When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Brad DeLong posted these very interesting excerpts from Ron Suskind's new book Confidence Men on his blog:





Maybe this is part of the "women problem" Maureen Dowd mentions in her recent column. But I thought that column was pretty fluffy, battle-of-the-sexes stuff, whereas this Suskind passage is great. Who would have thought that lightbulb would go off in Larry's head?
--Chris Sturr