-Read: Ta-Nehisi Coates: President Obama on Color-Blind Policy and Color-Conscious Morality
Must-Read: Larry Elliott: Thomas Piketty to Investigate Inequality in New Role at LSE
Ezra Klein: Why Adam Posen Thinks Obama’s TPP Is Worth Passing
Tweets:
If the Republican presidential primary field were to be played upon the stage, I would condemn it as an implausible fiction... https://www.facebook.com/photo.php?fbid=10204296627961406&set=a.3829230134825.2134829.1399981420&type=1
.@Noahpinion would you rather have #FamaFinance that claims that "bubble" is an incoherent and senseless concept?
@nick_bunker: @delong I prefer the term #thinkfluencer
@tbogg: Dumb columnist surprised to find some Republicans think the Iraq war was a total clusterf*ck http://www.rawstory.com/2015/05/conservative-columnist-surprised-to-find-some-republicans-think-the-iraq-war-was-a-total-clusterfck/#.VVTKRHr3IDw.twitter … Mistakes were made
.@Annaleen who gives the awards for award winning snacks? cc: @shaneferro
@FreeRangeLawyer: "Now we know what a full-throated defense of civil forfeiture sounds like. And that defense is unconvincing." http://blogs.rollcall.com/beltway-insiders/civil-forfeiture-finds-a-champion-commentary/
@freddiedeboer: The lead poisoning theory of social problems isn't an alternative to social inequality theories; it's a part of them. http://www.washingtonpost.com/local/freddie-grays-life-a-study-in-the-sad-effects-of-lead-paint-on-poor-blacks/2015/04/29/0be898e6-eea8-11e4-8abc-d6aa3bad79dd_story.html
@samuelpepys: Finding my brother in a lie about the lining of my new morning gown, saying that it was the same with the outside, I was very very angry.
.@ErikLoomis now, for your next trick, can you please get Maverick added to Netflix Streaming? Thank you…
@scottekaufman: Majority of likely GOP primary voters believe Operation Jade Helm 15 is prob. a federal invasion of Texas http://www.salon.com/2015/05/14/majority_of_likely_gop_primary_voters_believe_operation_jade_helm_15_is_a_federal_invasion_of_texas/
@Econ_Marshall: @delong yes, at that hour I finally took a break from programming up my multiple equilibria macro model.
@kjhealy: The real test of the power of a new theory or method is how much of the nominal "existing literature" it enables you to simply ignore.
.@kjhealy RU quoting from Harry Johnson (1971), “The Keynesian Revolution and the Monetarist Counterrevolution”?
@Econ_Marshall: .@delong referees the single vs. multiple macro equilibrium debate, IMO correctly. http://www.bradford-delong.com/2015/05/highlighted-choose-your-heterodoxy.html …
@HeerJeet: @ryangrim Wait a minute, giving tens of thousands of armed men a reason to hate you wasn't a good idea? Isn't that hindsight?
@ryangrim: Ivy is right: had Bush not fired tens of thousands of Iraqi troops and commanders, ISIS would likely not exist http://www.nytimes.com/politics/first-draft/2015/05/13/college-student-to-jeb-bush-your-brother-created-isis/ …
.@davidfrum that GHWB policy of dual containment of Iran & Iraq amoral, but best we could do, & we broke it 2 everyone’s sorrow save Iran’s?
