Edmund Wilson: To the Finland Station: "There has been... no other first-rate Marxist for whom the Marxist conception of History, derived from the Hegelian Idea, plays so frankly teleological a role as it does in the work of Trotsky...
Edmund Wilson: To the Finland Station: "There has been... no other first-rate Marxist for whom the Marxist conception of History, derived from the Hegelian Idea, plays so frankly teleological a role as it does in the work of Trotsky...
David Glasner reaches back into our history: General Kelly v. Abraham Lincoln: Abraham Lincoln:
And now, if they would listen – as I suppose they will not – I would address a few words to the Southern people....
Under all these circumstances, do you really feel yourselves justified to break up this Government unless such a court decision as yours is, shall be at once submitted to as a conclusive and final rule of political action? But you will not abide the election of a Republican president! In that supposed event, you say, you will destroy the Union; and then, you say, the great crime of having destroyed it will be upon us! That is cool. A highwayman holds a pistol to my ear, and mutters through his teeth, “Stand and deliver, or I shall kill you, and then you will be a murderer!”
To be sure, what the robber demanded of me–my money–was my own; and I had a clear right to keep it; but it was no more my own than my vote is my own; and the threat of death to me, to extort my money, and the threat of destruction to the Union, to extort my vote, can scarcely be distinguished in principle.
Out of love for the truth and from desire to elucidate it, the Reverend Father Martin Luther, Master of Arts and Sacred Theology, and ordinary lecturer therein at Wittenberg, intends to defend the following statements and to dispute on them in that place. Therefore he asks that those who cannot be present and dispute with him orally shall do so in their absence by letter. In the name of our Lord Jesus Christ, Amen:
: Department of "Huh!?": This Is All Cosma Shalizi's Fault Department...: When something comes across my RSS feed stating that it is:
2500 words of statisticians quarreling with econometricians about arcane points of statistical theory...
how am I supposed to resist getting sucked in?
Memories of the Eastern Front: War on the Rocks: The Motherland Calls: The Battle of Stalingrad, 75 Years Later: "In September, Stalin sent General Vasily Chuikov to take command of the embattled survivors of the 62nd Army...
The Robert Heinlein Wars, Part MDCCLXIV http://www.bradford-delong.com/2006/12/the_robert_hein.html: John Scalzi watches as Dave Itzkoff begins another round of the Heinlein Wars:
Whatever: NYT Review Fallout: There's been some interesting commentary and discussion following Dave Itzkoff's NYT Book Review piece on me and my books, so I thought I'd post links to some of them I've found, for the edification of Whatever readers. In no particular order: Instapundit notes the piece, and has some thoughts on the idea of [Robert Heinlein's novel] Starship Troopers being fascist, roping in Spider Robinson to rebut that claim...
I would dispute Scalzi's claim that either Glenn Reynolds or Spider Robinson has "thoughts" on this issue. I would characterize them as having "reflexes."
I think I had some "thoughts" on this issue some 10^8 seconds ago:
The Starship Troopers novel I originally read in the early 1970s had four layers:
Pat Garofolo: FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’: "Republicans... have been apoplectic about Obama’s plan, claiming that it will kill jobs and cripple small businesses... https://thinkprogress.org/flashback-in-1993-gop-warned-that-clintons-tax-plan-would-kill-jobs-kill-the-current-recovery-96adb3663484/
September 27, 2017 at 05:33 PM in Economics: Finance, Economics: Growth, Economics: History, History, Moral Responsibility, Political Economy, Politics, Streams: (Tuesday) Hoisted from Archives, Streams: Cycle, Streams: Economics, Streams: Equitable Growth, Streams: Highlighted | Permalink | Comments (6)
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On fiscal policy, for my entire adult life, Republicans have fallen into four groups:
The few who care about a smaller government and about properly financing that government now and into the future.
Rather more who want a smaller government and who regard the higher debts and large deficits that result from tax-cutting policies misleadingly sold as not a bug but the feature: once the debt and deficit are created, some Democrats who sincerely believe in budget balancing will come over to the spending cut side.
Those who want to tax cuts and really don't care very much and whether they are good or sustainable policies.
Those who see an opportunity to profit personally by selling misleading rationales for tax cuts.
