- The US wants to solve its debt problems by minting a $1 trillion coin? Simpsons did it.
- Could drones spell the end for courier companies? (H/t Kottke.)
- Why I love the blogosphere: you come across gems on niche subjects such as History is Made at Night: The Politics of Dancing and Musicking. (H/t Fistful of Euros.)
- China's young conformist: a review of prominent blogger Han Han's latest book.
- 'The history of the world is really the history of energy.'
- Architectural piracy: China's copycat buildings 'are not mere follies, but monumental assertions of China's global primacy.' (Thanks Tim.)
- SMH economics writer Peter Martin's latest column about economic forecasting is a cracker (thanks Martine):
A year ago only two of the panel of 20 professional forecasters assembled for this newspaper's BusinessDay economic survey picked an Australian dollar above $US1. They were the only two that were right. This time only four picked an Aussie below $US1.
There's a reward for staying with the pack. You'll keep your job if you are wrong in good company, even if the people who act on your advice lose the lot. The shocking and little-acknowledged truth is that most expert forecasts are wrong. Not only wrong, but more wrong than if they had been generated at random.