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Web Only: the best of the blogs

The five must-read blogs from today, including Paul Krugman on how the US is paying down its debt.

1. Debt And Transfiguration

The US is doing better at deleveraging than countries that talk much more about the evils of debt, notes Paul Krugman.

2. Cabinet fight over trade unions and lobbying

Trade unions could be listed on a new register of lobbyists, because of the influence they have over the Labour Party, reports the Independent's Jane Merrick.

3. Jon Cruddas wades in on responsible capitalism debate

The Guardian's Patrick Wintour reports that Cruddas has called for all shareholders to be forced to disclose their voting practice.

4. What's the most effective way of ensuring fair wages for low earners?

Liberal Democrat Voice's Prateek Buch looks at how the government could boost the wages of the working poor.

5. Tax morale and self-fulfilling beliefs

Stumbling and Mumbling's Chris Dillow writes that years of neoliberal ideology have increased people's willingness to dodge taxes.