No: They did not publish this. But worth noting is that they did not even try to get it right. And they still don't try:
Professor J. Bradford DeLong
Department of Economics
601 Evans Hall, #3880
University of California at Berkeley
Berkeley, CA 94720-3880
September 15, 1997
Letters to the Editor
The Wall Street Journal
1155 Avenue of the Americas
New York, NY
Dear Mesdames and Sirs:
Woytinsky! http://www.bradford-delong.com/2007/08/woytinsky.html: Frivolous academic purchase of the month: W.S. and E.S. Woytinsky (1953), World Population and Production: Trends and Outlook and World Commerce and Government: Trends and Outlook_.... Maury Obsteld next door says: "Ah! Woytinsky!"... One thing that is very sad. The very last page of World Commerce and Government shows that this was a library copy: it was stamped due back into the library by Jan 13, 1956; Jan 19, 1956; Jun 11, 1956; Oct 1, 1959; Jun 11, 1973; Jul 29, 1983; Jun 01, 1992; Sep 1, 1992; Sep 1, 1995. Which library? Harvard's Littauer Library of Public Administration. This is the copy of World Commerce and Government that I checked out the summer after my first year of graduate school, and returned at the end of July 1983. Littauer Library has gotten rid of it, and I now have it. I hope it wasn't their only copy, but I don't remember seeing two...
Fear of Finance http://www.bradford-delong.com/2007/08/fear-of-finance.html
Ezra Klein on Giuliani, the Press, and the Laffer Curve http://www.bradford-delong.com/2007/08/ezra-klein-on-g.html: "Fed up with Rudy Giuliani's Laffer-baiting and with the 'uncritical stenography' of his journalistic enablers: Chris Cilizza, Michael Shear, Steven Braun, and Mike Glover..."
Hoover in China: Yet Another Note http://www.bradford-delong.com/2007/08/hoover-in-china.html: "The reality was expressed at the time of the swindle by Britain's charge d'affaires in Beijing, Arthur Townley. With the help of a Yankee [Hoover], he said, an Anglo-Belgian gang had 'fleeced' the Chinese, and Moreing and associates had 'made pretty pile at their expense'..."
Hoisted from 2013: Apropos of David Glasner http://www.bradford-delong.com/2017/09/should-read-in-which-david-glasner-argues-that-john-maynard-keynes-passed-up-a-very-valuable-opportunity-to-preach-about.html and John Maynard Keynes's:
Now "in the long run" this is probably true.... But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again...
2013: Why Did Keynes Write "In the Long Run We Are All Dead"? Weblogging http://delong.typepad.com/sdj/2013/05/niall-ferguson-is-wrong-to-say-that-he-is-doubly-stupid-why-did-keynes-write-in-the-long-run-we-are-all-dead-weblogging.html: "Niall Ferguson:
September 06, 2017 at 07:57 AM in Economics: Finance, Economics: History, Economics: Macro, History, Moral Responsibility, Philosophy: Moral, Political Economy, Politics, Streams: (Tuesday) Hoisted from Archives, Streams: Cycle, Streams: Economics, Streams: Equitable Growth, Streams: Highlighted | Permalink | Comments (1)
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Must-Read: This, from Paul Krugman, is 100% correct: The last eight years have taught us that as long as the distribution of near-term possible outcomes includes at least a 10% or so chance of landing back at the zero nominal safe interest rate lower bound, the policies we should follow now are pretty much the policies we ought to follow at the bound. Of course, this is the situation we will be in until the trend and expected inflation rate hits 4%/year: we are going to be in this situation for a looooooonnnngggg time... http://www.bradford-delong.com/2016/08/must-read-this-from-paul-krugman-is-100-correct-the-last-eight-years-have-taught-us-that-as-long-as-the-distribution.html
The Heritage Foundation, the Club for Growth, and Stephen Moore Have No Principles Whatsoever. Why Do You Ask? http://www.bradford-delong.com/2016/08/the-heritage-foundation-the-club-for-growth-and-stephen-moore-have-no-principles-whatsoever-why-do-you-ask.html: Now that Stephen Moore has signed up with Donald Trump, he is opposed to the Trans Pacific Partnership. Why? When I was on Trish Regan's show with him, he [said].... (1) The agreement is long, and has lots of pages in it. (2)The agreement does not commit the Asians to stop copying our intellectual property. (3) The agreement does allow the U.S. to impose retaliatory penalties on other signatories if they do copy our intellectual property, but they will copy anyway. (4) The agreement is unlike NAFTA, which is a good thing. But only six short months ago... No intellectual principles whatsoever. None: Larry Kudlow, Arthur Laffer, and Stephen Moore (2015): TPP Good For Both Sides Of The Pacific...
