Best day of the week – best links from Giorgi!

1. A short note about inflation targeting pros and cons from Economics Blog.

2. Bloomberg tells us how the banks really became “too big to fail”.

3. The Economist tells us about yet another reason to envy China. At least, from India’s point of view.

4. Noah Smith tells us, what a college education is really about.

5. Nick Rowe has a new (at least for economists) meaning for the word “nonlinearity” and tells us what problems are there with linear and nonlinear presenting of economics. And, oh, more promotion of NGDP level path targeting from him as well.

6. And some more support of NGDPLPT – from the Money Illusion blog.

7. Finally, for today’s slightly short post – a very insightful commencement speech at Wellesley High School (MA), given by English teacher David McCullough Jr.