Archive for DeLong

More on Keynesians Loving the Boom

A few posts ago, I pointed out that Krugman unintentionally let slip the fact that he wants policies that reignite a boom. Naturally, a Krugman defender said I was nuts in the comments. Perhaps this quote from Brad DeLong will be more convincing: In the 12 years of the Great Depression – between the stock-market [...]

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Brad DeLong Once Again Mines the Clear Blue Sky for a Statistic to Use Against His Opponents

[UPDATE below.] Michael Tew sent me a link to Brad DeLong’s fair and balanced discussion of Republicans: I suspect that some 6% disapprove of interracial marriage but won’t tell the Gallup interviewer because they want to save their face–that 20% of Americans today disapprove of interracial marriage. That means that 40% of Republicans disapprove of [...]

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Don’t Let Scott Sumner Write the History Books

Despite my title, this is actually a post about Brad DeLong, where I’ve noticed this trend the most. Now despite the recent unpleasantness, I’m not even criticizing DeLong in this post. I’m simply pointing out a rewriting of history that I am watching unfold before my very eyes, and I want to point this out [...]

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Potpourri

==> I want to call your attention to a major UPDATE I made to my response to DeLong/Krugman, inspired by Nick Rowe’s thoughts on macroeconomic disputes. ==> Justin Merrill makes some good points about Cantillon Effects. One thing I had meant to mention myself: The people objecting to the “simplistic” Austrian critiques love to say, [...]

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Learning From Brad DeLong and Paul Krugman

[UPDATE below.] Rather than have a long series of posts discussing the fallout from my (price) inflation bet with David R. Henderson, I decided to do one comprehensive reply to Brad DeLong and Paul Krugman. I had toyed with not even responding, but two things ruled that out: (1) This isn’t a case of two [...]

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Murphy Inflation Smackdown

[UPDATE below.] Brad DeLong unleashes hell on me at his blog for my (price) inflation bet with David R. Henderson. Especially in light of my Les Mis post yesterday, I had thought about either ignoring this or just linking to it in a Potpourri with no comment. However, at the risk of seeming petty, I [...]

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Rowe Ruh Roh

Sorry, I was trying to come up with the analog of a Krugman Kontradiction for Nick Rowe, and this was it… Some of you may recall that I happily linked to Nick Rowe explaining just how nutty was Paul Krugman’s praise of a hypothetical bond vigilante attack on the US. (Remember, Brad DeLong had to [...]

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Brad DeLong Has Met the Enemy, and He Is Him

Brad DeLong explains how it’s not easy being in a club of Cassandras: Back in the middle of 2011, in the circles in which I traveled–policy-oriented macroeconomists who actually knew something about the world and about financial history–there was a rough consensus that we all ought to make one last charge for more aggressive policies [...]

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