Comment of the Day: Shame on the editors of Vanity Fair http://www.bradford-delong.com/2016/08/comment-of-the-day-_shame-on-the-editors-of-vanity-fair_-rw-its-been-a-long-time-many-years-in-fact-s.html: RW: "It's been a long time, many years... but I do seem to recall a version of Michael Kinsley capable of writing cogent and, yes, even generous pieces; his long descent into incoherent, petty sniping has not been pretty."... Michael Kinsley at his best was always... close to the edge: very smart but close to the edge of not being wise.... When Vanity Fair's editors publish something like this, they are, I think, being rather cruel...
Four Links for 2007-08-03 http://www.bradford-delong.com/2007/08/links-for-200-1.html: "John Holbo... 'what... could Netflix ask customers, such that genuinely interesting (and predictive) data would potentially result?' Jon Chait on Rudy Giuliani's anti-health plan Ezra Klein on Rudy Giuliani on Health Care: A Man With a (Non-)Plan Lieberman's Losing Battle for Influence: New York Observer..."
The Bushies' Strategy in Iraq http://www.bradford-delong.com/2007/08/the-bushies-str.html: Ioz.... "The United States is supporting: the Shia government, which funnels money and arms to Shia militias, death squads, and insurgent/terrorist groups; the Sunni opposition, which funnels money and arms to the Sunni insurgency; the Sunni insurgency directly, so that they will combat the Shia militias as well as al-Qaeda in Iraq, a group of Sunni terrorists supposedly supported by Shia Iran; the Saudis, who fund Sunni insurgents as well--almost surely--as Sunni terrorist groups; the Iraqi Kurds, who have their sights set on an independent nation that includes a de-Arabized Kirkuk; and the Turks, who have their sights set on never, ever seeing an independent Kurdish entity anywhere, anyhow, anyway, ever, amen..." Impeach George W. Bush. Impeach him now.
His WWI book was awful. It's entire premise is anachronistic, and it shows the same predilection for snide ad hominem attacks as the rest of his writing.
I beg to differ. I thought that Ferguson"s World War One book was pretty good. It suffered to a small degree from AJP Taylor disease, but a very mild case only--you learn a lot from TPoW http://amzn.to/2gnp2em, while you learn nothing—in fact, your Δ(knowledge) < 0—from Tayllor's Origins of WWII http://amzn.to/2gnp2em.
Cosma Shalizi reminds me of the internet "data scientists are (good and empirically oriented) statisticians" discussion of 2011-12.
Let me say three things:
You should never use Excel to handle your data.
I don't know whether it is depressing or exhilarating to recognize that, for me as for Cosma, how often my reaction these days is: "I already wrote something incisive and very much worth reading about that—now to find it in my weblog archives..."
Increasingly, data management, analysis, and presentation are things that many more people need for their jobs than statistics departments can reasonably expect to funnel through their major programs. It's like in the middle ages: the number of people who needed to have a good, clear, legible-penmanship chancery hand vastly exceeded the number of professional calligraphers and illustrators. Data management, analysis, and presentation skills are, increasingly, the legible-penmanship chancery hand of the twenty-first century.
Hoisted from 2001: Information Technology and the Future of Society (My Bekeley CITRIS Kickoff Talk) http://www.j-bradford-delong.net/TotW/citris_kickoff.html: For perhaps 9000 years after the beginnings of agriculture the overwhelming proportion of human work lives were spent making things: growing crops, shearing sheep, spinning yarn, weaving cloth, throwing pots, cutting down trees, copying books, and so on, and so forth.
