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  TimesPeople recommended a video:

  Nov 5, 2011

  The Lost Secret of Running

  http://www.nytimes.com/2011/11/06/magazine/running-christopher-mcdougall.html

  The Once and Future Way to Run

  

  Jorg Badura for The New York Times

  Runners on Governors Island.

  By CHRISTOPHER McDOUGALL

  Published: November 2, 2011 

  Enjoy running.  What a concept!
   
  http://marathon.blogs.nytimes.com/2011/11/06/already-set-to-sign-up-for-next-year-not-so-fast/ 
  "Come Monday, anxious runners will have to wait. That’s because the New York Road Runners is still negotiating with the New York Police Department, which plans to charge the club next year to offset some of the costs associated with controlling traffic."
  The Republicans are really greedy.  
  Shutting down the highways one Sunday a year is not too big a public sacrifice for this religion.
• 

  TimesPeople recommended a blog post:

  Nov 5, 2011

  Tax Policy and Americans' 'Last-Place Aversion' - Room for Debate

  http://www.nytimes.com/roomfordebate/2011/09/19/do-taxes-narrow-the-wealth-gap

  • 'Last-Place Aversion'

    Ilyana Kuziemko, Princeton University, and Michael I. Norton, Harvard Business School

  What explains the recurring tendency of lower-income Americans to vote against their own economic interests.

  Could be this.  The argument is a micro consideration of a macro problem.  

  Micro Economics is the subject studied in business school.

  The initial assumption of micro is that money is real.  For non-bank businesses this is correct.  Business students are not going into banking.  People learn microeconomics every day they live.  If they do not they have tenure or other trust funds or they are "on the dole". 

  Germany and the ECB and the IMF and the GOP are all slaves to the micro view.  The Federal Reserve Board in so far as it is a political creature also follows this orthodoxy.  

  Under these assumptions Andrew Mellon was right.

  We learned once that he was not right.  We are learning that again.

  Macro Economics is the study that resulted when people realized that Micro did not work at large scale.

  The first axiom of macro is that all money is debt.

  The gold standard people find the thought deeply distressing.

  http://en.wikipedia.org/wiki/Keynes 

  Keynes's magnum opus, the General Theory of Employment, Interest and Money

  Gets it right.  Nothing that gets it right written since refutes him.

  FDR had not read him when he had to fix the Great Depression.

  General Marshal had read and understood Keynes when he rebuilt Europe.

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