J. Bradford DeLong's Blog, page 2199
September 18, 2010
I, too, Am Sorry for Newt Gingrich
John Gordon writes:
http://notes.kateva.org/2010/09/muslim-world-im-sorry-too.html: Nicholas Kristof apologizes for his fellow Americans.... Even though I don't believe in the cultural or tribal inheritance of sin, I'm personally ok with apologizing for American whackos. Sorry everyone, we have more than our share of frightened people living in a world they can't understand. We also have Newt Gingrich, but he's just a psychopath.
links for 2010-09-18
DeLong (December 2009): The Fairness of Financial Rescue
SSRN-Regulating the Shadow Banking System by Gary Gorton, Andrew Metrick
Gorton and Metrick: Regulating the Shadow Banking System: http://tinyurl.com/29v6wwe #worthreading
In Medias Res: Greatest Soliloquy, Greatest Play
...
In Which Mr. Deling Responds to Someone Who Might Be Professor Todd Henderson
I had published a link and a long excerpt from Michael O'Hare's rant after reading University of Chicago Law Professor Todd Henderson.
And now somebody purporting to be University of Chicago Professor Todd Henderson writes:
I'm shocked and saddened at the personal nature of these attacks. Wow.
As for Mr. Deling' attacks...
I would like to note for the record that I have not made any attacks, or indeed comments at all--that all I did was to republish pieces of Michael O'Hare's...
Michael O'Hare on the Class War
Michael O'Hare reads Chicago Law Professor Todd Henderson, and reacts:
The whining of the rich « The Reality-Based Community: Through Glenn Reynolds, whither I wandered because of Mark’s post about something else entirely, I came upon this truly amazing pasticcio of mendacity, ignorance, and small-minded cupidity. It’s worth a close look because the author is a law professor, not some high-school dropout Limbaugh lemming, and because the tone of entitlement and whining is typical of a...
The Politics of Big Downturns
Mark Thoma:
Economist's View: Kevin O'Rourke: Lessons from the Great Depression: Kevin O'Rourke describes how the emergence of extremism during the Great Depression led to the post WWII consensus that produced social democracies. As he notes, one reflection of this consensus was evident in the Atlantic Charter signed by Winston Churchill Franklin D. Roosevelt in 1941. The Charter was mostly a statement of war aims, but it included a provision stating that the two leaders desired "to...
Karl Smith: Our Finest Hour: The Troubled Asset Relief Program
Karl Smith:
Our Finest Hour: The Troubled Asset Relief Program « Modeled Behavior: So I got a call from Ben Smith prior to this article coming out. What I delivered into the phone was likely a barely intelligible rant, which explains why none of my brilliant insights show up as quotes in Ben’s piece. However let me say this:
A) Read Ben’s piece its pretty good
B) If no one else will defend TARP, I will defend it. I will defend it through any medium, at anytime, under any...
Why I Am Not Surprised That U.S. Treasury Bond Yields Are Still Very Low Today
Hoisted from the Archives from June 13, 2009: what we Hicksians were thinking then, and why we have (so far) been right:
Meno: I haven't seen you since spring classes ended.
Adeimantos: I have been away: Paris. London. Frankfurt.
Meno: Oh. Pleasant? Interesting?
Adeimantos: Not really interesting--too jet-lagged, so...
The Three Musketeers vs. Teh Macroeconomic Ignoramuses, Part CXIV
Nick Rowe looks at Catherine Rampell's truly excellent NFIB chart:
He muses on the great puzzle: Jean-Baptiste Say and John Stuart Mill could recognize in 1829 that in Britain in 1825-1826 an excess demand for money had produced an excess supply of currently-produce goods and services--that the problem was not one of structural unemployment (too much demand for goods workers could not make and too little demand for goods that they could) but of deficient demand in general.
So why do so...
The First Rain--OK, Drizzle--of the Season
Kings Canyon Loop Trail starting at EBMUD Valle Vista Staging Area...
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