How Bush Broke the Government American Prospect
It breaks my heart to see Israel’s stupidity Michael Lerner, Times Online
Twaddle thrives amid the turmoil Lucy Kellaway, Financial Times
Personal Letter from Satan to Paulson Karl Denninger (hat tip reader Richard W)
The Progressivity of the Tax System Greg Mankiw
The great liquidity crisis – 94 years ago Niall Ferguson, Financial Times
Fed Must Have ‘Exit Strategy’ for Loan Programs, Yellen Says Bloomberg. Maybe I am reading way too much into her speech, but since the Fed does not appear to have an exit strategy, do Yellen’s remarks signal a bit of dissent?
Clawing Back Labor Protection and Social Security Won’t Save Jobs China Stakes (hat tip reader Michael)
Does Gary Shilling Have A Time Machine? Clusterstock
Southeast Asian Stocks to Post `Castrated’ Gains in Year of Ox, CIMB Says Bloomberg. I must confess I could not resist the headline (which appeared only on the “Breaking News” page, not the article itself).
Consumers to Pare High-Tech Purchases Wall Street Journal
Famous economists’ famous errors Tyler Cowen
Antidote du jour (hat tip Earl Crockett). These are from a San Francisco Chronicle article. A quote:
“They’re so lovable,” he said. “They truly are. They want to snuggle up to you all the time. Of all the animals I’ve worked with, they’re the coziest. They love to rub and touch. They’re just very sweet animals that right now need protecting.”