1. Mervyn King, Governor of the Bank of England, decided to be a pot that calls the kettle black. To be fair, it is more the reporter that seized on his innocuous statement that the US also has fiscal problems, and decided to provocatively title the article "US faces same problems as Greece, says Bank of England."
2. This Disadvantages of an Elite Education. This article is especially interesting in light of how Elena Kagan is seen as a very representative product of this process. (HT: MR)
3. Not the unholy trinity, but another interesting trinity from Dani Rodrik. Greece's issues highlight that when it comes to globalization, democracy and national sovereignty only two of the three can be optimized.
4. James Hamilton on the European bailout.