Looking back another decade: By August 8, 2007 I had an idea of what was going down:
I was identifying the Fed as behind the curve:
Felix Salmon starts to see the train coming: Felix Salmon on Noise--Literally: Noise--Traders http://www.bradford-delong.com/2007/07/felix-salmon-on.html: He watches Jim Cramer, and is scared: "Great Moments in Punditry: Jim Cramer on Housing: Is it worth responding to this as though it's rational? Is this what passes for informed commentary on TV these days? I can see how it gets ratings, in a train-wreck kind of way–hell, I'm blogging it. But the idea that wealthy people will stop paying their mortgages because their houses are 'fungible' (unless we get a 100bp cut in the Fed funds rate, of course)–it's like some kind of incredibly unfunny parody. Nouriel Roubini et al might be shrill, but at least there's coherent logic to their position. What scares me is that this could be a rare and genuine glimpse into how traders actually think. In which case the Great Moderation and decline in volatility of recent years is doomed to die a sudden and extremely unpleasant death..."
No, Fox News has always been a slough of iniquity. Why do you ask?: Why Oh Why Can't We Have a Better Press Corps? (Bill O'Reilly Edition) http://www.bradford-delong.com/2007/07/why-oh-why-ca-8.html: Atrios tells us that it is Felafel Day, and provides quotes from noted Fox News journalist Bill O'Reilly: "If any woman ever breathed a word I'll make her pay so dearly that she'll wish she'd never been born. I'll rake her through the mud, bring up things in her life and make her so miserable that she'll be destroyed. And besides, she wouldn't be able to afford the lawyers I can or endure it financially as long as I can. And nobody would believe her, it'd be her word against mine and who are they going to believe? Me or some unstable woman making outrageous accusations. They'd see her as some psycho, someone unstable. Besides, I'd never make the mistake of picking unstable crazy girls like that.... If you cross FOX NEWS CHANNEL, it's not just me, it's [FOX President] Roger Ailes who will go after you. I'm the street guy out front making loud noises about the issues, but Ailes operates behind the scenes, strategizes and makes things happen so that one day BAM! The person gets what's coming to them but never sees it coming. Look at Al Franken, one day he's going to get a knock on his door and life as he's known it will change forever. That day will happen, trust me."
Hoisted from 2010: What Do Econ 1 Students Need to Remember Most from the Course? http://delong.typepad.com/sdj/2010/12/what-do-econ-1-students-need-to-remember-most-from-the-course.html: Economics deals with those things that we want but that are "scarce".
New Graduate Student Orientation: Li Hungchang and "Self-Strengthening", and Other Topics http://www.bradford-delong.com/2007/07/new-graduate-st.html: Trying to say the name of the late nineteenth-century Qing statesman "Li Hungchang." There was animated discussion as to what I was trying to say--I suppose I sounded as though I was speaking half-Cantonese, half-duck.... There is as much horror inside as outside the Brookings building that Ken Pollack is still the public face of Brookings Institution foreign policy studies...
Clueless Delong continues to be clueless: Still fearing a financial crisis brought on by a dollar crash rather than looking at suprime mortgages Risk and the Dollar: Brad Setser Muses http://www.bradford-delong.com/2007/07/risk-and-the-do.html
Hoisted from the Archives: More Dred Scott v. Sanford Blogging for 2007's Martin Luther King Jr. Holiday Weekend! http://www.bradford-delong.com/2007/01/more_dred_scott.html: Mark Graber has gotten himself to the right of John C. Calhoun. This is a position painful and ludicrous for a twenty-first-century American legal academic to assume.
It is a position so painful and ludicrous that it should induce any twenty-first-century American academic to undertake an agonizing reappraisal—particularly over Martin Luther King holiday weekend. But Mark Graber doesn't. Let's turn the mike over to him:
August 05, 2017 at 10:27 AM in Berkeley, Economics: History, Economics: Inequality, History, Moral Responsibility, Philosophy: Moral, Political Economy, Politics, Streams: (Tuesday) Hoisted from Archives, Streams: Cycle, Streams: Economics, Streams: Equitable Growth, Streams: Highlighted | Permalink | Comments (0)
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Hoisted from 2007: Why Oh Why Can't We Have a Better Press Corps? (Yet Another New York Times Edition) http://www.bradford-delong.com/2007/01/why_oh_why_cant_3.html: David Brooks says Nanci Pelosi is some kind of hereditary plutocrat, like George W. Bush:
Paul Gigot of the Wall Street Journal Predicts the Failure of Clintonomics: A Historical Document from 1993 http://www.bradford-delong.com/2007/07/a-historical--1.html: One evasion in Ken Auletta's piece on the Wall Street Journal stands out: his quoting without comment of Norman Pearlstine's claim that Paul Gigot “was a first-rate reporter...
