@johnquiggin's dissection of "boomers", etc.

by @cstross.

Harvard Business Review; but some very interesting statistics.

Peter Birks explains it all.

HuffPo summarises.

Chote is an old mate, but this is a solid critique!

My favourite Cypriot commentator at the weekend, blaming the Germans (a little unfairly) and the Communists (entirely fairly).

Pete Birks outlines the consequences in Cyprus.

Everyone's linking to this, but it is really worth watching if you haven't already.

"No one, it turns out, can ever really be the smartest guy in the room. For two reasons. First, to make sure that everyone keeps fighting to get in, and stay in. Second, to make sure that everyone who doesn’t get in is kept out."

"To sadly summarize: while the theoretical value of the moon may be countless zillions, today it’s not worth jack."

Because some politicians feel entitled to their own facts! #fb

Do get any acquaintances who take Hayek seriously to read this.

Lots of interesting lessons about economics here!

"In the last two years British newspapers have been promising more or less the same thing to Eurozone citizens: collapse, soon." Yet it hasn't happened.

10-year-old suggests restoring drachma to Greece.

Book review in The Economist

The Bosnian dairy industry.

Encounter with a carjacker in Karachi.

Innovative planning "to build a banking system with democratic management, more direct relationships between borrowers and investors and products affordable and attractive to the rich and poor".

The Washington Post covers the Congressional Budget Office report.

The Guardian covers the Congressional Budget Office report.

Pete also thinks that the Greek solution is untenable.

He says it only last between "one day and three months".

U.S. tax policy has given a break to poor families for a long time. It's not the enemy, and it won't be the entire solution. What we're dealing with is a vast, complicated conspiracy of incentives.

Profile of Elizabeth Warren and what has happened to the US middle class.

Economy grows, most see no benefits.

What's wrong with the US. #fb

John Quiggin asks why so few bankers have been prosecuted.

"Greek default would not be  Armageddon"!