Last week I wrote about an intriguing new book—The Puzzle of Modern Economics—that grapples with the question of whether economics is fatally flawed or only partially blemished, in which case it’s better than the alternative of throwing up your hands and screaming. Yesterday I stumbled across another recent addition to the genre of reassessing the dismal science that’s no less thought provoking: Economyths: Ten Ways Economics Gets It Wrong.

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►Richmond Fed’s Lacker Wants High Threshold For More Fed Action
Jon Hilsenrath/Wall Street Journal
“Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, sees modest growth in 2011, little change in inflation and little to spur the Fed to take new actions to support the economy.”
►IMF Meetings Should Target Double-Dip Risk
Mohamed A. El-Erian (Pimco)/Bloomberg
“Many topics are being teed up for next month’s annual meetings of the International Monetary Fund and World Bank in Washington, a gathering that will draw about 190 country representatives. There is a substantial risk of disappointment, one that would be detrimental to the welfare of billions around the world over time.”

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