Quick links to a few items I found of interest.
Scott Irwin explains the facts to the New York Times.
Greg Mankiw summarizes why Stanley Fischer is a great choice for vice chair of the Federal Reserve.
Tyler Cowen finds it “amazing how the single largest extension in the responsibilities and fiscal obligations of the Irish state– ever– has been turned into a PR defeat for the idea of fiscal conservatism.”
Shell Oil’s profits are declining as it copes with lower production from old fields and increasingly expensive and risky sources for producing new oil.