Links for 12-31-17

In French Polynesia with spotty connectivity. For now:

• The Gambler’s Ruin of Small Cities (Wonkish) - Paul Krugman
• Economic outcomes are not invariant to the monetary policy rule - Brad DeLong
• Don't even try to "Normalise" interest rates - Nick Rowe
• Is history probabilistic? - Understanding Society
• Quantitative easing and bank risk taking - Kandrac and Schlusche
• Fighting against Normalization of Lying - Econbrowser
• Monopolies May Be Worse for Workers Than for Consumers - Bloomberg
• Does Economic Theory Entail or Support Free-Market Ideology? - Uneasy Money
• The Role of Academia in Tumultuous Times - Tim Taylor
• The Impact of Electricity on Economic Development - Stochastic Trend
• Rent for the Poor Really Is Too High - Bloomberg