Links for 12-28-16

• Tariffs and the Trade Balance (Wonkish) - Paul Krugman
• The Age of Incompetence - J. Bradford DeLong
• The returns to societal capital - Dietrich Vollrath
• More on Orthogonal Regression - Dave Giles
• Why Hayek Was not a Conservative - Uneasy Money
• A Letter to Donald Trump About Health Care - David Leonhardt
• Is the AER Replicable? And is it Robust? - Replication Network
• Price Controls in the Colonial United States - Tim Taylor
• Why Low Rates Failed to Boost Business Investment - Noah Smith
• How a Budget Chief Can Wreak Havoc - The New York Times