A new issue of Judgment and Decision Making is out. From Wired, Felix Salmon on the secret formula that destroyed Wall Street. From Foreign Affairs, Richard Katz on The Japan Fallacy: Today's U.S. Financial Crisis Is Not Like Tokyo's "Lost Decade"; an essay on The Geoengineering Option: A Last Resort Against Global Warming?; a review of Egypt After Mubarak: Liberalism, Islam, and Democracy in the Arab World by Bruce K. Rutherford; and Michael D. Bell (Windsor), Daniel C. Kurtzer (Princeton), and Prem G. Kumar (CFR): The Missing Peaces. Bill McKibben and Wendell Berry call for mass civil disobedience against coal. We're on the brink of disaster: Violent protests and riots are breaking out everywhere as economies collapse and governments fail — war is bound to follow. From Standpoint, it's fashionable to say the US is in terminal decline — don't bet on it, still less wish for it; to hell with niceness: The spread of political "compassion" has led to the breakdown of family and school discipline; and a review of The Vanishing Face of Gaia by James Lovelock and He Knew He Was Right by John Gribbin and Mary Gribbin. Brad DeLong on why the Obama deficit-spending plan will (probably) work. Americans are going to have to pay higher taxes in order to continue to field a strong military and maintain popular programs like Medicare.
