Read — 2012/08/16
Today’s selection of articles includes:
- “Microbes Maketh Man” (The Economist).
- “Me, Myself, Us” (The Economist).
- “Tending the Body’s Microbial Garden“, by Carl Zimmer (NY Times).
- “Earthly Concerns” (The Economist).
- “The Man with the Plan” (The Economist). An article on Republican presidential candidate Mitt Romney’s running mate Paul Ryan, applauding Ryan’s calls for reducing the federal deficit and for reforming Medicare and the tax system, praising his clarity, and challenging his vague implementation plans and budgetary single-mindedness.
- “On the Origin of Specie” (The Economist). An article surveying the role of money and the theories of its origin. Menger (1892) proposed that money arose to solve the “double coincidence of wants” problem associated with bartering. Goodhart (1998) “Cartalist” theory argued that money allowed governments to measure the income of — and tax — its citizens; money also allowed governments to raise seigniorage revenue. The article closes with words of warning to the Euro’s “divorce between the main monetary and fiscal authorities”.