• Interesting post from Henry Farrell on Germany and the debate between Tyler Cowen and Paul Krugman.  Most interesting to me is that he seems to agree with me that the actual empirical evidence in favor of stimulus is pretty murky--not a position you hear much from left or right these days.
  • The fat tail of the local pension problem.
  • Jamie Dimon's house is mostly stuffy as hell, but also a little bit creepy.
  • Gains from trade.

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