Elections matter.

Freedom Is Not Just Another Word for Nothing Left to Lose - Maxine Udall (girl economist): "As far as I can tell, there is nothing that protects me from large corporations, except the US government and the court system."

Elections matter.

Freedom Is Not Just Another Word for Nothing Left to Lose - Maxine Udall (girl economist): "As far as I can tell, there is nothing that protects me from large corporations, except the US government and the court system."

Why People Drink as They Get Older - Chart Porn

Why People Drink as They Get Older - Chart Porn

Ernest Rutherford's Money Quote

In Search of Ernest Rutherford's Money Quote: "“The only possible interpretation of any research whatever in the 'social sciences' is: some do, some don't”"

High Frequency Trading and its Impact on Market Quality | Alea

High Frequency Trading and its Impact on Market Quality | Alea

People Are Awesome | The Big Picture

People Are Awesome | The Big Picture

Irrational Nonsense

How did we live without the internets spreading classics like this?

Tokyo Insider Trading

"I'm shocked, shocked to find gambling going on in this establishment!"

FT.com / Markets - Tokyo hit by claims of insider trading

GOP Gameplan revealed: The Hell With The Economy

: "'The single most important thing we want to achieve is for President Obama to be a one-term president.'"

Steven Rattner and the rescue of General Motors

"History will be kind to me for I intend to write it"

The importance of narratives.

Steven Rattner and the rescue of General Motors : The New Yorker

Private equity creates the impression that they know about business.

Juan Williams retort

Europol Report: All Terrorists are Muslims…Except the 99.6% that Aren’t | loonwatch.com

The Best Acronym?

WORST

Economists

A defense of Summers and the economic policy of Obama.

Economic Principals � Blog Archive � The Vainglory of Economists, and Other Campaign Issues

'The Social Network': A Review Of Aaron Sorkin's Film About Facebook And Mark Zuckerberg | The New Republic

'The Social Network': A Review Of Aaron Sorkin's Film About Facebook And Mark Zuckerberg | The New Republic

And more on Zuck

Questions for Republicans

Economist's View: One More Time with Gusto: Tax Cuts Do Not Pay for Themselves: "'Are you this ignorant about economics, in which case why should anyone vote for you, or are you deliberately misleading people? I'll assume you aren't ignorant, so here's the question. If you are willing to make false claims about the revenue generated from tax cuts in order to promote them for the wealthy, what other falsehoods will you be willing to promote in order to serve political ends? If voters can't trust you to tell the truth about tax cuts, how can they trust you on anything?'"

Greg Mankiw thinks U.S corporate tax rates are too high

Google does too.

What Happened to Change We Can Believe In? - NYTimes.com

What Happened to Change We Can Believe In? - NYTimes.com

The wrong time to cut the deficit is now

The Measure of Our Inability to Do the Right Thing - Grasping Reality with Both Hands

Changes in unemployment by age and degree

The Young, the Old, the Unemployed � New Deal 2.0

Karma

interfluidity � The Karmic Truth

Burning Man becomes a hot academic topic - latimes.com

Burning Man becomes a hot academic topic - latimes.com

Views: The Real Cost Equation - Inside Higher Ed

Views: The Real Cost Equation - Inside Higher Ed

Foreclosure Fraud for Dummies

This is a 5 part series from Mike Konczal, a former financial engineer, is a fellow with theRoosevelt Institute, who also blogs at New Deal 2.0, and is working on financial reform, the 21st century economy, structural unemployment, inequality, risk sharing, consumer access to financial services and more generally what it means to have a social contract in a financialized, post-industrial economy.


Part one.

Part Two 

Part Three

10 Questions for Greg Mankiw | The Big Picture

10 Questions for Greg Mankiw | The Big Picture

A follow up by Mankiw and a quick retort.
Harvard professor loses to random blogger.

FT.com / Columnists / GillianTett - Please donate now. Indirectly

FT.com / Columnists / GillianTett - Please donate now. Indirectly

All Together, Now: The Tea Party Isn’t About Economic Insecurity | Firedoglake

It is about power.

All Together, Now: The Tea Party Isn’t About Economic Insecurity | Firedoglake

Interactive Brokers Comments on the state of securities markets

One of the creators of the new market system now admits to its flaws.

The Japan Syndrome - By Ethan Devine | Foreign Policy

The Japan Syndrome - By Ethan Devine | Foreign Policy

The Scientific Process, Arnold Kling | EconLog | Library of Economics and Liberty

The Scientific Process, Arnold Kling | EconLog | Library of Economics and Liberty

Viva Chile! They Left No Man Behind. - WSJ.com

Defense of big government by Peggy Noonen.

Viva Chile! They Left No Man Behind. - WSJ.com

Taxes

ataxingmatter: Plain English or Misleading Tax Rhetoric: "As a society, we need to share a common understanding of the role of taxation in supporting our goals.� By joining together to fund our government, we empower ourselves to take actions that otherwise would lie well beyond the capability of a single individual, whether it is regulating and overseeing multinational corporations that may pollute our waters or funding research in life-enriching innovations.� Taxation can reinforce our sense of a common destiny, that we are all in the same enterprise together.�"

Greg Mankiw's anti-tax arguments

Mankiw's anti tax screed in the NYT created a whirlwind on the web. Here is one of the best counters.

ataxingmatter: Greg Mankiw's anti-tax arguments

And the best title:

http://noapparentmotive.org/blog/2010/10/12/three-card-mankiw-2/

Google

Is the stock a buy or a sell?