@CitizenCohn: Turns out nobody discredits Sy Hersh more effectively than Sy Hersh -- MT interview w @IChotiner http://www.slate.com/articles/news_and_politics/foreigners/2015/05/seymour_hersh_interview_on_his_bin_laden_story_the_new_yorker_journalism.single.html
@ctcabin: .@fairvote Bob Dole being honored tonight @LCCR dinner "if you live in this country you ought to be able to vote"
@JimPethokoukis: Why there may be plenty of slack left in the US labor market http://www.aei.org/publication/why-there-may-be-plenty-of-slack-left-in-the-us-labor-market/ …
If Republican Noise Machine Twitter were to be played upon the stage, I would condemn it as an implausible fiction…
@hiltzikm: The dismal toll of anti-Obamacare fanaticism: Two horrifying vignettes http://fw.to/8gBkIjl
.@brad_edmondson as you know, @mfcannon is pretending not to understand Sibellius. @GaryLegum @commiegirl1
.@AdamPlatt1999 Clintons were always both innovation and inequality. Back in 1993: invest in high tech, make work pay
.@JimPethokoukis don’t U mean that she is being more-quoted by the press saying one than saying the other? @John_Soriano_
@BruceBartlett: Not from The Onion--76% of Rick Perry supporters think the US government is trying to take over state of Texas. http://ow.ly/MUwrs
@UOJim: Blown away by this @CoreyRobin essay on Hannah Arendt: http://www.thenation.com/article/207217/trials-hannah-arendt
.@commiegirl1 so @mfcannon says key flaw in ACA is that it allows people to listen to @mfcannon and do what he recommends? cc: @hiltzikm
Links:
Hope Jahren: "Heaven knows that the internet hasn’t been stingy in its supply of discussion as to the legitimacy of the trigger warning. Everybody and his brother have an opinion about it, ranging from the New Republic to the NYT to the AAUP, each of whom have graced us with their cyber-statements. I wrote this because no where within this raging verbstorm can I find a convincing description of triggering, which (for me) is a physiological phenomenon. And I think it matters..."
Peter Daou: Looks like Amanda Terkel and Sam Stein of Huffington Post just decimated the argument that Hillary Clinton isn't progressive enough..."
Dani Rodrik and Sharun Mukand: "Perhaps liberal democracy has little to do with the balance of power among social groups and their strategic motivations. Maybe it requires instead, the development over time of a culture of tolerance and civil liberties. Or maybe both are needed to sustain institutions that uphold property, political, and civil rights in the long term..."
Tweets:
.@Grizzly_Stats @DeanBaker13 Thrasymakhos said justice was whatever the stronger said. He didn’t say truth was whatever the stronger said…
Links:
Kimberly Ann Elliott: "Bangladesh and Cambodia... are paying the full freight... 15 percent and up average tariffs.... If Vietnam were to get substantial new access to the US market, I think that could have potentially serious trade diversion implications..."
Greg Ip: Bond Market Plunge Shows How Stability Can Breed Instability
David Wessel: "Shelby['s]... avoids nearly all the tough issues of legitimacy... seven-member commission is [not to]... touch questions raised by the archaic ownership structure of the Fed or... having nominally private companies making public-policy decisions... ignoring the bizarre and outdated governance of the system is a missed opportunity..."
Freddie de Boer: "As a political movement we are in pathetic shape.... We not only have no capacity to move people who don’t already share our worldview, we seem to have no interest in doing so. Our stock arguments are lazy stacks of cliches.... Being clever doesn’t fix the world. Scoring points on Twitter doesn’t create justice..."
Must-Read: Marshall Steinbaum: What explains rising wealth inequality?
Must-Read: Andrew Jalil and Gisela Rua: Inflation Expectations and Recovery from the Depression in 1933
Must-Read: Lawrence Summers (2011): A Conversation on New Economic Thinking
Must-Must-Read: Matthew Yglesias: "Brookings did a symposium
Jason Kander for Missouri
Evan Soltas: Student Loans and the Next Crisis
Emily Badger: President Obama on How Fox News Teaches the Middle Class to Demonize the Poor
Akhil Reed Amar: "The most important limit, the one we fought the Revolutionary War for, is that the people doing this to you are the people you elect...."
Ashoka Mody: "The Greek government's mounting financial woes are leading it to contemplate the previously unthinkable: defaulting on a loan from the International Monetary Fund. Instead of demanding repayment and further austerity, the IMF should recognize its responsibility for the country's predicament and forgive much of the debt..."
