3. “In fact, the economy is not a machine, and it does not have a gas pedal.” That is Arnold Kling on macro. And here is Yuval Levin on Arnold’s new macro book. And from the St. Louis Fed: “The new approach is based on the idea that the economy may visit a set of possible regimes instead of converging to a single, long-run steady state.”
5. Famous authors pick their favorite European novels. Quite a good list, not just the usual.
6. Japanese ad for Donald Trump, possible Straussian ending.