Weekend Reading

There’s my Chippy!

Here are a few long reads that I par­tic­u­larly liked. They’re not nec­es­sar­ily news any­more. Thanks to all the read­ers that shared these arti­cles with me.

Michael Lewis (Mon­ey­ball, Liars Poker, etc.) on the shady deal­ings in bailout of Irish banks and Ire­land itself: When Irish Eyes Are Cry­ing.

Matthew Stoller on the unin­tended con­se­quences of pri­va­ti­za­tion of the pri­sion sys­tem: Who Wants to Keep the War on Drugs Going AND Put You in Debtor’s Prison?

The Econ­o­mist on why aus­ter­ity and growth have not gone together: Cut or Loose.

Eliz­a­beth War­ren before the stim­u­lus on why house­hold debt would pre­vent it from work­ing: Same Solu­tions, Dif­fer­ent Prob­lems.

You may think you know bet­ter, but every­one thinks that. Some­one has to be wrong: The Illu­sion of Asym­met­ric Insight.

The case against pre­scrip­tion drugs for treat­ing depres­sion and other dis­or­ders: The Epi­demic of Men­tal Ill­ness: Why?

10 moments show­ing how out-of-touch our aris­toc­racy really is:  The New “Let Them Eat Cake!”

Comics — Irwin Schiff, impris­oned tax dis­senter and father of broker/Senate can­di­date Peter Schiff, gives his account of How an Econ­omy Grows and Why It Doesn’t.

  • Jane O’Donnell

    Thanks for post­ing these! I just read the one by Eliz­a­beth War­ren. Her post about America’s debt prob­lem is painfully clear and I think that it’s ridicu­lous that more peo­ple aren’t bring­ing up this point today. Why do we think we can solve a debt prob­lem with more spend­ing? Our solu­tions to eco­nomic prob­lems seem very at odds today; on the one hand it’s good that Amer­i­cans are cut­ting back and learn­ing to make the most of what lit­tle income they have, while on the other hand, with every­one cut­ting back their spend­ing, many indus­tries are suf­fer­ing from sharp declines in demand. If you ask me, I think an over­all decline will be good for the long term, since the growth thus far has been the­o­ret­i­cally fueled by money the spenders don’t actu­ally have. I think some indus­tries need to shrink (like ones that favor the rich and bad employee stan­dards) while oth­ers need a lot of growth like small busi­nesses and co-ops.

    • http://thermm.wordpress.com Ryan Michael Murphy

      I agree, and I’ll have a com­plete answer for you shortly.