Archive for DeLong
Clive Crook on DeLong
I don’t care so much about the actual argument they are having (over Krugman, no less), but I thought this was funny from Clive Crook (HT2 Scott Sumner): Brad DeLong has commented on my beef with Paul Krugman. I’m reluctant to engage, to be honest, because his post exemplifies the intemperance I’m addressing. Once an admirer, [...]
Read moreTwo Views (?) On Using Bets to Test Economic Theories
Back in December, when Brad DeLong said I needed to study at the feet of Krugman because I lost an inflation bet to David R. Henderson, and then Bryan Caplan objected to the tone of the statements, Daniel Kuehn wrote: I thought the whole point of betting on predictions was to weed out BS and [...]
Read moreGrabbing DeLong’s Bank Account With Both Hands
[UPDATE 1 and 2 below.] Bryan Caplan discusses a wager between Noah Smith and Brad DeLong: If, at any time between 7/28/2012 and 7/28/2015, core consumer prices, as recorded in the FRED database series CPILFESL, are up more than 5% in the preceding 12 months, and if over the same 1-year period monthly U3 unemployment [...]
Read moreApplying Krugmanian Lessons to the 1990s
Poor Alex Tabarrok. He makes a simple blog post, pointing out the hilarious heads-we-win-tails-you-lose stance of Krugman et al., and the targets of his critique focus on something completely incidental. I will probably muddy the waters myself by focusing on the “incidental” part of his post, but so be it. First, though, let’s review: 1) [...]
Read morePotpourri
==> Whether North Korean officials actually said this, or whether it is US propaganda to get Americans mad, either way it’s hilarious: They allegedly called the US mainland a “boiled pumpkin.” Who can drop bombs after such a funny insult? ==> Robert Higgs looks around at today’s libertarians, and he’s none too impressed. His op [...]
Read moreA Note on Intellectual Honesty
[UPDATE: In hindsight, I wish I hadn't cast this post as explicitly about "intellectual honesty," because I don't like it when DeLong, Krugman, et al. castigate their opponents as not being simply wrong, but being dishonest to boot. So, in retrospect I wish I had written this differently, to just explain why their use of [...]
Read moreDeLong Flirts With Notion That Stimulus Efforts Thus Far Have Gained Nothing on the Margin
It’s ironic. In this lengthy essay, Brad DeLong is obviously arguing about the urgent need for more stimulus. Yet he tries so hard that he achieves the opposite result he intended. (Sort of like me on the dating scene in college.) Here’s DeLong: In the 12 years of the Great Depression – between the stock-market [...]
Read moreBrad DeLong Makes a Refreshing, Yet Ironic, Confession
UPDATE below. Brad DeLong has a post up (HT2 Scott Sumner) where he has the courage to announce: “What I Got Wrong: Batting 2 for 8.” Long-time Free Advice readers can appreciate why this piqued my interest. But it gets better. If I understand the indentation of his bullet points (showing which predictions were right [...]
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