Links (7/4/18)

• America the Loser - J. Bradford DeLong
• Let unions erode at your peril - Financial Times
• Optimal inflation and the identification of the Phillips curve - VoxEU
• Computerisation, routinisation, and aggregate productivity - VoxEU
• The direct and indirect real effects of credit supply shocks - VoxEU
• Larry Kudlow’s specious supply-side tax cut claim - The Boston Globe
• Radical Democrats Are Pretty Reasonable - Paul Krugman
• A jobs guarantee — progressives’ latest big idea - Larry Summers
• What Does Daylight Saving Time Really Save? - Severin Boernstein
• Trump’s Taking Us From Temper Tantrum to Trade War - Paul Krugman
• Devaluation Risk Makes China’s Balance of Payments Interesting (Again) - Brad Setser