Of American prosperity

Saule T. Omarova (UNC): The Merchants of Wall Street: Banking, Commerce, and Commodities. Kimmo Eriksson (Stockholm) and Brent Simpson (South Carolina): What Do Americans Know About Inequality? It Depends on How You Ask Them. From The Atlantic Monthly, Charles Fishman on the insourcing boom: An exploration of the startling, sustainable, just-getting-started return of industry to the United States; and James Fallows on how labor developments in China and new technology in the U.S. may reverse the decades-long relocation of American jobs to Asia. There is a big and growing bubble in farm land prices across the Midwest, and this bubble will pop, sooner or later — the result will be a rash of failed farms and rural misery. From City Journal, Guy Sorman on a brief history of American prosperity: An entrepreneurial culture and the rule of law have nourished the nation’s economic dynamism. David R. Henderson reviews A Capitalism for the People: Recapturing the Lost Genius of American Prosperity by Luigi Zingales. From the series “The United States of Subsidies”, as companies seek tax deals, governments pay high price. CEOs talk about shared sacrifice, but the only thing they want to share is your retirement money with their wealthy friends.