Sunday links

Global Crisis And Reform: Starting A Long Journey (Baseline Scenario)

Think of it this way. The United States has done well over the past 200 years or so because it was founded with strong institutions – rules and laws that mean we’re protected against government or powerful elites becoming too powerful – and over time these have generally improved, or at least not collapsed under pressure.

But over the past 20-30 years, we took our eye off this ball.

The con is on: how carbon credits neuter Cap & Trade (Buiter)

News from 1930. Every day the author reads the Wall Street Journal from the corresponding day in 1930 and summarizes it. I found this more interesting than it sounded, and it sounded pretty interesting.

Must Love Jaws. Stumbled onto this one again this weekend. Classic.

Update

One more before bedtime: A riveting interview with Jeremy Grantham.

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