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Wednesday, March 19, 2014

General Economics

News                                                                                                                             
National Journal | The World's Poor Have Not Recovered From the Great Recession
In the seven years since the Great Recession began, much of the world still has not recovered. Well, perhaps national economies have. But still pained in the wake of the financial collapse are the world's poor and youth. 
FOX News | US current account deficit narrows to lowest level in 14 years as exports, income rises
Large increases in exports and overseas investment income narrowed the U.S. current account deficit to the lowest level in 14 years in the October-December quarter.

Econ Comments & Analysis                                                                                            
WSJ | The Economic Roots of American Retreat
A recent Pew Research Center survey finds that, by 56% to 29%, the American public says that it is more important for the United States to minimize its involvement in the Ukrainian crisis than to take a firm stand against Russian actions. Meanwhile, the latest NBC/Wall Street Journal poll finds that 57% of Americans believe the U.S. is still in recession.
Weekly Standard | The Obamacare of Real Estate
Top Senate Banking Committee members released plans this week to wind down mortgage giants Fannie Mae and Freddie Mac and replace them with a complicated apparatus disturbingly similar to Obamacare.

Blogs                                                                                                                             
WSJ | Two Economists on School Reform: We Know (A Few) Things That Work
Into this debate come two economists, Greg J. Duncan of the School of Education at the University of California at Irvine, and Richard J. Murnane of the Harvard Graduate School of Education, with an encouraging message: We do have evidence that a few approaches work.
Heritage Foundation | How to Avoid Another Housing Crisis
What’s one thing Congress could do to help the economy and American homeowners?
Library of Economics | Keynes for limited government?
The Free Exchange Economist blog recently published a nice celebration of Hayek's "The Road to Serfdom", that was published some 70 years ago. It might not be Hayek's best book, but it is still the most popular one.