I apologize for the lackadaisical approach to blogging lately. Last week was filled with house-sitting, and a wedding in Coronado over the weekend. It was my first trip to California. It is beautiful, and the weather is amazing, but I'm not ready to move just yet. Good times, but I'm glad to have a low key night. The stack of dirty clothes is getting a little ridiculous.
Here are the links for the day. I'll try to do a better job this week.
Felix Salmon on the microeconomics of market volatility.
My favorite journalist, Charlie Rose, interviews Obama's Economic Advisor Austan Goolsbee.
Jagdish Bhagwati calls out trade policymakers in the developed world.
David Leonhardt profiles Obamanomics for the Times.
Sullivan suggests Obama give Bob Rubin a prominent role in his Cabinet. I concur.
More ridicule for the notion of education. This time from Wharton.
Following up on de Soto's The Mystery of Capital.
McArdle on auctioning landing spots at airports.
Nobel Laureate Jim Heckman's new paper, entitled "The Effect of Prayer on God's Attitude Toward Mankind," is an interesting application of Bayesian analysis. His conclusion: Bimodal. "The empirical conclusion from this analysis is important. A little prayer does no good and may make
things worse. Much prayer helps a lot."
Tragedy of the anti-commons.
Contrary to popular belief, creative destruction is at least as hard on the rich as it is on the poor.
Usain Bolt is just not normal. HT: Philip Tester
More Jim Heckman. This time on investing in disadvantaged youth. Don't just do it financially - do it personally.
Does money undermine community? So they say. I have an inkling as to why this might be. The proper question seems to be whether or not it does more harm than good. From a transaction costs perspective, the answer seems pretty obvious. If you don't believe me, go ask someone in Zimbabwe about the utility of sound money.
Bob Frank meets Google.
Patrick Deneen on Wendell Berry.
Cowen on rational dogmatism.
I'm always amazed at the value of advertising.
Update: War or Car.
Russ Roberts on teaching Hayekian insights.
The most interesting blog I had yet to add to my reader until today: Richard Florida's. Hands down.
Kling on the 4 most important drivers of the past three decades.
Freakonomics collects the most famous econ quotes.
Save $100 on a Kindle.
Blogging through the abortive process.
Buiter gives the Feds a hard time, and gets treated like a child. These are the veritable masters of the universe. It's a hard time for those who care about sound money.
The Googlization of Everything hits Free Will.
Detroit has been bleeding people for decades. Some people never learn.
Virginia Postrel has a new site.
Ideas matter, but that's one hell of a lag.
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