1. David Byrne selects photos of Detroit, and here is the decline of the Battersea Power Station.
2. Some Friedmanesqe themes in the arts, by me, through the Dallas Fed. At the end I discuss why the Friedmans (circa 1969) seemed to be more optimistic about the West Bank than about Bali.
3. Against (some) arbitrage (pdf).
4. Correlation and causation, a cartoon.