2. WSJ Blog has a fantastic post- Philips vs Friedman. You keep hearing insider stories on how certain paper was written, how this work isn’t original and was copied/stolen from someone etc.
4. Mankiw points to Harvard/Yale duoploy in presidential elections
5. Frankel reaffirms the view that low interest rates are responsible for high commodity prices
6. TTR points to IIT expansion. I think we should leave IIT/IIM aside and focus on building other colleges in India. The standards are abysmal elsewhere and won’t improve if the focus is only on IITs etc. They are the best in the country and get the best students, faculty etc. The attention has to move to other Universities, colleges etc Otherwise name all engineering institutes as IIT.