Paul Krugman at The New York Times on the continuing costs of persistent unemployment. "The bitter irony ... is that it turns out that by failing to address unemployment, we have, in fact, been sacrificing the future, too," Krugman argues. If we're too focused on decreasing the debt and ignoring job growth, we "will cripple America for many years to come." Krugman notes that the "blockbuster" paper presented at a recent International Money Fund research conference found that, "our seemingly endless slump has done long-term damage through multiple channels. The long-term unemployed eventually come to be seen as unemployable; business investment lags thanks to weak sales; new businesses don’t get started; and existing businesses skimp on research and development." Most importantly, "debt, while it can pose problems, doesn’t make the nation poorer, because it’s money we owe to ourselves. Anyone who talks about how we’re borrowing from our children just hasn’t done the math." He concedes, "true, debt can indirectly make us poorer if deficits drive up interest rates and thereby discourage productive investment. But that hasn’t been happening." Economist Justin Wolfers tweets, "Arguably one of @NYTimeskrugman's most important columns in a long time." Washington Post columnist Gene Weingarten tweets, "This is today's most depressing read."
Kathryn Schulz at Daily Intelligencer on how Twitter "hijacked" her mind. When Schulz was writing her first book in 2010, her agents encouraged her to increase her digital presence: "Twitter, man. The medium I mocked most. The one I joined last, and was sure I’d quit first. The hardest to initially understand, and the most seemingly inane. ... The one most at odds with my own country-mile prose. Also: the one I adore. The one to which I am addicted. And the one that, over the course of the past three years, in tiny nibbles exactly the size of this sentence, has proceeded to eat me alive." She continues, "collectively, the people I follow on Twitter — book nerds, science nerds, journalists, the uncategorizably interesting — come pretty close to my dream community." She's caught herself "thinking of — and thinking in — tweets." National Geographic writer Ed Yong tweets, "Everyone can stop writing about Twitter cos @kathrynschulz's piece is peerless. (Jonathan Franzen should def stop)." Slate's science writer Laura Helmuth responds, "Innit? Love 'sentences with friends.' Feeling better & clearer about all the time we spend here." New Yorker staff writer David Grann tweets, "This is the best & most insightful piece I've read about Twitter."