-The Civil War started 150 years ago today when
federalConfederate troops fired on Fort Sumter.
-And fifty years ago today, Yuri Gagarin became the first man to enter space.
-Mike Whitney on Keynes, coming from something of a Post-Keynesian perspective. It's a casually written article, but good I suppose. I think he downplays the role of the interest rate in Keynes's thought far too much using precisely the selective quotation that he decries in others. For example, in the part where he discusses Keynes's skepticism of monetary policy Keynes is actually advocating monetary policy, but simply wondering whether it will be sufficient.
-The "Adam Smith Problem" that you usually hear regards the vastly overstated contrast between The Wealth of Nations and Moral Sentiments. Brad DeLong introduces a different version, presenting two views of human nature that appear in The Wealth of Nations itself.
-Good news from Maryland - it's dropping some protectionist wine laws.