Elsewhere on Friday,

The IMF’s China Problem (Brad Setser)

Why Does Sweden Have So Many Start-Ups? (The Atlantic)

The repressive, authoritarian soul of “Thomas the Tank Engine & Friends” (New Yorker)

How Venezuela’s resistance movement — and the country’s democracy — reached a breaking point during one week in July. (Longreads)

Chinese-North Korean Relations: Drawing the Right Historical Lessons (38 North)

The siren call of T+0, or real-time settlement (JP Koning)

Our Open-Plan Office Failed, So We’re Moving to a Towering Panopticon (McSweeney’s)

Thoughts on the Unified Framework for Fixing our Broken Tax Code (John Cochrane)

Employment Hysteresis from the Great Recession (NBER)

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