Haiku of the Day:

The politics of / democratic capital / always needs money

Quote of the Day:

“Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.” -Joseph Schumpeter, Capitalism, Socialism and Democracy (1942)

Links of the Day

Supreme Court Rules that Political Donations may be Unlimited (New York Times coverage)

Paul Krugman is Predictably Disgusted by the Predictability of the new Paul Ryan budget

Fivethirtyeight points out an unusual accounting trick in the Ryan Plan

Mark Thoma discusses Economic Rents

Simon Wren-Lewis has a lovely piece on the Phillips Curve and Microfoundations



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