He was not.
Four Worth Hoisting and Highlighting:
Must-Read: Ten years ago tomorrow it started:
Jacqueline Bell (2007): Bear Stearns Hedge Funds File For Bankruptcy: "New York (August 1, 2007, 12:00 AM EDT)—Two Cayman Islands-based Bear Stearns hedge funds... https://www.law360.com/banking/articles/31291/bear-stearns-hedge-funds-file-for-bankruptcy
From November 2008: Why I Was Wrong... http://delong.typepad.com/sdj/2008/11/why-i-was-wrong.html: Calculated Risk issues an invitation:
Calculated Risk: Hoocoodanode?: Earlier today, I saw Greg "Bush economist" Mankiw was a little touchy about a Krugman blog comment. My reaction was that Mankiw has some explaining to do. A key embarrassment for the economics profession in general, and Bush economists Greg Mankiw and Eddie Lazear in particular, is how they missed the biggest economic story of our times....
Also apropos of the three neoliberalisms: (1) Mont Pelerin; (2) Charlie Peters; and (3) anti-Black, anti-woman, anti-Arab, anti-union—and anti-French:
With the opening of "Dunkirk", time to hoist and highlight this:
2006: Nick Gillespie Has Had It with Marty Peretz ("Lafayette! Nous Sommes Ici!" Department) http://www.bradford-delong.com/2006/09/nick_gillespie_.html: He writes, accurately and correctly:
Hit and Run: They're starting to shit themselves in public... TNR owner and "Spine" blogger Marty Peretz is enacting the cyberspatial equivalent... with posts such as this one on French jokes:
Hoisted from Ten Years Ago: More on the Kaiping Mines: Jonathan Spence's Asides, and Albert Feuerwerker's Review of Ellsworth Carlson http://www.bradford-delong.com/2007/07/more-on-the-kai.html: China specialists see and can almost touch an alternative history in which late-nineteenth century China managed to match the political and economic achievements of Meiji Japan, and in which China stood up economically, politically, and organizationally at the same pace of the Japan that won its short victorious war against Russia in 1905, negotiated as an equal with Britain and the U.S. over warship construction in 1921, and was perhaps the eighth industrial power in the world by 1929.
Let me say that in Taylor's case, at least, this type of bullshit misrepresentation of what we know and what the evidence says has now been going on for a very long time:
I, at least, am as tired of it as are the more senior real economists who are John Taylor's peers.
Why John Taylor thinks he is still entitled to call himself an "economist" is beyond me. It has been beyond me for eight years:
Worth Hoisting and Highlighting: Paul Krugman is wise; Ezra Klein points out that those who claim having health insurance is not important (a) have health insurance, and (b) are not telling the truth; Robert Samuelson of the execrable Washington Post is an embittered, evil, strange man; the execrable Stuart Taylor, Jr., of the Atlantic Group is one as well; and neither Robert Pear of the New York Times nor David Broder of the Washington Post either do now know enough or do not care enough to do their proper jobs:
I was never able to get anybody interested in publishing this when I wrote it and shopped it around ten years ago. I do wonder why: it is, I think, rather important...
After the Next Nuclear Fire... http://www.bradford-delong.com/2007/07/after-the-next-.html: In the early 1980s the U.S. NSA--or perhaps it was the Defense Department--loved to play games with Russian air defense. They would send probe planes in from the Pacific to fly over Siberia. And they would watch and listen: Where were the gaps in Russian sensor coverage? How far could U.S. planes penetrate before being spotted? What were Russian command-and-control procedures to intercept intruders?
The puzzle about just how and why the brain eater ate Clive Crook's brain—how it was that, starting about a decade ago, one of the most interesting (and intelligent) of the Tories simply lost his grip on reality—remains, to me at least, a mystery. Here is my reaction to one of the first signs of the brain-eating:
The puzzle about just how and why the brain eater ate Clive Crook's brain—how it was that, starting about a decade ago, one of the most interesting (and intelligent) of the Tories simply lost his grip on reality—remains, to me at least, a mystery.
Here I am hoisting from one of the first full-blown signs of it in 2007.
