Links for 2012-01-12

• Why Is Inequality Higher in America? - The Monkey Cage
• Congress Should Start Minding the Tax Gap - CBPP
• Are We Almost Out of the Liquidity Trap? - Paul Krugman
• Why "saving" should be abolished - Nick Rowe
• Kocherlakota Shines Light on Fed Meetings - WSJ
• Welcome, economist, to the desert of the real - Noahpinion
• How Inequality Damages Economies - Foreign Affairs
• Understanding the Literature of Economics... - Brad DeLong
• Europe’s Vicious Spirals - Barry Eichengreen
• Why Mortgage Refinancing Is Not a Zero-Sum Game - Liberty Street
• Reducing Petroleum Consumption from Transportation - Econbrowser
• Bazookas, Bailouts and Fiscal Policy - Antonio Fatas
• The slow recovery, PSST, plucking, and skewed news - Nick Rowe