Liveblogging World War II: October 31, 1942
Fed’s Kocherlakota: Fed May Not Be Providing Enough Stimulus

Bill Galston Wanted the Obama Administration to Nuke the Recovery: Looking Back at the Internet Past

Three years ago, Bill Galson was telling Obama to anticipatorily adopt the austerity policies of Cameron-Osborne-Clegg that have been so disastrous for Britain:

Brad DeLong: Bill Galston Says: The Obama Administration Should Adopt Bad Economic Policies: It is remarkable:

More Signs Of Trouble For 2010: Still, Democrats must ask themselves whether there’s anything they can do over the next year--for example, a meaningful shift toward fiscal restraint--to reduce the intensity level of the conservative assault. If not, the combination of an energized opposition and an electorate battered by high unemployment, slow growth, and the perception of out-of-control spending could set the stage for an ugly outcome...

As I wrote three years ago:

A "meaningful shift toward fiscal restraint" means an unemployment rate that is likely to be not steady at around 10% a year from now but rising toward 12%.

Even if one is as narrow-minded as Bill Galston and focuses not on what are good policies but what policies are politically advantageous, adopting policies to raise the unemployment rate does not seem to be the kind of thing one should advocate, does it?

Does Bill Galston ever talk to any economists?

Does Bill Galston even know any economists?

Has Bill Galston ever marked his beliefs to market in any way? Will he ever mark his beliefs to market in any way?

Comments