Aug 18th 2010, 21:29 by R.A. | WASHINGTON
TODAY'S recommended economics writing:
• Tensions rise in Greece as austerity measures backfire (Spiegel)
• Aggregate demand forecasts are falling (David Beckworth)
• What is happening with bond prices? (Brad DeLong)
• Where the jobs will be (Creative Class)
• The judgment deficit (Harvard Business Review)
• Mel Brooks and the bankers (Vox)
In this blog, our correspondents consider the fluctuations in the world economy and the policies intended to produce more booms than busts. Adam Smith argued that in a free exchange both parties benefit, and this blog's aim is to encourage a free exchange of views on economic matters.
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"Tensions rise in Greece as austerity measures backfire (Spiegel)" According to socialists, the rioting is supposed to take place in the more capitalist countries. What happened to their theory?
On the Brad DeLong piece, be sure to read Neil's comment. Does anyone more knowledgeable than me know if this is true (undelivered bonds, with a promissory system that could collapse)?