Mailinator
Alex Harrowell: "It might, however, be what you’d expect in a market that is still pretty close to a high-unemployment equilibrium, but one that expresses the insufficiency of effective demand via underemployment rather than unemployment. If we were, that would explain why it is so difficult to reduce the deficit and why wages are so poor, and also why productivity is so poo..."
Must-Read: Medicins san Frontiers: The Trans-Pacific Partnership: A Threat To Global Health?
Lydia Di Pillis: Nail salon workers aren’t the only ones who need protection from abusive workplaces - The Washington Post
Paul Krugman (1999): "It's possible to summarize what [Tom] Friedman has to say fairly quickly... it's what you read in just about every ... Business Week. Information technology... has made the world a small place... richly rewards countries and societies that meet its needs... strong property rights, open minds, and a flexible attitude.... This story is told via hundreds of anecdotes, most of them involving the author.... [Friedman's] clear implication of his various parables and metaphors is that Japan is in trouble because it is hidebound and inefficient.... Yet, as Friedman himself points out, Japan's export sector remains world-class.... The immediate problem is not inadequate supply but inadequate demand. Put in a nutshell, the Japanese simply save too much; that is, although Friedman's only reference to Keynes is a disparaging one... Japan is in fact suffering the most classically Keynesian crisis since the 1930s. And the United States.... If the role-reversal between the United States and Japan has more to do with old-fashioned macro-economics than with the inexorable new logic of globalization, maybe the rules of the game haven't changed as much as Friedman thinks--and maybe, also, America's winning streak is not forever. Did somebody say 'bubble economy'?"
Must-Read: Ashok Rao: How Do Net International Positions Matter?
Must-Read: Dan Walters: Finally, war on Prop. 13 breaks out
Tweets:
Are the tracking forecasts of US GDP growth in the first half of 2015 really all between 0.3%/yr and 0.8%/yr?
Face it: a parliamentary first-past-the-post system with national slates is just weird. https://t.co/pFh1XV5lrp http://t.co/HwBdB975lY
@8Sarmad: @delong It seems like they went to Labour & Greens and Labour leaked voters to UKIP
@RhysHobbs2: @8Sarmad @delong they went half Labour half Con, labour lost votes to SNP and UKIP
.@RhysHobbs2 @8Sarmad But CON only went up from 37% to 38%. Where did CON leak votes to if they got 8% inflow from LDP?
Links:
Melissa Kearney et al.: Six Economic Facts About Transportation Infrastructure in the United States
Must-Read: Joshua Brown: The Magnificent Five: Some Ridiculously Kind Words from Tren Griffin
Must-Read: Jesse Cross-Call: Medicaid Expansion Is Producing Large Gains in Health Coverage and Saving States Money
Martin Wolf (2011): Managing the Eurozone’s Fragility
Paul Krugman (2011): The Pain in Spain
Jonathan Portes (2011): Macroeconomics: what is it good for?
Tweets:
Yes, there is something very wrong with an @anneapplebaum who has to be prodded to remember that ,while Stalin and Molotov were key starters of WWII, the USSR was essential to ending it https://twitter.com/anneapplebaum/status/596993323702845440. Prime Minister Winston Churchill (May 8, 1945): "To-day, perhaps, we shall think mostly of ourselves. To-morrow we shall pay a particular tribute to our Russian comrades, whose prowess in the field has been one of the grand contributions to the general victory." King-Emperor George VI (May 17, 1945): "We rejoice to acknowledge, and we shall never forget, the aid so freely and promptly given by the United States, and the brotherhood of our Armed Forces serving together in various theatres under combined commands. The splendid victories of the Soviet Union, and the courage of all those other Allies who suffered and fought with us in our common struggle against aggression, will ever be recorded in our hearts and in our history..." Was King-Emperior George VI lying when he said we would never forget? Is it not still the tomorrow that Prime Minister Winston Churchill said was reserved for us to pay particular tribute to our Russian comrades?
bill_easterly: @R_Thaler says we are too dumb to fix our own mistakes but smart enough to fix everyone else's http://nyti.ms/1FXl2pc
@R_Thaler: So tired of this claim. We say just the opposite often. You don't find the "look right" signs in London helpful? To be clear. Behavioral econ is about knowing human limitations and trying to help. We don't say people are dumb, just human. GPS anyone?