A little background: By 2008 the brain-eating was overwhelming. For example we had Clive Crook on the "huge success" of the nomination of Sarah Palin—meaning, that is, that she was highly qualified to be Vice President and would attract lots of new votes to the McCain-Palin ticket:
Clive Crook (2008): Democrats must learn some respect: "The problem in my view is less Mr Obama and more the attitudes of the claque of official and unofficial supporters that surrounds him... https://www.theatlantic.com/business/archive/2008/09/democrats-must-learn-some-respect/8803/
July 21, 2017 at 07:38 AM in Economics: Growth, Economics: History, Economics: Inequality, History, Moral Responsibility, Obama Administration, Philosophy: Moral, Political Economy, Politics, Science: Cognitive, Streams: (Tuesday) Hoisted from Archives, Streams: Cycle, Streams: Economics, Streams: Equitable Growth, Streams: Highlighted | Permalink | Comments (1)
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Clueless DeLong Was Clueless: Hoisted from February 2007: The Domestic Macroeconomic Outlook: February 28, 2007 http://www.bradford-delong.com/2007/02/the_domestic_ma.html: It looks like I'm not going to get to give my short talk on the domestic macroeconomic outlook up at Lake Tahoe this weekend:
That's too bad, because such talks quickly grow stale.
One of the major points of my schtick is that the macroeconomic outlook rarely changes suddenly, so that 90% of the time it is perfectly OK to say, "things are like they were, only three months ago." Nevertheless such talks have a very short half life: people like to know how the most recent news affects things, even if the usual answer is "not much"--except, of course, for those turning points where things do change a great deal, and which we usually see clearly only in retrospect.
I was going to hit three big points:
Clueless DeLong Still Clueless—Albeit Slightly Less So: High-Grade Structured Credit, and Time for the Fed to Start Cutting Interest Rates: Hoisted from Ten Years Ago http://www.bradford-delong.com/2007/07/high-grade-stru.html: BondDad writes:
Daily Kos: $10 Billion Hedge Fund Now WORTHLESS: $10 Billion Hedge Fund Now WORTHLESS: From CBS Marketwatch:
High-Grade Structured Credit, and Time for the Fed to Start Cutting Interest Rates http://www.bradford-delong.com/2007/07/high-grade-stru.html: I have been an optimist about the subprime market.... Now I am not so sure. It no longer looks like things are as contained as I had thought... http://www.bradford-delong.com/2007/07/high-grade-stru.html
Those Poor People! Mark Kleiman Needs to Learn Theology from "Galaxy Quest" http://www.bradford-delong.com/2007/07/those-poor-peop.html: I suggest that Mark Kleiman turn on his cable TV channels, and watch...
The Buried Past of the Democratic Party http://www.bradford-delong.com/2007/07/the-buried-past.html: It is certainly true that up until some moment not all that long ago--1933? 1948? 1960?--the Democratic Party was the party of racism...
DeLong Smackdown Watch: Dani Rodrik Strikes Back http://www.bradford-delong.com/2007/07/delong-smackdow.html
Most worth reading:
Rick Perlstein has a sense not of what is coming with the fallout from the collapse of the housing bubble, but that the immediate effects are bad.
The story of Paul Gigot, Kevin Hassett, and the worst—the absolute worst—the most mendacious, deceptive and unprofessional graph that the Wall Street Journal has ever published. You can find it here: https://www.wsj.com/articles/SB118428874152665452. As Ezra Klein wrote:
Ezra Klein (2007): Is The Wall Street Journal Worth Saving? http://ezraklein.typepad.com/blog/2007/07/is-the-wall-str.html: "Brad DeLong described this as 'Most Dishonest Wall Street Journal Editorial Ever'. I thought that was obvious hyperbole, if for no other reason than the data set encompassing dishonest Wall Street Journal editorials is far, far too large for Brad to have comparatively evaluated in a mere day or two. It'd be like declaring a yawn from moments ago your favorite breath of air ever. It might have felt that way, but that's a hasty choice from a large pool. Brad, however, may be right. One of the ways that mendacious ideologues can lie with statistics is to simply draw and ill-fitting line through the data, pretending it shows something entirely different than it really does..."
All I can say is: every economist who signed that letter supporting Kevin Hassett for CEA Chair has a lot of explaining to do, and should be searching their soul very hard right now trying to figure out how they went astray...
