Archive for DeLong
A 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 […]
Read moreMore 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 […]
Read moreBrad 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 […]
Read moreDon’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 […]
Read morePotpourri
==> 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, […]
Read moreLearning 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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