.@R_Thaler I guess that @bill_easterly has not read the literature and so allow the rest of us to fix his mistake...
Links:
German Lopez: Journalists should worry about the people policy hurts, not the politicians it helps
Must-Read: Philip Bump: Mark Halperin’s cringey Ted Cruz interview is all part of the Halperin Primary
FRB Atlanta: "The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 0.8 percent on May 5, unchanged from May 1..."
Melissa Kearney et al.: Six Economic Facts About Transportation Infrastructure in the United States
Roman Frydman (1982): Towards an Understanding of Market Processes: Individual Expectations, Learning, and Convergence to Rational Expectations Equilibrium
Bruce Bartlett: How Fox News Changed American Media and Political Dynamics
Must-Read: Jason Furman: Smart Social Programs
Must-Read: David Frum: British Election: What Republicans Can Learn From David Cameron
Must-Read: Brian Watt: More Momentum Behind L.A. Minimum Wage Hike
Aaron Carroll: More Consensus on Coffee’s Benefits Than You Might Think - NYTimes.com
Mike Orcutt: "Bitcoin’s real promise... is... the underlying technology.... The blockchain will be valuable for many other things besides tracking payments..."
Charlie Stross: UK 2015 Election Aftermath http://www.antipope.org/charlie/blog-static/2015/05/aftermath.html
Must-Read: Elizabeth Stoker Bruenig: David Brooks Endorses Nepotism http://equitablegrowth.org/?p=11281
Tweets:
@mikeloukides: Yes. Blockchain & ledger: Bitcoin a distraction The Most Valuable Aspect of Bitcoin: Its Versatile Ledger Technology http://www.technologyreview.com/news/537246/why-bitcoin-could-be-much-more-than-a-currency/
@dsquareddigest: @mikeloukides @delong not even the blockchain. Shared ledger protocols are what's important. No real reason why it should be distributed
.@dsquareddigest Was it Izabella Kaminska who said “distributed” is a way of getting others to pay your IT processing costs?
@dsquareddigest: @delong @mikeloukides IMlimitedU, it's more about a pervasive worry by IT guys that someone might lose all their records & accounts
@dsquareddigest: @delong @mikeloukides the best way to think about it in my view is by analogy with MIDI; huge win if everyone can agree on a standard
Very true! —>RT “@pdjeliclark: Don't forget: Soviet Union saved world from Hitler http://t.co/0MV9tOALBJ” & lend-lease saved SU from Hitler
@HuhWellwhatever: @delong @pdjeliclark Is it obvious that the Soviet Union was better than Hitler? Or fighting each other to a mutually weakening draw?
YES! —> RT @HuhWellwhatever: “@delong @pdjeliclark Is it obvious that the Soviet Union was better than Hitler?”
.@HuhWellwhatever Hitler wanted to exterminate population of Eastern Europe, fill land from the Oder to the Volga with Germans. Stalin did not want to exterminate population of Western Europe cc: @pdjeliclark
@pdjeliclark: @delong how many folk throwin in their analysis on WWII & the Eastern front for next few hrs u think will bother to read the article?
.@pdjeliclark 0.1%? The North Atlantic still owes an immense and largely unacknowledged debt to the tankers of the Red Army, the workers of Magnitogorsk who built their machines, and the peasants of the steppe who starved to feed the tankers...
@flocktard: @delong @phoneranger @pdjeliclark Then there's that nasty Molotov-Von Ribbentrop Pact.
