KUDOS. Atlantic Blog has been recognized by Isra Pundit as Site of the Week. He's also been posting for a year, during which he's been recognized as InstaPundit's "Trans-Atlantic Fisking Squad," at least until reading Fisk got to be too much of a chore. Go on over and wish him many happy returns, and check the progress report on the orphan kitty.

There's an interesting smackdown of a Jeff Madrick column inspired by The No-Frills Middle Class (details or compare prices.) I have a bit more to say about the Madrick column, probably on the weekend, because I can post and watch college football at the same time, and this afternoon is a good time to take some derivatives. For now, let me observe that the Madrick column ties into an extended conversation (noted by Crooked Timber and Joanne Jacobs) involving the battle of the sexes and workplace advancement. For now, let me refresh readers' memories about the Say Aggregation Principle, not in the normative "supply creates its own demand" form trashed by Keynesians, but in the accounting identity form that you might remember as "Income = Wages + Interest + Rent + Profit." In that form, the value of output equals the value of payments to factors. It's an accounting identity independent of equilibrium, and it's germane to any "Two Income Trap." Increased labor force participation by women, accompanied by women and men making children, means the incomes of women translate into both additional output and additional competition for output. Hence, something to dig into more deeply on the weekend. Go Huskies!