“I think that the main thing keeping long-term interest rates low right now is cognitive dissonance. Even though the business community is starting to get scared — the ultra-establishment Committee for Economic Development now warns that ‘a fiscal crisis threatens our future standard of living’ — investors still can’t believe that the leaders of the United States are acting like the rulers of a banana republic. But I’ve done the math, and reached my own conclusions — and I’ve locked in my rate.”
-Paul Krugman, via Peter Klein, “Krugman on Regime Uncertainty.”
I WILL TELL YOU THAT CLUELESS AND 10 THINGS I HATE ABOUT YOU ARE BETTER MOVIES THAN CITIZEN KANE WITH A STRAIGHT FACE.
“More teen movies were made in the ten years between Clueless and Mean Girls than in any other era before or since, and — unlike today’s teen output — only a small handful of them were immediately relegated to the discount rack at HMV. The rest went on to significant, and in many cases monumental, levels of success. It’s hard to believe now, but in 1997 the teen genre had so much clout that 20th Century Fox moved the release date of Titanic back to avoid going head-to-head with Scream 2.”
-Ultra Culture, “Ten reasons why the teen movies of 1995–2004 were like, totally the best, ever.”
BEHAVIORAL PUBLIC FINANCE.
“Economic conservatives often stress the connection between low taxes and smaller government. But that observation, as an argument for lower current taxes, looks weaker as the years pass. Keeping taxes low doesn’t stop the growth of government spending and, indeed, makes spending taste like a free lunch, because the bill is paid much later. The conservative strategy has long been to hold the line on taxes now, but it would be better to encourage the public to more readily grasp and internalize the costs of government spending.”
-Tyler Cowen, “In the Fiscal Debate, a Little Symbolism Can Go a Long Way.”
WELL IT’S NOT LIKE I WOULD SEND YOU TO A FAN MADE ALBUM OF VIDEO GAME MUSIC BECAUSE IT SUCKS.
“I would like to thank everyone for the incredible reaction this project has received. For years I have wanted to create an album that attempted to capture the beautiful and nightmarish world of Majora’s Mask. While I am only releasing the first disc today, Time’s End will eventually cover the entire soundtrack. This album is a free gift to fans and a tribute to one of the greatest games ever made.”
Click here for the album.