From City Journal, Theodore Dalrymple on inflation’s moral hazard: An age of loose money not only destroys savings — it corrodes character; whatever happened to the work ethic? Free markets require a constellation of moral virtues; and "too big to fail" must die: If we continue to subsidize irresponsible risk-taking, we’ll just get more of it. Bruce Bartlett asks the opponents of the stimulus: What should we have done? A look at how government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades. More on Barry Ritholtz’s Bailout Nation. The huge government bailout could have cost taxpayers $700 billion — now it looks like it might break even. Recessionary Road: Chadwick Matlin embarked on a three-week cross-country trip to discover what the stimulus looks like from the ground up. The new joblessness: It’s different than other recessions — it’s worse than you think (and more). Can antidepressants end the recession? The Washington Post asks economists whether the worst of the recession is over. Nouriel Roubini on why people should stop asking when the recession will end. The recession is over — now what we need is a new kind of recovery. What recovery looks like, from Carmen Reinhart, a fair-and-balanced economist.


From Vanity Fair, in 2006, Henry Paulson reluctantly became Treasury secretary for an unpopular, lame-duck president — history will score his decisions. Lecturing Bernanke: The Fed chairman's old teacher Stanley Fischer worries that Washington isn't fixing the too-big-to-fail issue. Has the Federal Reserve responded too slowly to macroeconomic conditions during the crisis? Seth Hettena reviews In Fed We Trust: Ben Bernanke's War on the Great Panic by David Wessel (and more and more and more and more and more). What’s the biggest challenge Mr. Bernanke faces in his second term? Alan Blinder on the Fed's political problem: How politics threatens U.S. monetary policy. Are the golden years of central banking over? From The Nation, dismantling the Temple: William Greider on how to fix the Federal Reserve; and in naming Phil Angelides as chair of the new Financial Crisis Inquiry Commission, Congress has picked an aggressive, visionary reformer. Luigi Zingales on a new regulatory framework: Three agencies, based on the three main goals of financial regulation. Sheila Bair on the case against a super-regulator. Taming Wall Street Cowboys: American for Financial Reform, a new advocacy group, heads to Capitol Hill to counter financial industry lobbyists hungry for deregulation.


The Desktop Manufacturing Revolution: The end of the current production-manufacturing economic model may be on the horizon — but what if nothing's ready to replace it? More and more, "production" — that word economists have worked over for generations — has become interior to the human mind rather than set on a factory floor. Money for Nothing: Two new studies indicate that Wall Street's profits and bonuses are vastly disproportionate to the value the industry adds to the economy. Here are the sources of wealth from which the most wealth has been derived by members of the first annual to most recent Forbes 400s. The Aristocracy and its discontents: What does the court battle over Brooke Astor’s estate tell us about the American upper class? A review of Rich: The Rise and Fall of American Wealth Culture by Larry Samuel (and more). An interview with Will Samson, author of Enough: Contentment in an Age of Excess. A User’s Guide to Not Getting Ripped Off: Ben Popken and The Consumerist harness the social web to empower shoppers and embarrass corporate bullies. Combatting Idiocracy: An interview with Carrie McLaren, author of Ad Nauseam: A Survivor's Guide to American Consumer Culture. A review of Consuming Traditions: Modernity, Modernism, and the Commodified Authentic by Elizabeth Outka.


From the latest issue of Bookforum, a special section on work: Andrew Ross reviews Shop Class as Soulcraft by Matthew B. Crawford and The Pleasures and Sorrows of Work by Alain de Botton (and more); Gregory Sholette reviews Art Workers: Radical Practice in the Vietnam War Era by Julia Bryan-Wilson; and more. From Forbes, a special report on workland, including Tim Harford on why your boss is overpaid; why Europeans work less than Americans — could higher tax rates and more regulation in the workplace actually be a good thing?; and why do the rich keep working? From BBC, just what constitutes a "big" salary these days? Can you scan 800 barcodes an hour, say "thank you" 500 times each day? Then you could have what it takes to be a supermarket cashier — but you might regret it. A review of Steven Greenhouse's The Big Squeeze: Tough Times for the American Worker. A review of A Working Stiff's Manifesto: A Memoir of Thirty Jobs I Quit, Nine That Fired Me, and Three I Can't Remember by Iain Levison. Inside the pre-Internet office: Ed Park recalls a time in the office when copy editors quietly read 17th-century treatises on human emotion. From work ethic to workaholicism: On John Calvin's five-hundredth birthday, Para Mullan traces how work has come to be seen as a Bad Thing (and more). Should Thursday be the new Friday? A look at the environmental and economic pluses of the 4-day workweek.

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