Which has what to do with what we owe the tankers of Rotmistrov's 5th Guards Tank Army? https://t.co/3goc2MiTsk
.@ThusBloggedA @pdjeliclark “‘"Did not want to massacre billions’ is weak praise admittedly.” the bar for 20thC warlords is very low…
@ChaseGu: the heavy lifting. Stalin was stupid enough to sign bad deal w/ Hitler...
.@ChaseGu Kasserine Pass, Salerno, 6/44 Nmdy all near-run. US committed as many as soon as could wo/ big risk of losing army
@pmarca: "Unemployment is still high, just look at labor force participation rate!" "In a healthy economy, both parents shouldn't have to work!"
.@pmarca Meaning we should be happy if falling participation rate driven by rising wages making families able to afford more leisure and unhappy if falling participation rate driven by difficulties in finding jobs. Which it is.
@PrinceJvstin why is the superpower “able to ruin SF” so widely distributed? There’s a story there…
Fixed!—> @amylaitinen1: @kjhealy @delong @ryanavent Retract, renounce, and repent, blasphemer!
@ebruenig: Another day, another Chopped episode, another person with a chronic illness who needs 10k bux to pay for their medical bills #America
.@ebruenig But… ObamaCare…
@Rex_Oper: @delong @ebruenig Cochrane has a point when he sees ObamaCare as demand priming with no concomitant supply side reform.
.@Rex_Oper @ebruenig Market economists say: “if you demand it, it will come”—entrepreneurs place themselves between & match resources to demand. To complain about sending the right price signals is a very, very weird thing for an economist to do. I would call it intellectual malpractice. Consider how fast the ATT monopoly was disrupted...
.@TomRedburn (1/2) It was 1 of Ur senior colleagues who said: “The prob is I learn more from Ezra Klein’s col than our national news staff”
.@TomRedburn (2/2) NYT grossly inferior as trusted information intermediary 2 FT. Public triumphalism—WE’RE THE BEST!!—serves you very badly
.@TomRedburn as I say, if NYT doesn’t put accuracy and fair presentation first, it will die. & it doesn’t. http://www.bradford-delong.com/2015/05/the-problems-with-our-press-corps-run-deep-eugene-stern-explains-that-nick-kristof-of-the-new-york-times-is-not-smarter-than.html
.@TomRedburn 10 years from now will U say: “Kristof IS a bad memory. But he is long gone”? http://t.co/mViD8oO3Bp http://t.co/9dT0INjNpD
Fixed!—> @kjhealy: @ryanavent In an era of OCF, it's nice to find examples, where the use of commas increases the chance of misreading.
@davidfrum: Many Republicans mistrusted Mitt Romney's frequent policy shifts, but leading Ds are delighting in Hillary's http://t.co/TcNk2DQc2A
.@davidfrum: If only Romney hadn’t abandoned RomneyCare, he could be taking a huge victory lap now, no? Difference is that Romney abandoned policies that looked like they worked, while HRC abandons those that looked like they did not. Big difference.
