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Briefly Noted for 2020-09-13

Summary:
Nancy LeTourneau: Biden Has a Plan to Reopen Schools. Trump Does Not https://washingtonmonthly.com/2020/09/03/biden-has-a-plan-to-reopen-schools-trump-does-not/: ‘The safety of this country’s children is on the ballot.... The first step of Biden’s plan, released over a month ago, includes something the Trump administration has failed to do: get the virus under control via actions such as implementation of nationwide testing-and-tracing. Take a look at how Biden’s message is totally different from Trump’s nonsense… Doris Goodwin: þe Way We Won: America's Economic Breakthrough During World War II https://prospect.org/health/way-won-america-s-economic-breakthrough-world-war-ii/: 'High growth needn’t require a war.... It is no exaggeration to say that America won the war abroad and the

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Nancy LeTourneau: Biden Has a Plan to Reopen Schools. Trump Does Not https://washingtonmonthly.com/2020/09/03/biden-has-a-plan-to-reopen-schools-trump-does-not/: ‘The safety of this country’s children is on the ballot.... The first step of Biden’s plan, released over a month ago, includes something the Trump administration has failed to do: get the virus under control via actions such as implementation of nationwide testing-and-tracing. Take a look at how Biden’s message is totally different from Trump’s nonsense…

Doris Goodwin: þe Way We Won: America's Economic Breakthrough During World War II https://prospect.org/health/way-won-america-s-economic-breakthrough-world-war-ii/: 'High growth needn’t require a war.... It is no exaggeration to say that America won the war abroad and the peace at home at the same time. No doubt the historical conditions of America's economic surge during World War II were singular. But we have much to learn...

Itamar Drechsler & al.: þe Financial Origins of þe Rise & Fall of American Inflation https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3538569: ‘We argue that its rise was due to the imposition of binding deposit rate ceilings under the law known as Regulation Q, and that its fall was due to the removal of these ceilings.... The degree to which Regulation Q was binding has a large impact on local inflation.... In the presence of financial frictions the Fed may be unable to control inflation regardless of its policy rule…

More "but umbrellas cause rain!" journamalism from the Wall Street Journal: Donald Luskin: þe Failed Experiment of Covid Lockdowns https://www.wsj.com/articles/the-failed-experiment-of-covid-lockdowns-11599000890: ‘New data suggest that social distancing and reopening haven’t determined the spread…

McCormick: Maryland Crab Soup Recipe https://www.mccormick.com/old-bay/recipes/soups-stews/old-bay-maryland-crab-soup

Collider: Best Movies on Netflix Right Now (September 2020) https://collider.com/best-movies-on-netflix-streaming

Raymond Chandler: þe Simple Art of Murder https://github.com/braddelong/public-files/blob/master/readings/book-chandler-murder.pdf...

Colin Leys (1982): Samuel Huntington & þe End of Classical Modernization Theory https://github.com/braddelong/public-files/blob/master/readings/article-leys-1982-huntington.pdf...

Plus

Christopher Tassava: þe American Economy during World War II https://eh.net/encyclopedia/the-american-economy-during-world-war-ii/: ‘The federal government emerged from the war as a potent economic actor, able to regulate economic activity and to partially control the economy through spending and consumption. American industry was revitalized by the war, and many sectors were by 1945 either sharply oriented to defense production (for example, aerospace and electronics) or completely dependent on it (atomic energy). The organized labor movement, strengthened by the war beyond even its depression-era height, became a major counterbalance to both the government and private industry. The war’s rapid scientific and technological changes continued and intensified trends begun during the Great Depression and created a permanent expectation of continued innovation...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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