J. Bradford DeLong's Blog, page 2236
August 7, 2010
Methinks Ezra Klein Gets Snookered...
Ezra Klein likes Paul Ryan. Methinks that this is the first time Ezra has run into a charming and personable Republican selling deficit-exploding plans as deficit reducing ones.
But some of us have seen this story many times before...
August 6, 2010
A Question for Tyler Cowen
Tyler Cowen writes:
Marginal Revolution: Bruce Cumings and what he deserves: Many of you are objecting to my post on his book, either in the form of comments or emails. You are objecting to his ideology and objecting that he does not denounce the North Korean regime with sufficient fervor and with sufficient recognition of its true awfulness, though he does denounce it, using the word "reprehensible." On these points I (mostly) agree with you, the critics. Yet it is still a good book...
Paul Krugman on Peter Diamond
Paul Krugman:
Peter Diamond, Macro Maven: This is disgusting: Senate Republicans holding up Peter Diamond’s nomination to the Federal Reserve Board on the grounds that he may not be qualified to make monetary policy. Aside from the fact that the same Senators cheerfully confirmed Bush nominees who didn’t know much about economics of any kind, this is especially stupid right now. Why? Because right now one of the hot topics is whether the apparent shift in the Beveridge curve signals a...
Paul Krugman on Paul Ryan
For my entire adult life I have been watching Republicans selling deficit-exploding policies as deficit-reducing ones, and watching the press eat it up and praise them.
This has driven Paul Krugman to his current state:
Paul Krugman: The Flimflam Man: One depressing aspect of American politics is the susceptibility of the political and media establishment to charlatans. You might have thought, given past experience, that D.C. insiders would be on their guard against conservatives with...
No, I Have No Insight into What's Going On...
Ed Luce:
Politics & Foreign policy - US economic adviser Romer steps down: Christina Romer, head of the Council of Economic Advisers, on Thursday became the second prominent member of Barack Obama’s economic team to resign following last week’s departure of Peter Orszag, the White House budget director. Ms Romer, who will return to her job teaching economics at the University of California at Berkeley, said in a statement on Thursday evening that it had been “the honour of a lifetime” to...
Welfare Economics
Uwe Reinhardt begins to explain why health care is special:
Is Health Care Special?: [L:]eaving aside speculation on the moral dimensions of health care that providers and their patients — or, for that matter, readers of this post — might contemplate, it should be noted that economists, too, have long wrestled with the question of whether health care stands apart from other goods and services traded in the market place.... The question of in what way health care is special, if at all...
August 5, 2010
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