News
WSJ | EPA to Require New Pollution Cuts
Power Plants Will Need to Sharply Curtail Soot and Smog; Rule Draws Fire From GOP, Businesses.
WSJ | France's Trade Deficit Sets Record
France's foreign-trade gap hit a new record in May for the third time this year, data showed Thursday, suggesting the country is losing its struggle to maintain its competitiveness on global markets.
Econ Comments
Washington Post | The Elmendorf Rule
Here we go again. An approaching crisis. A looming deadline. Nervous markets. And then, from the miasma of gridlock, rises our president, calling upon those unruly congressional children to quit squabbling, stop kicking the can down the road and get serious about debt.
Bloomberg | Postrel: Public Works Built on Rosy Scenarios
“Infrastructure” may be one of the least glamorous words in the English language, but with the right touch the concrete and steel of roads, bridges, tunnels, dams and railroads can look as alluring as a movie star.
Blogs
Marginal Revolution | One of the very best articles on the AD shortfall
We are not as wealthy as we thought we were, and that’s especially true for the Irish.
EconLog | The Power of Folk Macroeconomics
In textbook macroeconomics, aggregate demand is aggregate demand. It does not matter whether nominal GDP goes up because of monetary expansion or fiscal expansion.
Marginal Revolution | Government size and economic growth
I thought the new paper by Andreas Bergh and Magnus Henrekson was both useful and wise...
Forbes: On the Cutting Edge | Fallacies Of Economic Equality That Promote Poverty
First, to achieve true and comprehensive equality would involve gross violations of personal liberty, as the talented and capable must be prevented from using their abilities and advantages to get ahead of others, or to make any feel inferior.
WSJ: Real Time Economics | The Connection Between Obesity and Poverty
A new report finds shows that Americans are getting fatter and notes worse rates among those with low incomes, but some states don’t exactly fit the pattern.
