Some Fairly-Recent Must- and Should-Reads...

This is, I think, both right and wrong. China has an... interesting property-rights system���your property is secure not through title deeds and such but through networks that link you to party and government officials. It's hard to argue that it does not work. It is easy to argue that it shouldn't work. But it does work, and this does, I think, have something to do with China's stabilization policy success. China has Keynesian demand management���and is willing to use it. China has interest rate tools, but they are in general effective at boosting only exports and construction. And China has effective financial repression, with which it appears to do a lot to manage banking and investment and thus the flow of aggregate demand. I have not seen a good analysis of how China's credit-based stabilization policy really works. I would like to see one. But fiscal policy and monetary policy ought���away from the zero lower bound at least, be powerful enough tools to do the job, and in all likelihood better tools to do the job: Noah Smith: China Invents a Different Way to Run an Economy: "The nation has avoided a recession for a quarter-century. Few countries��can make the same claim...


Comment of the Day: Graydon: Josh Marshall: We Know Trump Is Guilty. We���re Having a Hard Time Admitting It: "The problem isn't Trump's manifest guilt; the problem is that, in a two party system, the majority-of-power party is guilty...


Comment of the Day: Tracy Lightcap: Jacob Levy: I don���t think there���s anything���anything���on which I���ve gotten so much disbelief-that-becomes-near-anger as when I contradict the post-2014 Fox narrative about campus life...: "This is it, but I think the process is a bit more complicated. People who have made up their minds on a topic and committed themselves to it are still susceptible to arguments that work through repetition to undermine authority figures...


Comment of the Day: Kaleberg: Noah Smith: China Invents a Different Way to Run an Economy: "Maybe communism just needed better central planners. Chinese policy has been heavily influenced by the teachings of Qian Xuesen...


On Removing My Tweed Jacket at the Start of Lecture...


Rob Beschizza: President Trump colors U.S. flag wrongly in classroom photo opg: "Maybe Trump should kneel before it a while, so he at least knows what it looks like. I've created a useful graphic of the Trumpamerica Flag...





Some Fairly-Recent Links:




Matthew Yglesias: Elizabeth Warren���s Accountable Capitalism Act, explained : "As much as Warren���s proposal is about ending inequality, it���s also about saving capitalism.... The conceit tying together Warren���s ideas is that if corporations are going to have the legal rights of persons, they should be expected to act like decent citizens who uphold their fair share of the social contract and not act like sociopaths.... Require any corporation with revenue over $1 billion... to obtain a federal charter of corporate citizenship. The charter tells company directors to consider the interests of all relevant stakeholders ��� shareholders, but also customers, employees, and the communities in which the company operates ��� when making decisions..."
Alexander Hamilton: Draft of a Constitution, 17 September 1787
Wikipedia: Jean-Charles Pichegru
Jessica Evans: Alcibiades��� Trump Card: The Political Masquerades of Masculinity
Adam Gopnik: How Charles de Gaulle Rescued France : "His life shows that right-wing politics needn���t bend toward absolutism...
Nils Gilpin: The Twin Insurgency : "The postmodern state is under siege from plutocrats and criminals who unknowingly compound each other���s insidiousness...
Emily Stewart: Elon Musk���s plan to own investors betting against Tesla��stock backfires : "Investors shorting Tesla���s stock have made $1.2 billion since Musk���s privatization tweet...
Jason Smith: A Random Physicist Takes on Economics
Claudia Goldin (2014): "A Grand Gender Convergence: Its Last Chapter", AMERICAN ECONOMIC REVIEW 104:4 (April), pp. 1091-1119 https://www.aeaweb.org/articles?id=10.1257/aer.104.4.1091
Wikipedia: Johannes Trithemius




Wall of Shame:




Morgan Gstalter: McConnell: Midterms could be 'a Category 3, 4 or 5' storm for GOP: "'We know the wind is going to be in our face. We don���t know whether it���s going to be a Category 3, 4 or 5'...


Matthew Yglesias: "The highbrow intellectual leaders of the modern conservative movement explicitly conceptualized it as a white nationalist undertaking. Trump is true to this legacy and his intra-movement critics are the innovators...


Eight years of Governor Sam Brownback has seen Kansas lose 8% of its jobs relative to the national average. Now Kansas is Ground Zero for Trump's trade war. Joshua Green: Chinese Sorghum Tariffs Will Hit Hard in Trump-friendly Kansas: "Trump���s Trade War Hits Another Red State: What���s the matter with Kansas? It���ll be hardest hit by new Chinese tariffs...


Will Wilkinson: The DACA and immigration debates are about whether Latinos are ���real Americans���: "Challenging the idea that Latino Americans can be truly American undercuts the very idea of America...


Just when you think the mainstream media could not sink any lower into misogyny and stupidity, it's the Atlantic Monthly!: Scott Lemieux: Are you provoked yet?: "Both James Bennet and Fred Hiatt have been asked to hold David Bradley���s beer...


Ezra Klein: @ezraklein on Twitter: "I don���t know what the [New York] Times should���ve done with Thrush. But I watched the efforts to plant oppo and smear @lkmcgann in the aftermath of her reporting. Anyone who thinks coming forward with these experiences is easy, even now, is wrong. I am beyond proud to be her colleague..."


Yes, this is as bad a violation of academic standards as it looks: Henry Farrell: The public choice of public choice: "Now this... 'financial ties to the Charles Koch Foundation... [but] George Mason University has cited its academic independence.


The Brexiters never had a plan for what they would do if they won the referendum. And they still do not have a plan. I do not see a road other than "transitional" arrangements that keep things as they are without the UK having any voice in Brussels���"transitional" arrangements that will keep getting indefinitely extended: Robert Hutton: Stuck In the Middle: These Are Theresa May's Four Brexit Options: "Her inner Brexit Cabinet has rejected her proposed customs relationship with the European Union...


Gabrielle Coppola: Trump���s TPP Pullout May Have Cost Missouri Its Harley Factory: "Harley-Davidson Inc.���s chief executive officer said he may have kept a plant open in Missouri if the U.S. had stayed in the Trans-Pacific Partnership, the free-trade agreement that President Donald Trump withdrew from last year...


WTF happened to Brendan Nyhan? The braineater has eaten his brain: Josh Marshall: "There are several problems with this logic.: The first is that you are applying jury trial standards to what are political questions. You are also applying statutory standards where they do not exist. As a factual matter the obstruction question is not in doubt...

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Published on August 27, 2018 00:16
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