News
CNN Money | Oil above $108 breaks 30-month high
Oil prices breached a fresh 30-month high Monday, as investors continued to cheer a better-than-expected report on the U.S. job market.
The Economist | Broken links
The disruption to manufacturers worldwide from Japan’s disasters will force a rethink of how they manage production
WSJ | A 'Wage-Less' Recovery in the U.S.
These are pretty heady times for companies, in part because they are painful for many workers.
Fiscal Times | Cherry Blossom Festival: $126M Bonanza for D.C.
The 16-day National Cherry Blossom Festival is a cherished rite of spring, coloring the capital with delicate pink and white blossoms — and attracting tourists from far and wide. The festival, which began in 1935, brings in at least $126 million to the D.C. metro area each year, according to the National Park Service, making it the city’s largest annual tourism event by far. (Some $3 billion a year from 25 million tourists is pumped into the D.C. economy overall.)
Econ Comments
Washington Post | In St. Louis, a protest sign meets government arrogance
A dialectic of judicial deference and political arrogance is on display in St. Louis.
Blogs
Heritage Foundation: The Foundry | Income Inequality, Round Two
In a recent post arguing that income inequality is a problem, Mr. Mitchell charges that “most American households have seen little gain in income in the last three decades despite rising productivity growth.”
Calculated Risk | Schedule for Week of April 3rd
This will be a light week for economic data.
Coordination Problem | DeLong and Others on Recalculation
Since Brad DeLong has politiely noted my role in starting the use of the jigsaw puzzle metaphor in thinking about responses to the recession (though Don Boudreaux was the inspiration for its use in a broader context), I want to note the brief discussion that has ensued at his blog this morning and point out that the argument that expansionary fiscal policy is necessary to provide the required boost in aggregate demand to generate the recalculation process overlooks the ways in which fiscal policy interferes with the very recalculation process DeLong and others profess to be concerned about.
Café Hayek | Krugman and Expectations
Here’s a short clip of Paul Krugman asserting that the only reason businesses today aren’t investing more than they are is because businesses have “tons and tons of excess capacity.”
WSJ: Real Time Economics | Number of the Week: PCs Make Americans $500 Billion Richer
$1,700: The annual benefit the average American derives from personal computers
Reports
RCM: Wells Fargo | Economics Group
Weekly Economic & Financial Commentary
