DeLong

Archive for DeLong

Quick Clarification on the Great Debt Debate

My trip to NY has messed me up vis-a-vis my “day job” and so I can’t go nuts on the debt debate the way Nick Rowe is (here, here, here, and here). I hope later in the week to offer two more posts, one for the lay reader, and the other for professional economists. It […]

Potpourri

==> Joe Salerno replies to George Selgin regarding Krugman’s challenge to the Austrians on MMMF. I actually think both Joe and George are wrong: They both use the phrase “could care less” when, in context, it is clear that they meant “couldn’t care less.” (Joe uses it in the post, George in his second reply, […]

David Frum Tells Us Exactly How Awful He Used to Be

UPDATE below. UPDATE #2 below. Listening to lectures about evil right-wingers from David Frum (passed on gleefully by Brad DeLong et al.) is like listening to Rush Limbaugh praise the virtues of marriage. Here he is, commenting on the Mitt Romney tapes: Romney has been reshaped by this campaign. The dread to which Romney gives […]

Potpourri

==> This was a post I did on ethanol policy and food prices a few weeks ago. There’s a surprise. ==> Don’t worry about ethanol mandates causing high food prices. The US military is here to save the day. ==> There’s a famous econ blogger out there, who thinks the authorities need to boost Aggregate […]

How Does Brad DeLong Define Success?

[UPDATE below.] I’m not sure, but it must be a low bar. In a recent, exhaustive critique of Hassett, Hubbard, Mankiw, and Taylor (HHMT)–who have written a “white paper” on the Romney economic program–DeLong is upset that these critics of Obama have pointed to a certain research paper to bolster their objection to the “cash […]

Two Keynesians vs. Two Austrians

Brad DeLong thinks Mario Rizzo is a “psychopath” (actual quote) for recommending that people don’t tip NYC cab drivers; DeLong recommends (obviously tongue in cheek) strip-searching “these people” (by which he means Austrians, I think, and not Italians) whenever visiting one’s house. Brad DeLong also thinks I’m nuts for saying that it would be immoral […]

Brad DeLong: We Have Always Been at War With Sluggish NGDP Growth

Brad DeLong in his latest blog post is aghast at Ben Bernanke’s recent remarks on why the Fed isn’t doing more. Don’t worry about what Bernanke said; the interesting part is when DeLong, in exasperation after quoting Bernanke’s can’t-do attitude, says this: Target the path of nominal GDP, people! You know, I thought that this […]

East Coast and West Coast Togetha on Graeber

OK, Nashville’s not on the east coast, but in the title I’m trying to get across that Brad DeLong and I see eye-to-eye when it comes to David Graeber’s magisterial Debt: The First 5,000 Years. When I first posted my critical review of Graeber’s book, in the comments Dan Hewitt pointed us to Brad DeLong’s […]