.@davidfrum: Similarly with Bernanke: South Carolina Republican successfully manages the US economy an order of magnitude better than elsewhere in the north Atlantic. But congressmen and governors accuse him of treason, of working for Obama and not the country, threaten to lynch him, and read him out of the party. Any Republicans who backed Bernanke could be taking a huge victory lap now. But none did and none are.* @RichardKeppler1 @portraitinflesh @davidfrum May I say Romney was right? All money that flows into a corp winds up in some person’s hands
@Reuters: Dogs, guns and weddings help U.S. investors take economy's pulse. Read more:
How RU so alert this early in the morning? RT @dandrezner: But shotgun weddings for dogs are the uber-indicator. https://t.co/iR5P6ofmXC
Links:
Simon Wren-Lewis: "The IMF... may be full of economists, but it is ultimately run by politicians who may have too many ties to those in the Eurozone. But as Ashoka Mody says, the IMF’s credibility is at stake. It should... focus its efforts on getting the rest of the Troika to be realistic. Above all else, Greece must be helped out of its depression.... Sensible macroeconomists, including those at the IMF, know that makes sense. If Yanis Varoufakis could not achieve this, perhaps the economists at the IMF can do better..." http://mainlymacro.blogspot.com/2015/05/the-imf-greece-and-economic-reality.html
Morning Must-Read: Chris Blattman: The Wire Got It Backwards http://equitablegrowth.org/?p=11265
Ratna Sahay et al.: How Much Finance Is Too Much: Stability, Growth & Emerging Markets http://blog-imfdirect.imf.org/2015/05/04/how-much-finance-is-too-much-stability-growth-emerging-markets/
Must-Read: Mark Thoma: Here’s an Economic Agenda for Hillary Clinton http://equitablegrowth.org/?p=11269
Robert Waldmann: Modern Macroeconomic Methodology http://rjwaldmann.blogspot.com/2012/03/modern-macroeconomic-methodology-modern.html
Jessica Fulton: The importance of addressing the U.S. racial and ethnic wealth gap http://equitablegrowth.org/news/importance-addressing-u-s-racial-ethnic-wealth-gap/
Emily Badger: "At the top were places--Dupage County in suburban Chicago; Fairfax County, Va.--that dramatically improve a poor child's odds of moving up the economic ladder. At the bottom were the places that have the opposite effect, counties that exert a kind of negative pull on children, where every year of childhood whittles away at a poor kid's odds of thriving as an adult in a way that can be measured by his potential earnings in adulthood. Ranked last on this list: Baltimore City. 'Baltimore is at the bottom,' Hendren says. 'But it’s really at the bottom for boys.'" http://www.washingtonpost.com/blogs/wonkblog/wp/2015/05/06/how-baltimore-and-cities-like-it-hold-back-poor-black-children-as-they-grow-up/
Jérémie Cohen-Setton: The American poverty traps: what are the factors influencing upward mobility in the US? http://www.bruegel.org/nc/blog/detail/article/1619-the-american-poverty-traps
Herman K. Trabish: Under pressure from Koch-funded groups, Kansas axes renewables mandate http://www.utilitydive.com/news/under-pressure-from-koch-funded-groups-kansas-axes-renewables-mandate/394648/
Lunchtime Must Read: Robert Lucas Rejects the "Microfoundational" Project http://delong.typepad.com/sdj/2015/01/lunchtime-must-read-robert-lucas-rejects-the-microfoundational-project.html
Must-Read: David Glasner: John Taylor's Cluelessness about Strategy, Tactics and Discretion http://equitablegrowth.org/?p=11250
Sappho: The Flames of the Tigers are lighting the Road to Berlin http://notfrisco2.com/leones/?p=8182
Ben Thompson: "Books were a commodity... [and] exceptionally high-priced. The list price of a new book contained a 50 percent markup for the retailer.... Bezos--who a few years later would coin the famous phrase, ‘Your margin is my opportunity’--could sell books at a significant discount while still making money on each transaction.... Moreover, the nature of Amazon’s business... resulted in a negative cash conversion cycle that freed up much more cash for investment than would otherwise be warranted by Amazon’s margins, an effect that was greatly magnified by Amazon’s growth rate. This made books, over the long-run, a truly profitable business for Amazon..." https://stratechery.com/2015/the-aws-ipo/
