Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list is a story about new lights visible from space on the northern Great Plains......... and the last story is about a bright future for stocks.
- A Mysterious Patch Of Light Shows Up In The North Dakota Dark (Robert Krulwich, NPR) Hat tips to Roger Erickson and John Leonard.
- Bitcoin Bytes Back (Joel Bowman, The Daily Reckoning)
- Keynesian Policies Are a Flop (Douglas French, Laissez Faire Club) This is a very one-dimensional essay. We would have liked to see some discussion of how the money was used (it's been poured into the financial system and not the real economy) and a mention of how effective austerity has been in building either unemployment, emigration or both.
- Court says Obama exceeded authority in making appointments (Robert Barnes and Steven Mufson, The Washington Post) This looks destined to get to the Dupreme Court.
- Six Housing Forecasters Who Got Things Right in 2012 (Nick Timiraos, The Wall Street Journal) Hat tip to Calculated Risk.
- Is Economic Equilibrium Like Equilibrium In Nature? (Economics and Religion) Hat tip to Banking & Monetary Reformers Group, LinkedIn. Where can you go with a discussion that starts with a false premise of economic equilibrium? To a conclusion that hardships are required to make progress? Read this and find out.
- The microfoundations of banking (M.C.K., The Economist)
- Peugeot Citroen to introduce compressed air hybrid by 2016 (Darren Quick, gizmag)
- The Future Looks Bright for Stocks (Rick Ferri, money & markets) Hat tip to ETF Network (Exchange Traded Funds and Exchange Traded Products), LinkedIn.