- Afternoon Must-Read: Danny Vinik: Richard Fisher Has Wrongly Warned of Inflation 5 Times Since 2011 | Washington Center for Equitable Growth
- Is U.S. at Immediate Risk of Becoming "Argentina"?: Monday Smackdown/The Honest Broker for the Week of July 12, 2014 | Washington Center for Equitable Growth
- Monetarist, Keynesian, and Minskyite Depressions Once Again: Yes, Lloyd Metzler Was the Greatest Chicago Macroeconomist Ever: The Honest Broker for the Week of July 19, 2014 | Washington Center for Equitable Growth
- Morning Must-Read: Gabriel Chodorow-Reich: Financial Stability and Monetary Policy | Washington Center for Equitable Growth
- Morning Must-Read: Fabian Pfeffer et al.: Wealth Levels, Wealth Inequality, and the Great Recession | Washington Center for Equitable Growth
- Lunchtime Must-Read: Simon Wren-Lewis: Synthesis!? David Beckworth's Insurance Policy | Washington Center for Equitable Growth
- Nick Bunker: The retail sector and the future of American wages | Washington Center for Equitable Growth
Yuriy Gorodnichenko: MH17: "The separatists, or more appropriately terrorists, have by now killed hundreds of people in Slovyansk, Kramatorsk, Donetsk, Luhansk and many other cities in Eastern Ukraine. And their violence and brutality has only been escalating.... The separatists firmly believed that they had shot down another military airplane and quickly claimed credit for it in social media. However, slowly they realized that the airplane was a civilian one.... This would have never happened if Russia’s President Vladimir Putin did not give BUKs, tanks, guns and other arms to the terrorists.... This would also never have happened if the international community had not been so complacent about Putin’s aggression against Ukraine.... The time has come for the international community to show leadership and put together a united front to stop this evil. It could not be any more black and white than it is now."
David Atkins: The four basic American reactions to record inequality: "Those on the progressive left understand that at some level the takings of the top 4% constitute a theft from the other 96% who have lost over a third of their net worth.... Those in the neoliberal/center-left camp do believe that modern inequality is a problem, but that this too shall pass and we can trudge along as usual after a recovery.... Then you have the center-right. They take rational market theory as an article of faith, believing with religious fervor that if the labor and capital markets are allowed to act unimpeded, then both labor and capital will find a comfortable, fair and balanced price. No amount of evidence can convince them that both human life and dignity are priced incredibly cheap on the open market, or that that late 19th century was not, in fact, the model of a moral or economically functional society.... Finally, there is the far right. These are the True Believers: the ones who not only buy into the center-right line, but also the raw Objectivism of Ayn Rand and Fox News that says that the only economic injustice in society is the one being perpetrated by the government itself, taking money from the 'deserving' and giving it to the 'undeserving'. In this view, the only inequality that matters to them is redistributive taxation to “others” in society..."
Danny Vinik: Richard Fisher Has Wrongly Warned of Inflation 5 Times Since 2011: "This isn't the first time Fisher has been at odds with his colleagues. When the Fed undertook 'Operation Twist' in 2011, Fisher was one of three members of the Federal Open Market Committee... to dissent. He's... been the committee’s staunchest inflation hawk... Monday’s... was just the latest of many warnings.... April 8, 2011: 'Having done our job, I see many risks to the Federal Reserve overstaying its position...' September 27, 2011: 'I might conclude by sharing my concerns about the prospect of temporarily allowing more inflation as a means of unlocking expansion in final demand.... [O]nce unleashed, inflation combines with stagnation to make stagflation...' April 10, 2012: 'I’m just reporting what I hear on the street, which is a real concern that with our expanded balance sheet, we are just a little bit in an ember of what could become an inflationary fire.' September 20, 2012: 'I do not see an overall argument for letting inflation rise to levels where we might scare the market...' 5. June 4, 2013: 'I argue that the Fed is, at best, pushing on a string and, at worst, building up kindling for speculation and eventually, a massive shipboard fire of inflation.' So take Fisher's predictions with a grain of salt. More than anyone else on the FOMC, he has been wrong about the economic implications of Fed policy...
- Brad DeLong (2006): Is Macroeconomics Hard? (Brad DeLong's Grasping Reality...)
- Brad DeLong (2012): Readings for: Why Have We Changed Our Minds on Fiscal Policy?
- Julia Belluz: The business model for antibiotics is broken. Here are three alternatives you didn't know about
- 'Galaxy Quest': The Oral History
- Jared Bernstein: Don’t kid yourself: North Carolina likely hurt people when it cut unemployment benefits
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