Business strategies: Things Google is doing | The Economist

GPI

The Google Price Index

Google Now Encroaching on Shadow Stats � naked capitalism

What Changes In Survival Rates Tell Us About US Health Care -- Muennig and Glied, 10.1377/hlthaff.2010.0073 -- Health Affairs

Population diversity, behavioral risk factors like smoking, obesity, traffic accidents and homicides do not explain the lower survival rates in the US. Nor do those factors explain the lack of progress of survival rates.

Then what is it that causes poor health outcomes.?

The study is less clear.

What Changes In Survival Rates Tell Us About US Health Care -- Muennig and Glied, 10.1377/hlthaff.2010.0073 -- Health Affairs

Do higher tax rates incent people to work less?

What kind of people and what kind of work is forgone because of tax rates?

Taxation: Take some time off, Mr Mankiw | The Economist: "that trading foregone Mankiw columns for better education or reduced debt isn't a bad deal. Or that a novelist who curtails his writing because of the tax rate isn't much of an artist. Or that a surgeon who skips life-saving operations because of a tax increase is a cruel and immoral man. Put another way, if workers are doing something truly important, they should carry on doing it whether or not taxes go up. And if they're not doing something important, then who cares whether they do less of it?"

It's different this time?

Mexico's 100 year bonds.

Editorial Notebook - What’s Your Timeline? - NYTimes.com

Facebook

Senators do better than junior staffers. The staffers use insider information to trade for a couple of thousand dollars. Senators get sweetheart deals in private equity. Boxer is a holder of facebook shares.

Facebook - Wikipedia, the free encyclopedia: "Senator Barbra Boxer, Chris Hughes, and Owen Van Natta, while Reid Hoffman and Mark Pincus have sizable holdings of the company, and the remaining 30% or so are owned by employees,"

Congressional Staffers are savey traders

Makes trading sound easy...

Congressional Staffers Gain From Trading in Stocks - WSJ.com: "It's pretty straightforward: I bought on a dip and sold on spikes"

Books on the crisis

Sometimes book reviews are better than the books.

Satyajit Das: Pleasant & Unpleasant “Truths” � naked capitalism

To Cut Budget Deficit, Cut Defense

Bartlett: To Cut Budget Deficit, Cut Defense | The Big Picture

Why don't people rock the boat in early on-line dating encounters?

Marginal Revolution: Why don't people rock the boat in early on-line dating encounters?: "First,�email is a bad medium for making and negotiating outrageous claims.� You can't communicate subtleties of tone and teasing and you can't easily do 'repair work' if you offend�the audience, even assuming you can notice the offense or keep the dialog going after an offense.�"

The End of the Tunnel

Op-Ed Columnist - The End of the Tunnel - NYTimes.com

Tomgram: Andy Kroll, The Face of An American Lost Generation | TomDispatch

Tomgram: Andy Kroll, The Face of An American Lost Generation | TomDispatch

Economist's View: Unemployment and Underemployment by Income

Unemployment is concentrated in the low income brackets.

Economist's View: Unemployment and Underemployment by Income

Larry Summers and the Subversion of Economics

The corruption of revolving door between corporations and government.

Larry Summers and the Subversion of Economics - The Chronicle Review - The Chronicle of Higher Education: "2001 and his entry into the Obama administration, he made more than $20-million from the financial-services industry."

Immigration and Wages: A Socratic Dialogue, Bryan Caplan | EconLog | Library of Economics and Liberty

Immigration and Wages: A Socratic Dialogue, Bryan Caplan | EconLog | Library of Economics and Liberty: "Or in other words, without 'a bunch of low-skilled immigrants,' you would be less productive.� Call it magic.� Call it economics.� Either way, it's real.� For all practical purposes, low-skilled immigrants raise the productivity of native workers.� And as far as supply-and-demand is concerned, it's entirely possible for immigrants to actually boost natives' wages."

Immigration and Wages: A Socratic Dialogue, Bryan Caplan | EconLog | Library of Economics and Liberty

Immigration and Wages: A Socratic Dialogue, Bryan Caplan | EconLog | Library of Economics and Liberty: "Or in other words, without 'a bunch of low-skilled immigrants,' you would be less productive.� Call it magic.� Call it economics.� Either way, it's real.� For all practical purposes, low-skilled immigrants raise the productivity of native workers.� And as far as supply-and-demand is concerned, it's entirely possible for immigrants to actually boost natives' wages."

The Cost of the TARP: One More Time | Beat the Press

The Cost of the TARP: One More Time | Beat the Press

Tea & Crackers | Rolling Stone Politics

Matt Taibbi sets his sights on the Tea Party.

"

A loose definition of the Tea Party might be millions of pissed-off white people sent chasing after Mexicans on Medicaid by the handful of banks and investment firms who advertise on Fox and CNBC."

Tea & Crackers | Rolling Stone Politics

The Epicurean Dealmaker: The Relief of Distance

The Epicurean Dealmaker: The Relief of Distance: "The other significant change embedded in these new interactions is that people can cultivate relationships over virtual social networks for months and even years without ever meeting in the flesh. Stable, long-lasting, and—it is not irresponsible to imagine it—even durable relationships of the deepest kind can be established and maintained between characters or personae that individuals adopt and present to each other. Is this wise? Is it responsible? Is it fair?

Does it matter?"

What makes the US health care system so expensive – Introduction | The Incidental Economist

What makes the US health care system so expensive – Introduction | The Incidental Economist