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Assorted links
Marginal Revolution — 1. Ezra Klein's new food column. 2. Washington Post markets in everything?  The paper has yet to respond, so do be aware there may be another side to this story.  3. Why WalMart caved. 4. 1959. 5. The Kissing Experiment (2009). 6. The end of free banking in contemporary China. 7. California: The Haves and Have-Nots.

Surprise!
MV=PQ: A Resource for Economic Educators — I detect a pattern here. Captain Reneault is "shocked."

Scrivener.net — ... in the same way! Meanwhile, over on the Left Coast, the great state of California finds itself paying a good number of its obligations with IOUs, instead of money, as it enters a new fiscal year with a $26 billion deficit. This after all proposals to close the deficit have been stymied by Democrats who refuse to cut spending and Republicans who refuse to increase taxes. However, as to those obligations being paid with IOUs and money, it's interesting to see who's getting paid with what. [] Getting IOUs: Grants to aged, blind or disabled ...

It's good to work for the government . . .
Newmark's Door — . . . at least in California.

Links
self-evident — Apologies for my sparse posting. I have lately stopped goofing around at my day job, meaning I have to goof around in my spare time instead, leaving limited resources for blogging. Here are my favorite links from the last week or two. California: The haves and have-nots. With power comes privilege. Wall Street gears up to trade California IOUs. You couldn’t make this stuff up. Off-balance sheet Federal liabilities (Econbrowser). “Just how much has the U.S. government promised to pay?” Nothing terribly new here, ...

Thursday's Daily News
Club for Growth — ... Reagan Recipe on Fed, Taxes is Right Path - Amity Shlaes, Bloomberg The Expanding Fed Role - Richard Rahn, Cato Institute Markets Can Determine Drug Efficacy - D. Henderson & C. Hooper, Forbes The Public Option Two-Step - Wall Street Journal Editorial Robert Byrd Blasts ‘Cap and Trade’ - Joselyn King, Wheeling News-Register Senate Dems Look for 60 Votes on Climate Bill - Darren Samuelsohn, NYT California: The Haves and Have-Nots - Felix Salmon, Reuters Ten FEC ...

California IOU Update
Calculated Risk — ... spokeswoman for Chiang. And despite a plea from state Treasurer Bill Lockyer that banks extend their Friday deadline to accept the IOUs, most refused to do so. Citibank agreed to a one-week extension, while Bank of the West said it will accept IOUs until further notice. The banks that rejected extension requests include Bank of America, Wells Fargo, JPMorgan Chase and Union Bank ... And Felix Salmon has a nice chart on who gets paid cash, and who gets IOUs: California: The haves and have-nots And from Controller John Chiang yesterday: ...