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German Finance Minister Wolfgang Schäuble shares his thoughts on the Greek financial crisis in an interview with DER SPIEGEL.

Bryan Caplan wonders if the Icelandic volcano will increase support for geoengineering to combat climate change, noting that public perception often outweighs facts. via Econlib.

Bryan Caplan responds to Tyler Cowen's question about the causes of sustained high unemployment, suggesting it's more nuanced than just workers being "stubborn" about wage cuts. via Econlib.

This blog post discusses a paper by Harald Uhlig that argues fiscal stimulus can lead to negative long-term growth despite short-term benefits. via ThinkMarkets

This 2010 blog post from Overcoming Bias explores the possibility of airlines and travel websites using cookies to manipulate prices for customers.

Economist Steven Landsburg uses a science fiction novel about people who overselling shares of their future income and the example of Dean Martin to ponder if these contracts inherently invite fraud.

ThinkMarkets discusses differing viewpoints on the causes of unemployment, including Lawrence H. Summers' evolving stance from 1999 to 2010.

via ThinkMarkets

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.

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

Arnold Kling shares some quick thoughts on the preparedness of college students, the Greek debt crisis, and rising profits alongside declining employment in Forbes 500 companies. via Econlib

A volcano in Iceland erupted, causing flight disruptions across the UK, Ireland, and Scandinavia due to a massive ash cloud. via Slugger O'Toole