1. John Cassidy of The New Yorker on recent natural experiments in macroeconomics
“Having adopted the policies of Keynes in response to a calamitous recession, the United States has grown more than twice as fast during the past three years as Britain, which adopted the economics of Hoover (and Paul Ryan). Meanwhile, the gaping hole in the two countries’ budgets has declined at roughly the same rate, and next year the U.S. will be in better fiscal shape than its old ally.”
2. Dylan Matthews at Wonkblog with “Ten ways to reduce inequality without raising taxes”
3. Climate Change is worse than predicted (Scientific American)
“A comparison of past IPCC predictions against 22 years of weather data and the latest climate science find that the IPCC has consistently underplayed the intensity of global warming in each of its four major reports released since 1990.”
4. An interview with Arin Dube on minimum wage is well worth watching.
“Dube’s research looks at the effects of minimum wage differentials across state borders where the minimum wage is higher on one side of the border than the other. His research looks at the service industry, which he said employs the majority of minimum wage workers. According to his findings, both the short and long term effects of the increased wage on unemployment were negligible.”