Brendan Greeley:

Economists don’t get controlled experiments, so they have to take countries as they are. Right now, Estonia seems to show that monetary and fiscal restraint can, after pain, create growth. “If you look back, the crash is very good,” says Palmik.



Not surprisingly, Estonia, a country with 1.2 million people, has been offered as a model by advocates of austerity in Europe and elsewhere. On the far side of the Atlantic, however, Nobel prize-winning economist and New York Times columnist Paul Krugman has been arguing for years against this kind of restraint, saying it leads to pointless misery. The argument is central to the future of the U.S.—and most other countries, too.



On June 6, in a blog post titled “Estonian Rhapsody,” Krugman took on what he called “the poster child for austerity defenders.” In his post, he graphed real GDP from the height of the boom to the first quarter of this year to show that, even after a recovery, Estonia’s economy is still almost 10 percent below its peak in 2007. “This,” he wrote, “is what passes for economic triumph?”

Roberto Baldwin:

Hey, city slicker: Erase all preconceived notions about the technological competence of rural America. As you drive past all those rolling, pastoral fields during your summer road trips, you might be lulled into thinking our farmers and ranchers are stuck in the 1950s — or maybe even homogeneously Amish. But think again: The people who work the land are using technologies that rival what’s coming out of the world’s most advanced R&D labs.

Hell, they’re actually using technologies that come out of advanced R&D labs.

From autonomous tractors to robot fruit pickers to cow milking machinery of amazing complexity (see image above, and our explanation below), rural America is on the cutting edge. So throw away your twee, urban biases of country folk. They’re using the technology of the future to feed us all — and this holds true for the local produce, meat and poultry that you’re going to buy this weekend at the farmers market.

Ed Wallace:

Think of it this way. During the Financial Panic of 1893, considered the worst depression to hit America since its birth, those involved in electric utilities systems suffered not a bit because electricity was a growth market. Henry Ford, working as the chief engineer for Detroit Edison at the time, never worried about losing his job or having enough spare money to build his first automobile. That was also the period in which electric trolleys and the interurban rails came to most cities; and those manufacturers, the rail systems’ owners and the workers who installed them also went through that Panic virtually unscathed. Thomas Edison built his first movie studio in New Jersey the year of the financial collapse; and he certainly didn’t go out of business for lack of demand for his short films.



Even when the dotcom bubble burst in the late 1990s, it didn’t affect the progress made in expanding the Internet – or in the improvement in high-speed connections, video streaming or the expansion of commerce online. All those things dramatically improved during that collapse.

Katherine Markovich:

Dear People Who Take Pictures of Food With Instagram,

Just because the picture looks artsy doesn’t mean you are. I get it. We all went through our creative, experimental stages. There is a period in all of our lives where we think we can probably make money off our pseudo-artistic talent of choice. And now, you think you are a photographer because Instagram does the work for you. Do you have to focus anything? Do you have to worry about lighting? Do you have to think at all? Not really. You are part of a fast growing legion of people that have been duped into believing they are visionaries, auteurs, even.

“<3 <3 Gorgeous day for lunch outside <3 <3,” you post to the image of a set of railroad tracks behind a McDonald’s.

John Maeda:

As a graduate student at MIT, I stumbled upon a thin, nondescript book called “Thoughts on Design” by Paul Rand. At the time I was building a reputation for myself as being a gifted graphical user interface designer. However, as I flipped through Rand’s book I was humbled by the power with which he manipulated space and at the same time struck by the clarity of his accompanying prose. I was immediately inspired to pursue the field of graphic design, not necessarily pertaining to the computer.



It is ironic that 8 years later, I would return to MITas a professor of design, and that I would host a lecture by Paul Rand at MIT, which I did on November 14 of last year. The time for the lecture was set at 10am. For those familiar with how an American university works, an early lecture is very rare because students usually study late into the night and are less apt to attend events in the morning. But Rand insisted that he speak in the morning. He said, “If someone isn’t willing to wake up to hear me to speak, I don’t want to speak to them!”

Thomas Ricks:

I’ll read anything by Andrew Krepinevich, the fine strategic thinker who bears a strong resemblance to Dwight Eisenhower circa 1939. Right now my subway reading is a new essay he has done with Barry Watts titled “Regaining Strategic Competence.”

I was especially intrigued by the list of 10 common strategic blunders they attribute to business strategy expert Richard Rumelt:

Kyle McDonald:

Maybe an email, or a phone call from Apple. Instead, my first indication that something was “wrong” was a real-life visit from the organization best known for protecting the President of the United States of America.

They rang the doorbell a few times. It woke me up, and I tried to ignore it. There were always kids playing with the doorbells in our apartment building. But the kids don’t normally shout, “this is the Secret Service, open the door,” so I took that as my cue to get out of bed.

I cracked the door open a few inches, and an agent was already leaning into the frame. He explained that he was from the Electronic Crimes Task Force, and that they had a search warrant. Under different circumstances it could have been quite cinematic, but it was an incredibly hot summer morning in Brooklyn. I was tired, and wearing only gym shorts. I saw the two agents behind him look me up and down, and they relaxed.

I told them I’d be glad to help however I could, and invited them in.

“Are there any drugs or weapons in the house?”

Dr. Dobbs:

In June of this year, the Association of Computing Machinery (ACM) celebrated the centenary of Alan Turing’s birth by holding a conference with presentations by more than 30 Turing Award winners. The conference was filled with unusual lectures and panels (videos are available here) both about Turing and present-day computing. During a break in the proceedings, I interviewed Alan Kay — a Turing Award recipient known for many innovations and his articulated belief that the best way to predict the future is to invent it.

[A side note: Re-creating Kay’s answers to interview questions was particularly difficult. Rather than the linear explanation in response to an interview question, his answers were more of a cavalcade of topics, tangents, and tales threaded together, sometimes quite loosely — always rich, and frequently punctuated by strong opinions. The text that follows attempts to create somewhat more linearity to the content. — ALB]

Teddy Ng:

The 21 years that Li Wangyang spent in jail for his pro-democracy activism after 1989 made him a virtual unknown on the mainland.

But his suspicious death on June 6 sparked uproar in Hong Kong and widespread concern about the ongoing persecution of activists on the mainland.

Dan Cooper:

Yancey County is located in the mountainous western stretch of North Carolina, about 45 minutes from Asheville. The county’s population is less than 18,000, and yet it has two local papers to serve it: the Yancey Common Times Journal, which has been in publication more than a hundred years, and the “other” newspaper, the Yancey County News, founded in 2011. The paper’s masthead lists only two people—husband and wife Jonathan and Susan Austin—but nevertheless, its first year out, the Yancey County News has won two major journalism awards, the E.W. Scripps Award for Distinguished Service to the First Amendment and the Ancil Payne Award for Ethics in Journalism.

The prizes were both awarded for stories reporting on corruption in the county’s official channels. In one series, the paper revealed that the county’s deputy-sheriff had pawned county-owned firearms for personal gain; another series uncovered absentee ballot fraud, voter coercion, and voter anonymity rights violations in the county. Juries for both awards recognized not only the quality of the reporting, but the extraordinary efforts necessary to get such reporting done in a paper’s first year of existence.