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David Henderson shares an article arguing against "buying local" because energy spent on transporting food is less significant than other factors. via Econlib

Asset allocation recommendations from Burton Malkiel are charted out in this blog post from Greg Mankiw. via The source of this content is Greg Mankiw's Blog.

Harvard economics professor Greg Mankiw shares observations and advice for students on his blog.

The CIA created a task force to assess the damage from leaked diplomatic cables, including information about the CIA's request for data on UN figures.

via The Guardian

David Friedman shares a conjecture that behavioral economics could be key to understanding macroeconomics, such as business cycles, even if it doesn't impact microeconomics much.

via Ideas

John Papola's criticism of behavioral economics sparks a debate in the comments section, mainly between himself and Daniel Kuehn, on government power, Keynesianism, and Austrian economics. via Econlib

Research from Eric Hanushek, highlighted by Greg Mankiw, finds that teachers exceeding average effectiveness could generate over $400,000 in present value of their students' future earnings.

via Greg Mankiw's Blog

A loaded handgun was accidentally brought through TSA security at Bush Intercontinental Airport in Houston when a passenger says he forgot it was in his computer bag. via The source of this content is Consumerist.

WIRED offers the latest news and insights on technology, science, culture, and business. via WIRED

Alex Tabarrok of Marginal Revolution discusses the ethics of random clinical trials, citing a New York City housing program that drew criticism.

The Department of Homeland Security is partnering with Walmart to display video messages reminding people to report suspicious activity.

This blog post compares the argument that unemployment relief encourages unemployment to the idea that emergency rooms encourage drunk driving. via ThinkMarkets