1. Is ‘Fiscal Cliff’ a Keynesian Topography Mistake? (Bloomberg View)
Caroline Baum presents a very monetarist view of the “fiscal cliff” – is it even an issue?
2. Can national statistics be self-fulfilling? (Reuters)
Felix Salmon looks at the possibility that by declaring recession, we now may be inevitably in a recession.
3. Ben Bernanke vs. Paul Krugman (Washington Post | Wonkblog)
Ezra Klein acts as an impartial adjudicator in the battle between two American heavyweights.
Owen Jones argues for a convincing left-wing alternative to the coalition’s economic dogma.
5. Death of a Fairy Tale (New York Times)
Paul Krugman celebrates the death of austerity.