Links: Political Economy

• William Greider, Dismantling the Temple, The Nation, 15 July 2009 [03 August 2009 printed edition].


• * Karl Denninger, Economic Bottom Calls: Willful Ignorance, The Market Ticker, 08 August 2009.
  
  Again: this recession is different (worse than any previous post-WWII recession); and the reasons why it's worse require attention.


• Tyler Durden, Open Market Operations and Statistics, zero hedge, 08 August 2009.
  
  Very good analysis illustrating how the Fed throws money at the banks.


• Eva Joly, Iceland is being blackmailed, The Iceland Weather Report, 06 August 2009.
  
  Michael Lewis, Wall Street on the Tundra, Vanity Fair, April 2009.
  
  Toby Sanger, Iceland's Economic Meltdown Is a Big Flashing Warning Sign, AlterNet, 21 October 2008.
  "Iceland followed the prescriptions of a right-wing ideologue, and its economy paid a severe price."


• * Mark Weisbrot, US economic myths bite the dust: America is not the internationally competitive land of small businesses that politicians love to tout, guardian.co.uk, 13 August 2009.
  
  via: t r u t h o u t.


• Thomas Piketty and Emmanuel Saez, Income Inequality in the United States, 1913-1998 [PDF], Quarterly Journal of Economics, volume 118, number 1, 2003, pages 1-39.
  
  Thomas Piketty and Emmanuel Saez, Income Inequality in the United States, 1913-2002 [PDF], November 2004. [Published in: A.B. Atkinson and T. Piketty, editors. Top Incomes over the Twentieth Century: A Contrast between European and English-Speaking Countries. Oxford University Press, 2007.]
  
  Emmanuel Saez, Tables & Figures updated to 2007 [XLS].
  
  Emmanuel Saez, [Summary for the broader public] Striking it Richer: The Evolution of Top Incomes in the United States (Update with 2007 estimates) [PDF], 05 August 2009.
  
  via: Income Inequality Is At An All-Time High: Study, The Huffington Post, 14 August 2009.
  
  Emmanuel Saez, Income and Wealth Concentration in a Historical and International Perspective, 21 February 2004. [Published in: A. Auerbach, D. Card, and J. Quigley, editors. Public Policy and the Income Distribution. Russell Sage Foundation Publications, 2006.]


• Karl Denninger, Why "Normal" WILL NOT Return, The Market Ticker, 16 August 2009.


• Tyler Durden, A Detailed Look At The Stratified U.S. Consumer, zero hedge, 15 August 2009.


• Jesse, Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong, Jesse's Café Américain, 20 August 2009.


• Stephen Amidon, Why I love Britain's socialized healthcare system, Salon, salon.com, 22 August 2009.


• Andy Xie, Boom and burst: Don’t be fooled by false signs of economic recovery. It’s just the lull before the storm, The Big Picture, 24 August 2009.
  
  Forecast for 2009 - 2011.


• Barry Ritholtz, Existing Home Sales Far Worse Than Advertised, The Big Picture, 24 August 2009.