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Arnold Kling believes David Levine's new paper on economic crises and capitalist economies is an important economic theory.

David Friedman proposes a solution to state pension problems by limiting the enforceability of state contracts to the term of the current governor. This would force governors to fund pensions while in office or explore alternatives.

via Ideas

Tyler Cowen discusses economics found in blogspam, including CAPTCHA arbitrage and the necessity of attracting human readers. via Marginal REVOLUTION

A research paper found that male chess players take riskier strategies against attractive female opponents, but this does not improve their performance. via Marginal REVOLUTION

John Cassidy of The New Yorker discusses Ireland's economic struggles, arguing that austerity measures have worsened the recession.

via The source of this content is The New Yorker.

Warren Buffet argues that wealthy individuals should pay higher taxes, claiming that tax cuts for the rich haven't worked.

via The source of this content is HuffPost.

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

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

This blog post argues that the federal deficit can be eliminated without raising taxes, and points to a New York Times article that allows readers to experiment with different ways to reduce the deficit. via The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics

Tyler Cowen agrees with Brad DeLong's fiscal plan but believes the "commit immediately" rhetoric is unrealistic, offering alternative measures in his own fiscal recipe. via Marginal Revolution

Ron Paul might be appointed to oversee the Federal Reserve. via The source of this content is Marginal REVOLUTION.

Robin Hanson proposes results-blind journal review to combat bias by having authors submit two opposing conclusions and reviewers justifying rejections on methodology.