Hoisted from the Archives: Yesterday I was bitching to the team at "ParsonsTKO | A Digital Transformation Agency" http://parsonstko.com/, which is in charge of thinking about the redesign of the Equitable Growth Website http://equitablegrowth.org, about not just our failure but the general failure of the internet to bring things from the stock into the flow—to have a memory. The original hope was that Google http://google.com would be that memory, but full-text combined with word-nearness search plus pagerank does not do the job. So I was arguing that Equitable Growth should hire somebody whose job—at least part of whose job—is to ask: what is the thing that Equitable Growth has ever published that is most relevant to live concerns and issues today?; and then repost and highlight that thing. Plus we need an indexing grammar, ontology, whatever, that makes the most relevant thing easy to search for and find.
But I can do this for my own website, myself—if I find time. So here we are: what the country should be doing about ObamaCare right now, hoisted from my archives from 2004:
Reading Reihan Salam's "Why I signed up for Obamacare": The Honest Broker for the Week of May 10, 2014: So this morning I am reading the highly-intelligent Reihan Salam's bill of indictment against ObamaCare... http://delong.typepad.com/delong_long_form/2014/05/reading-reihan-salams-why-i-signed-up-for-obamacare-the-honest-broker-for-the-week-of-may-10-2014.html
July 13, 2017 at 06:18 AM in Economics: Health, Long Form, Moral Responsibility, Political Economy, Politics, Streams: (BiWeekly) Honest Broker, Streams: (Tuesday) Hoisted from Archives, Streams: Cycle, Streams: Economics, Streams: Equitable Growth, Streams: Highlighted | Permalink | Comments (2)
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Hoisted from 2007: Note to Self: The Next Time I Teach Economics 101b... http://www.bradford-delong.com/2007/07/note-to-self-th.html: The people who take Economics 101b--the go-faster do-more version of intermediate macroeconomics--are among the best students in the country: smart, eager to work, very well-prepared. So it has always seemed to me that I should do more to help them sink their teeth into some of the big growth-policy issues of intellectual property and antitrust.
Hoisted from 2007: My Little Golden Book of Neoconservatism http://www.bradford-delong.com/2007/07/my-little-golde.html: Jeff Weintraub worries that people don't know what neoconservatives are... http://www.bradford-delong.com/2007/07/my-little-golde.html
...Jeff Weintraub: "Neocons," "very liberal Communists," and other scare-words: As Patrick Porter correctly points out, "neocon" (or "neoconservative") is expanding into an all-purpose term of abuse without much concrete content, historical specificity, or political substance.... This increasingly promiscuous use of the increasingly elastic scare-word "neocon" reminds one of the equally promiscuous way many right-wingers used to call anyone they didn't like a "communist."... [T]he word "liberal" often serves a similar function in some right-wing circles ...... though that's not entirely new, either. Back in 1973 Martha Mitchell, the wife of Nixon's Attorney-General John Mitchell, said that her husband often warned against the threat posed by the "very liberal Communists"...
I think I have the answers. Here are what I think are good takes on the neoconservative ideas and their vicissitudes, and on the neoconservatives--my takes and others':
Most Worth Reading:
Note to Self: The Next Time I Teach Economics 101b... http://www.bradford-delong.com/2007/07/note-to-self-th.html: Some model-building:: J. Bradford DeLong (2007), "INCOMPLETE DRAFT: Notes on Antitrust Policy and Optimal Innovation in a Model of Productive Variety" http://delong.typepad.com/pdf/20070709_varieties_antitrust.pdf...
My Little Golden Book of Neoconservatism http://www.bradford-delong.com/2007/07/my-little-golde.html
China and Economic Growth: Hoisted from the Archives (What I Am Thinking About Right Now Department) http://www.bradford-delong.com/2007/07/china-and-econo.html
Looking Forward to Four Years During Which Most if Not All of America's Potential for Human Progress Is Likely to Be Wasted
With each passing day Donald Trump looks more and more like Silvio Berlusconi: bunga-bunga governance, with a number of unlikely and unforeseen disasters and a major drag on the country--except in states where his policies are neutralized.
Nevertheless, remember: WE ARE WITH HER!
The purpose of this weblog is to be the best possible portal into what I am thinking, what I am reading, what I think about what I am reading, and what other smart people think about what I am reading...
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