The key to accelerating the recovery is not to generate unsustainable consumption, as Mian and Sufi propose. Rather, we must find sustainable uses for risk-averse savings
Mian and Sufi make a big deal over the fact that consumer spending fell in places where housing prices fell. Conard suggests that this is because consumers in those areas were spending at an unsustainable rate, based on capital gains in housing that disappeared.
Laplante said he expects all 50 states to require software engineering licenses within the next decade, and possibly much sooner.
Not surprisingly, most software engineers endorse this. [UPDATE: from the article “The licensing effort was supported by nearly two-thirds of software engineers surveyed in a 2008 poll.” Commenters on this blog dispute that most software engineers endorse licensing. They may be correct.] But it is really, really, not a good idea. Bad software may be created by coders. But its cause is bad management. The typical problems are needlessly complex requirements, poor communication in the project team between business and technical people, and inadequate testing.
I would favor licensing for journalists if I thought that it would keep incompetent stories like this one from appearing. But I don’t think that would work at all.
The pointers to both of these are from Tyler Cowen.