Another Friday – and more interesting links from your EJ[1] Giorgi.

1. David Glasner along with Paul Krugman discusses, whether Milton Friedman was really a closet Keynesian. What a pity Freud didn’t live to see this discussion.

2. Interesting link from Michael Fuenfzig – would Georgians really save more if the Georgian language didn’t have an explicit future tense? I doubt that – we already live as if there is no tomorrow!

3. Mark Perry shows once again that markets can be in everything – this time he discovers professional line-standers. Although he talks about lines to congressional and judicial hearings, I can guess that they work the most in March and in October – when new iPads and iPhones are due. Boy, they must love Apple.

4. Econbrowser discusses a new and interesting paper by Stock and Watson on the channels of the 2007-2009 recession. The comments there are interesting as well.

5. Megan McArdle from the Atlantic talks about whether one of the libertarians’ dreams – private free-market roads – are really achievable in a truly libertarian way.

6. Karl Smith from the Modeled Behaviour compares the last two US recessions.

7. Gizmodo has a quite long but, in my opinion, a must-read Case against Google.

8. An important guide for any prospective Ph.D. student (ISET students, I’m talking to you!). It is Australian-based but the general principles remain the same in Georgia, I think.

9. Especially for Zak – what do string theory and DSGE have in common. Yes, you’re right – they both are failures. In a way.

10. And some more on DSGE and micro-foundations from my neck of the woods this time – micro-foundations and Central Banks.

11. Martin Wolf from the FT talks about the interest rates and capital flows. Do read.

12. And finally, a nice piece of advice from the Worthwhile Canadian Initiative on how to explain PPP together with the difference between conditional and unconditional forecasts. Very neat!

[1] As in DJ, only for economists.