Procrastinating on December 12, 2016

Should-Read: Brad DeLong (2013): Who Are the Foes of Expansionary Fiscal Policy? And Why?: "I am finding it difficult to make progress because it is not clear to me who the audience... who we should be trying to convince of what...

...So let me... spend tonight telling you... what I think others think... [for] I am having trouble in wrapping my mind around the thinking of the intellectual adversaries of my little band, my Light Brigade of believers that fiscal policy right now is not expansionary enough. I am having a hard time figuring out not who our intellectual adversaries are--we know who they are--but how and why they think. What is the case they want to make against the aggressive use of expansionary fiscal policy right now, given the very sad state that the OECD economies are in?...

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