Links for 12-12-2012

• Delusions of Wisdom - Paul Krugman
• Remembering Albert Hirschman - Rajiv Sethi
• America's kids need more government spending - Lane Kenworthy
• When government does things better - Michael Hiltzik
• Fiscal Cliff May Unbuild America - Peter Orszag
• Human Versus Physical Capital - Paul Krugman
• Are High College Costs Redistributive? - Mike Konczal
• Social Security: Best-Funded Government Program - Big Picture
• The recovery: In search of "natural" velocity - The Economist
• 300 Years in the Convent... - Acemoglu, Robinson, and Querubín
• Washington’s Definition of Middle Class - owenzidar
• Rock-Bottom U.S. Mobility Rates - Tim Taylor
• The Real Long-Term Budget Challenge - Bruce Bartlett
• American Tariffs, Bangladeshi Deaths - NYTimes.com
• The Slow Growth in Investment - Econbrowser
• Fed Update - Stephen Williamson