3. Freddie on the chat with Chetty; I can’t speak for Raj, but I would gladly pay the better teachers more, if that meant firing the lemons (and I don’t read him as denying this). And many lemons there are, FD doesn’t provide evidence against that by now rather well-established claim, furthermore it is one any high schooler would agree with.
4. Scott Sumner on the two new Fed picks. I view these as very good news.