A Baker's Dozen of Things Most Worth Reading from the Past Two and a Half Weeks:
- One of the gems of the internet is Daniel Davies, now a retired country gentleman of leisure. Read him! http://tinyurl.com/ohhbhnt. Plus: http://tinyurl.com/pupf236
- You should be reading Jonathan Chait: America's Best, Most Substantive, and Most Accurate Center-Left Polemicist: http://tinyurl.com/k34h63l
- You should be reading Sam Wang: he is providing more information about the race for senate control in a smaller space than others trying to do the modeling thing: http://tinyurl.com/ml895zn
- You should read the pick-up internet symposium "Why the Love of Hard Money?" that sprang into being this week: http://tinyurl.com/km9zmno. And you should read my reflections five years ago--five years ago!--on Justin Fox's erroneous confidence that the good guys had the hard-money guys who hadn't done their homework on the run: http://tinyurl.com/oks6uhd
- If you live in the United States, you should start getting ready to see the solar eclipse of August 21, 2017: http://tinyurl.com/qecsr7o
- Clinging tight to Naive Keynesianism is the only way to have a chance of understanding the macroeconomy these days: http://tinyurl.com/pev5g3c
- The principal obstacle to American prosperity springing from the blue states: rampant NIMBYism: http://tinyurl.com/lj4s6n5 | http://tinyurl.com/o54gc49
- Among all the nations of the North Atlantic, Americans are uniquely deluded about the state of inequality in their country: http://tinyurl.com/mp6b352. I do know that one of the most important features of American exceptionalism is that Americans by and large regard themselves not as working people oppressed by The Man, but as temporarily embarrassed millionaires. But this is absurd.
- It's no longer
The Financial Crisisor The Great Recession. It's now the Lesser Depression. And in five years it will no longer be The Lesser Depressionbut instead we will call it: The Greater Depression: http://tinyurl.com/lazmtfn | http://tinyurl.com/md6sw6v
- From 1914: The War on Belgium: http://tinyurl.com/k7yswhy | http://tinyurl.com/lqfbg7a | http://tinyurl.com/l9mrvhb. The remarkable speed with which the Kaiser's Germans in 1914 began the wholesale massacre of Belgians is the most powerful piece of evidence that German culture needed to experience the fire and death of 1914-1918 and 1942-1945 in order to even begin creating the possibility of a German national state that would be a good neighbor.
- Part of the more than two-century struggle of Artemas Ward and his descendants to try to get the American people to recognize that John Adams may not have been so clever after all when he decided to try to rope Virginia into the revolutionary cause by superseding Artemas Ward and his Massachusetts officers who had built the American army with a Virginia worthy whose military record in the Seven Years' War had been, to put it very, very politely, most undistinguished: http://tinyurl.com/mngoh3y | http://tinyurl.com/ofovszu
- Haruspicy, or perhaps plastromancy, as to why long-term interest rates have not yet begun to "normalize" to whatever the new normal is going to be: http://tinyurl.com/n8ktz7y
- Agent-based models are the future of good economic theory, and will always be such--until we enter the New Jerusalem where we have the computer power to run real simulations and the brain power to understand how to thick about the emergent properties such real simulations produce. Maranatha! Rajiv Sethi is very worthy reading: http://tinyurl.com/k3klbo7