Some Monday Links: Mostly Economics

The New Economics (Foreign Affairs)

The author begs to explain “how the U.S. and its Allies are rewriting the rules on spending and trade”. Informative on recent developments, and the f-yeah! attitude is kind of welcome. Unsurprisingly, it attributes all maladies to the big bad “neoliberal” specter. And it loses its title’s thunder, if we remember that Walter Heller, the important Keynesian economist and presidential advisor, half a century ago noted:

Today’s talk of an ‘intellectual revolution’ and a ‘new economics’ arises not out of startling discoveries of new economic truths but out of the swift and progressive weaving of modern economics into the fabric of national thinking and policy

W. Heller, 1966 – Source

A good analysis of the old “New Economics”, which obviously drifted to activist macroeconomic management, can be found in Marc Levinson‘s An Extraordinary Time (NOL has referenced his work before).

Please Do Not Call Inflation ‘Transitory’ (Bloomberg)

A comment on the term “transitory” and its religious connotations.

The Secret Behind the Monopoly Board (WSHU)

The popular Monopoly game is actually older than its recent 85th anniversary indicates, and of Georgist descent.

edit: Fixed a link, added an omitted word – M.T.

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