Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list describes what Ray Dalio gets wrong about money …….. and the last article compares industrial production in Europe in the 1930s with the current time frame.
- What Billionaire Ray Dalio Gets Wrong About Money (Peter Coy, Bloomberg) See GEI News Documentary of the Week, 29 September 2013. QE is not printing money – it is just changing the composition of the private sector’s balance sheet.
- U.S. Agencies to Say Bitcoins Offer Legitimate Benefits (Max Raskin, Bloomberg)
- Google Books ruling is a huge victory for online innovation (Timothy B. Lee, The Washington Post)
- Update: Recovery Measures (Bill McBride, Calculated Risk) Four years and four months after the end of The Great Recession some economic factors have still not recovered. One of them is Industrial Production.
Click on graph for larger image at Calculated Risk.
- Michael Klare: A Climate Change-Fueled Revolution? (Yves Smith, Naked Capitalism)
- CEO Lessons from Obamacare (Mohamed El-Erian, LinkedIn)
- Blogs review: Revisiting the case for rational expectations (David C. Saha, bruegel) Be prepared to be distressed about macroeconomic thinking.
- A plan to keep Social Security solvent forever (New Deal Democrat, The Bondad Blog) Hat tip to Doug Short, Advisor Perspectives dshort.com.
- European cohesion, austerity, Grexit, and eurozone expulsion (Edward Harrison, Credit Writedowns) Includes the following graph from Paul Krugman.