Dylan Matthews: "But for all Ryan's rhetoric... he's also the author... budgets that would... inflict... massive human suffering on the nation's most vulnerable residents.... He's going to argue that taking trillions away from the poor is somehow actually good for them. It doesn't help that the first policy statement he makes is an out-and-out lie: 'After a 50-year war on poverty and trillions of dollars spent, we still have the same poverty rates'..." http://www.vox.com/2015/5/5/8548065/paul-ryan-poverty
Alexander Hertel-Fernandez: When Bosses Recruit Employees into Politics http://www.scholarsstrategynetwork.org/content/when-bosses-recruit-employees-politics-evidence-new-national-survey
Eduardo Porter: What the Debate on Inequality Is Missing http://equitablegrowth.org/?p=11242
Must-Read: Planet Money: The Fall And Rise Of U.S. Inequality http://www.npr.org/blogs/money/2015/02/11/384988128/the-fall-and-rise-of-u-s-inequality-in-2-graphs
Phryne http://en.wikipedia.org/wiki/Phryne
Kevin Drum: "My white blood count is now up to 2.4... my ANC level is up to 2000.... So if you're sick and you sneeze on me, you are no longer likely to kill me. You'll just give me a cold.... I have months of recuperation ahead, and complete success won't be confirmed until a follow-up biopsy in 60 days. And then I have a difficult decision about whether I should enter maintenance therapy..." http://www.motherjones.com/kevin-drum/2015/05/tales-city-hope-13-badass-blogger-edition
Must-Read: Josh Brown: Funds Aren’t Cutting Fees, Investors Are http://equitablegrowth.org/?p=11221
Must-Read: Martin Wolf: The British economy after the coalition http://equitablegrowth.org/?p=11223
Carola Binder: Firm Balance Sheets and Unemployment in the Great Recession http://carolabinder.blogspot.com/2015/05/firm-balance-sheets-and-unemployment-in.html
George Orwell (1943): Looking Back On The Spanish War http://www.telelib.com/authors/O/OrwellGeorge/essay/lookingback.html
George Orwell (1941): England Your England http://orwell.ru/library/essays/lion/english/e_eye
Paul Krugman: "The great sociologist William Julius Wilson argued long ago that widely-decried social changes... were actually caused by the disappearance of well-paying jobs in inner cities... [the] implicit prediction: if other racial groups were to face a similar loss of job opportunity, their behavior would change in similar ways.... There is no excuse for fatalism as we contemplate the evils of poverty in America. Shrugging your shoulders as you attribute it all to values is an act of malign neglect..."
Must-Read: Noah Smith: Americans Get Free Trade's Dark Side http://equitablegrowth.org/?p=11202
Must-Read: Erik Loomis: Ideology Creators of the New Gilded Age http://equitablegrowth.org/?p=11206
Joshua Holland: How an Astounding New Right-Wing Lie About the Economy Was Born http://www.alternet.org/economy/how-astounding-new-right-wing-lie-about-economy-born
Phil Edwards: Who invented the piano? And why was he forgotten? http://www.vox.com/2015/5/4/8539727/piano-invented-bartolomeo-cristofori
John Scalzi: I’d Rather Like Men Than Be a Sad Puppy http://whatever.scalzi.com/2015/05/04/id-rather-like-men-than-to-be-a-sad-puppy/
Learning to Drive http://www.learningtodrivemovie.com/mobile
Walter Johnson: The Economics of Ferguson: Emerson Electric, Municipal Fines, Discriminatory Policing http://www.theatlantic.com/politics/archive/2015/04/fergusons-fortune-500-company/390492
Josh Gans: One Week with the Apple Watch http://www.digitopoly.org/2015/05/03/one-week-with-the-apple-watch
Jason Sanford: When science fiction authors are no longer grounded in reality http://www.jasonsanford.com/blog/2015/4/when-science-fiction-authors-are-no-longer-grounded-in-reality
Noah Smith: Wonks Abandon an Economic Dream http://www.bloombergview.com/articles/2015-04-23/wonks-give-up-on-economic-model-to-explain-everything
