Why we need to pay more attention to the Fed.
An interesting essay on inequality from Ezra Klein contains this striking piece of information:
Perhaps the most shocking study the authors cite comes from Martin Gilens, a political scientist at Princeton University. Gilens has been collecting the results of nearly 2,000 survey questions reaching back to the 1980s, looking for evidence that when opinions change, so too does policy. And he found it—but only for the rich. “Most policy changes with majority support didn’t become law,” Hacker and Pierson write. The exception was “when they were supported by those at the top. When the opinions of the poor diverged from those of the well-off, the opinions of the poor ceased to have any apparent influence: If 90 percent of poor Americans supported a policy change, it was no more likely to happen than if 10 percent did. By contrast, when more of the well-off supported a change, it was substantially more likely to happen.”There are some significant counterexamples—see immigration and free trade—but it’d be interesting to think about why that is.
What if China became the world’s policeman?
Seattle, like NYC, is in tsunami danger…eventually.
David Foster Wallace’s upcoming posthumous novel reviewed.
C.I.A. agent imprisoned in Pakistan freed (with cash money).
Is a world without fossil fuels and nuclear energy possible?
An infrastructure bank might possibly but probably not make it through the Senate.
Is Muhammad Yunus about to lose his job?