J. Bradford DeLong's Blog, page 2251
July 20, 2010
DeLong Smackdown Watch: Alan Taylor Advances the Claims of Thomas Attwood
From Threadneedle Street, Alan Taylor emails that he believes that Thomas Attwood in 1817 has priority over John Stuart Mill in 1829 in figuring out the importance of financial market mechanisms in causing a "general glut":
FYI: Thomas Attwood in 1817: http://books.google.com/books?id=IcFHAAAAIAAJ&printsec=frontcover&dq=thomas+attwood&hl=en&ei=DGVFTOLMEoS0lQeNq-XEBA&sa=X&oi=book_result&ct=result&resnum=5&ved=0CEEQ6AEwBA#v=onepage&q&f=false See pages 28-42 ish -- especially 34-35...
Yes, Arnold Kling Really Is That Big a Wingnut...
Arnold Kling:
The Neo-Reactionaries: Some core beliefs that I share with the neo-reactionaries.... 3. American government has become structurally less libertarian and less democratic in recent decades.
Arnold: the Stupidest Man Alive contest is over.
America's Last Fiscal Stimulus
Annie Lowrey:
Twitter / Annie Lowrey: 2.6 million Americans to g ...: 2.6 million Americans to get unemployment benefits back -- Senate reaches cloture, 60-40.
$34 billion. Sigh
Mollie Panter-Downes Liveblogs World War II: July 20, 1940
New Yorker Letter from London:
The general atmosphere of the city is tense but by no means unhopeful, and the only really despondent people are parents who had wanted to get their children off to safety overseas... before anything appalling should happen....
Now that the scheme has been withdrawn, with a statement that the future dispatch of children must be at the parnts' own risk, a cruel dilemma is preented to those who remember with equal clarity the shambles of french...
July 19, 2010
links for 2010-07-19
Tom Schaller: Blue Dogs Be Dog-Gone Soon
Kathryn-Jean Lopez: "Mel Gibson might be my favorite feminist...
...If he's not number one on my list, he's pretty close, in competition with Pope John Paul II. As you probably suspect, I don't have in mind the usual definition of "feminism." I can guarantee you there'll be no fawning Ms...
Lemmings Marching Off a Cliff...
Wolfgang Mommsen on Max Weber:
Max Weber was not unprepared for the misfortune that befell Germany and Europe in August 1914. He was nevertheless deeply disturbed that the Reich had to face a superior coalition in the battle to retain its position as a world power. He had viewed a war for German equality to be unavoidable, and he was in principle inclined to support such a way. The war turned out to be a struggle to preserve Germany's national existence. The catastrophic diplomatic...
Critique of Niall Ferguson
We are live at the FT:
FT.com / Comment / Opinion - Deficit data and the fog of war: On first reading I found myself greatly puzzled by Niall Ferguson’s claim that:
It was [the second world war:] that saw the US (and all the other combatants) embark on fiscal expansions of the sort we have seen since 2007. So what we are witnessing today has less to do with the 1930s than with the 1940s: it is world war finance without the war...
In 1942 the US ran a federal budget deficit of 14.8...
Yet Another New York Times FAIL
Why oh why can't we have a better press corps?
Eric Boehlert:
The NYT mangles Obama's approval ratings: The Times' Op-ed page devoted all kinds of space on Sunday so influential insiders could ponder the Times' question: "How Can Obama Rebound?"... [T:]he Times Op-ed page even provided proof for why Obama's presidency need to be rescued:
Though BP managed to stop the spread of oil from its broken well last week, President Obama has been able to do little to stop the drop in his...
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