Emily Mah: 14 Questions for S.M. Stirling http://www.blackgate.com/2011/10/04/14-questions-for-sm-stirling/
Scott Raun: "I recall hearing... that sometime after Ethan of Athos, Jim Baen told Lois she could write anything she wanted EXCEPT a sequel to 'San Francisco Planet'..." http://lists.herald.co.uk/old-archives/lois-bujold/990102-2109
Walter Jon Williams: "By the midpoint of the year, I was a staggering, raging wreck, filled with madness and raw cunning. I was a complete convert to the Law of the Jungle. Jim Baen had showed me that only ruthless sociopaths could expect to prosper in the world..." http://www.walterjonwilliams.net/2011/04/1983-the-writers-life
Joshua Holland (2012): How an Astounding New Right-Wing Lie About the Economy Was Born http://www.alternet.org/economy/how-astounding-new-right-wing-lie-about-economy-born
Peter Sullivan: "Pennsylvania Gov. Tom Wolf (D) on Friday outlined a contingency plan for his state in case the Supreme Court guts ObamaCare. Wolf’s plan calls for Pennsylvania to set up its own insurance marketplace if the court rules against the Obama administration in the case King v. Burwell. The case could revoke subsidies that help 7.5 million people afford healthcare coverage..." http://thehill.com/policy/healthcare/240797-pa-announces-back-up-plan-if-court-cripples-obamacare
Micah Sifry: Civicist http://civichall.org/civicist/
Jay Nixon (D-MO): "I don't think that coming after working people is how you build an economy" http://www.progressmissouri.org/content/nixon-i-dont-think-coming-after-working-people-how-you-build-economy
Molly Watt: "I was curious as Apple products have been more than just up market gadgets to me... my access to the many things... those of us with deafblindness particularly struggle with.... I am severely deaf and have only a very small tunnel of vision in my right eye.... I decided to order the Apple Watch Sport 42mm (the bigger face size) with white strap so I’d not lose it quite so easily.... The default settings I have on my iPhone are set to large text and I was pleased to be able to have this on my Apple Watch. I also use Zoom large text set to the largest. The new setting ‘Prominent Haptic’ is perhaps my favourite in accessibility... definitely awesome for me as a deafblind person. So far for me the most useful App on the Apple Watch is Maps--on my iPhone I can plan my journey from one destination to another, for me it will be on foot with Unis my guidedog. This is where Haptics really come into its own--I can be directed without hearing or sight, but by a series of taps via the watch.... I am now very happy to own an Apple Watch and look forward to making it work well for me." http://www.mollywatt.com/blog/entry/my-apple-watch-after-5-days
Catherine Rampell: Kansas shows us what could happen if Republicans win in 2016 http://www.washingtonpost.com/opinions/kansas-schools-have-to-do-less-with-less/2015/04/30/6cd6ca70-ef74-11e4-a55f-38924fca94f9_story.html
Alexis Goldstein: Elizabeth Warren is Not Impressed with Your Diamond-Encrusted Ring https://medium.com/bull-market/elizabeth-warren-is-not-impressed-with-your-diamond-encrusted-ring-2b590b2feed7
Today's Must-Must-Read: Steve Randy Waldman: There Is a Name for This http://equitablegrowth.org/?p=11183
Ernst Fehr and Simon Gächter: Altruistic punishment in humans http://www.nature.com/nature/journal/v415/n6868/abs/415137a.html
Must-Read: Nick Bunker: The role of consumption in economic inequality http://equitablegrowth.org/?p=11173
Must-Read: Adair Turner: Money, Banking and Financial Markets http://equitablegrowth.org/?p=11175
Gillian Tett: What Detroit can teach us all http://www.ft.com/intl/cms/s/0/16108af8-eea9-11e4-a5cd-00144feab7de.html?ftcamp=published_links/rss/comment/feed//product
Rich Yeselson: Is Cosmopolitan Communitarianism still Possible? Was it ever? http://crookedtimber.org/2015/04/30/is-cosmopolitan-communitarianism-still-possible-was-it-ever/
Must-Read: Paul Krugman: This Is Not A Trade Agreement http://equitablegrowth.org/?p=11171