21 April 2014

Haiku of the Day:

Aggregate demand: / Add up all the things we want, / then subtract the dreams.

Quote of the Day:

“Mathematics, rightly viewed, possesses not only truth, but supreme beauty—a beauty cold and austere, like that of sculpture, without appeal to any part of our weaker nature, without the gorgeous trappings of painting or music, yet sublimely pure, and capable of a stern perfection such as only the greatest art can show.” –Bertrand Russell, The Study of Mathematics (1902)

Links of the Day

Clive Crook at Bloomberg declares that Piketty’s “Capital” is All Wrong

UAW gives up on Tennessee VW plant (Reuters)

Is the US Military a Socialist Paradise (The Daily Beast)

Thomas Sargent’s comprehensive summary of Economics, from Ezra Klein

The potentially devastating bond bubble that the Fed may or may not be worried about (Fivethirtyeight)

Wage theft is a criminal offense, but rarely treated as one (Washington Post Op-Ed)

Long Read of the Day:

The Re-segregation of the South (The Atlantic)