J. Bradford DeLong's Blog, page 2201
September 16, 2010
Median Income by Race
Via Joe Weisenthal:
Recess Appointment Time at the Fed
In fact, it was recess appointment time at the Fed in August 2009--if not earlier. But it is definitely recess appointment time at the Fed. This is, I think, Obama's largest and most damaging unforced errors.
Robin Harding explains the sitch:
Bleak prospects for Fed nominees: There has been plenty of comment on the ridiculously long time it is taking to fill the three vacant seats for governors at the Federal Reserve Board in Washington. The three nominees up for Senate confirmation are...
When Was There a "Respectable" Republican Party?
Duncan Black asks:
Eschaton: The GOP Daddies Of Yore: Glennzilla raises some important points about Villager hostility to O'Donnell. Basically, Villager scorn is largely class-based, in that they're not for the most part objecting to the food she likes to eat but the fact that she uses the wrong fork to eat it and doesn't put her cloth napkin on her lap.... [L:]ike Glenn, I don't know where this belief in a serious noncrazy Republican party comes from. They've been dominated by the...
Justinian, Flavius Apion, Anoup, James Scott, etc.
We are live at Cato Unbound of the sadly diminished staff:
Cato Unbound » Blog Archive » Perhaps. And Sometimes.
The Harvard Social Studies Major's Fiftieth Anniversary Party...
Looks like it may be exciting!
You see, Harvard has a Marty Peretz problem. Here's Benjamin Sarlin: Harvard's Marty Peretz Problem.
Marty Peretz asks: do I have to pretend I think Muslims should have free speech?
This statement does two things:
It declares that Peretz believes that a billion Muslims should not have free speech.
It announces that any future declarations by Peretz that he thinks Muslims should have free speech are not to be taken seriously--are "pretense."
...
September 15, 2010
Liveblogging World War II: September 16, 1940
From Wikipedia:
Selective Training and Service Act of 1940: The Selective Training and Service Act of 1940, also known as the Burk-Wadsworth Act, 54 Stat. 885 was passed by the Congress of the United States on September 14, 1940, becoming the first peacetime conscription in United States history when President Franklin D. Roosevelt signed it into law two days later. This Selective Service Act required that men between the ages of 21 and 35 register with local draft boards.... [T:]he Act...
links for 2010-09-15
The Plan B for Economic Recovery: http://tinyurl.com/36voj9q #worthreading
Review: Jacob Hacker and Paul Pierson – Winner-Take-All Politics — Crooked Timber
Henry Farrell: Review: Jacob Hacker and Paul Pierson – Winner-Take-All Politics: http://tinyurl.com/2a94vqc #worthreading
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...
Karl Smith: Apostle to teh Ignoramuses
Karl Smith appears to be hanging out with some economists who have trained themselves into being incapable of seeing what is going on around them. Their idea of why the employment-to-population ratio is so low right now is something like this:
At the end of 2008, for some reason or another, an extraordinary mismatch suddenly developed between the skills of American workers and the requirements of industry. Thus the employment-to-population ratio fell by five percentage points. And...
Monetary Easing Achieved Through "Competitive Devaluation" Is Better than No Monetary Easing
Mark Thoma three hundred miles north along The Five informs me that Barry Eichengreen five feet north through the office wall has written yet another good column:
Barry Eichengreen: Competitive devalution to the rescue: In the 1930s, it is true, with one country after another depreciating its currency, no one ended up gaining competitiveness relative to anyone else. And no country succeeded in exporting its way out of the depression, since there was no one to sell additional exports...
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