The first one is a New York Fed's researcher's convincing argument about why we should be paying very close attention to the policy mistakes of 1937. They unnecessarily prolonged the Great Depression and sadly, one can not rule out a repeat performance seventy-odd years later.
The second one is the best explanation I've read so far of the seemingly irrational strength of the Euro. Pointing out that the author of this explanation is none other than Paul Krugman might discourage some people from reading it, but then again, those people don't read my blog. Oh, and by the way, I also found the first article on Paul's blog, so there.
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