2010

Arnold Kling discusses Tyler Cowen's fiscal problems ideas, highlighting spending restraint in smaller countries while questioning the US ruling class's ability to address similar challenges. via Econlib.

Tyler Cowen examines Canada's successful government spending cuts in the 1990s, arguing that high social trust may have been key to their success. via The source of this content is Marginal Revolution.

George Washington borrowed two books in 1789 and never returned them, racking up $300,000 in late fees at a New York library. via The source of this content is BBC News.

This blog post examines why some laws are reliably enforced while others are left to the discretion of authorities, contrasting private and centrally-enforced law.

via Overcoming Bias.

Steve Randy Waldman criticizes Goldman Sachs' ethics in creating and marketing a synthetic CDO called ABACUS.

Al Jazeera's live news updates cover Hezbollah rocket attacks on Haifa and Israel's bombing of Lebanon. via The source of this content is Al Jazeera.