Brad DeLong's main contribution of the day was ... a picture. The headline and accompanying text suggest that it shows 24 wild turkeys of (at least) two generations. Really, it just looks like a fuzzy hill with some fuzzy dark spots on it and a fuzzy tree in the background. We think it may be some sort of commentary on the economy. But we're really not sure.

Over the weekend, Paul Krugman's best contribution was ... a picture. The headline and accompanying text suggest that it shows lots of beer. And it does, in fact, look like Paul Krugman drinking lots of beer. (He was, and maybe is, still in Belgium.) We're pretty sure this isn't some sort of commentary on the economy. That's unless he's advocating stimulating local economies by buying and drinking microbrews. Which, now that we think of it, sounds like a great idea. 

He also shared a handful of charts in support of his argument that the Fed's actions to increase the monetary base—presumably lowering interest rates and printing money—don't necessarily mean heavy inflation is headed our way. That's because we're in a liquidity trap, a complex scenario where central bank monetary policy doesn't function as intended (more on why to come soon). He also invites Obama's critics, to shut up about the inefficacy of the stimulus in creating jobs and take a look at similarly high unemployment under Reagan's tax cuts. Booya, John Boehner.

Barry Ritholtz wonders if the New York real estate market will get hit as hard as other parts of the country. He suggests that reportedly strong stats are actually dubious and points to tremors in the second-home and new-condos markets that register as potential signs of a pending collapse on the Ritholz scale. To his surprise, the econosphere was much abuzz over his indictment of financial television news coverage from last week, and he reposted an excerpt from another blogger that argued for less "what" and more "why" coverage of business happenings. Apparently, says dear John Thain, "there are lots of underlying dynamics, complex rules, and large parts of the process are hidden from view" in the world of finance. We were shocked—shocked!—to read that the news networks haven't done such a great job of making it sensible to the masses. 

Felix Salmon persevered in his demand for effective regulatory reform, weighing in on today's Geithner and Summers column in the Washington Post, which, Salmon says, presages this coming Wednesday's announcement on new oversight measures. He finds the plan realistic insofar as it aims to regulate over-the-counter derivates trading (meaning the deals are structured privately between the two parties involved) rather than force derivatives to trade on the open market. But Salmon takes exception with the part of the op-ed that doesn't seem to suggest the creation of a new, singular, and centralized oversight body with real clout.