J. Bradford DeLong's Blog, page 2263
July 5, 2010
Somehow "Ministry of Truth" Seems a Good Title for Yaacov Lozowick...
Yaacov Lozowick writes:
Yaacov Lozowick's Ruminations: Ministry of Truth: Glenn Greenwald today compared the Nazi invasion of Austria, the Sudetenland and Czechoslovakia, with the American invasion of Iraq. By the end of the same post he hedges his bets, and adds that he's not really making the comparison, unless he is but he isn't. Having seen the firestorm of protest he ignited, he than adds three times that he didn't make the comparison....
There was no Nazi invasion of the...
Department of "Huh!?": Raghu Rajan Is a Member of the Pain Caucus, and I Don't Understand Why...
Raghu Rajan:
But this recession is not a “usual” recession. It followed a period of ultra-low interest rates when interest sensitive segments of the economy got a tremendous boost. The United States had far too much productive capacity devoted to durable goods and houses, because consumers could obtain financing for them easily. With households recovering slowly from the overhang of debt resulting from the binge, and with lenders extremely risk averse, it is unrealistic to expect...
Duncan Black Claims that "Denying Reality Is Not a Plan." Duncan Black Is Wrong!
Duncan Black:
Just Like Toothpaste: Heckuva job.
Just weeks ago, Mississippi Gov. Haley Barbour claimed that oil was not a big threat to the people of the Gulf Coast. Now, with oil hitting his state's beaches for the first time since the start of the BP spill, the Republican governor says his state isn't prepared for the spill and needs more help.
Don't know why so many politicians think that denying reality is a plan.
Because denying reality is...
Secretary of State Cordell Hull Liveblogs World War II: July 5, 1940
Cordell Hull:
Statement by the Secretary of State: The American Chargé d' Affaires in Berlin has communicated to the Department the text of a note dated July 1, which he has received from the German Minister of Foreign Affairs.
The note in question refers to the note delivered by the American Chargé d' Affairs under instructions of the Government of the United State on June 18, in which this Government informed the Government of the German Reich that it would not recognize any...
July 4, 2010
Eleanor Roosevelt Liveblogs World War II: July 4, 1940
Eleanor Roosevelt:
My Day by Eleanor Roosevelt, July 4, 1940: Our forefathers wrote the Declaration of Independence and on that Declaration our Constitution was based. We fought as a young nation for the ideas that were expressed by the men who wrote this document. Though sometimes it seems as though, during the intervening years, we had forgotten all that document implies, the events of the last few months have made many of us think over carefully what are the things which really...
July 3, 2010
links for 2010-07-03
What to the Slave is the Fourth of July?
Frederick Douglass, 1852:
What to the Slave is the Fourth of July?: Mr. President, Friends and Fellow Citizens: He who could address this audience without a quailing sensation, has stronger nerves than I have. I do not remember ever to have appeared as a speaker before any assembly more shrinkingly, nor with greater distrust of my ability, than I do this day. A feeling has crept over me, quite unfavorable to the exercise of my limited powers of speech. The task before me is one which...
The Financial Crisis Inquiry Commission: Felix Salmon Has a Vain Hope
Felix Salmon:
How the FCIC can help the regulation debate: Yesterday, Barbara Kiviat asked why we’re even bothering with the Financial Crisis Inquiry Commission.... Her answer is a good one: reform isn’t over yet, and there will be further bills... the FCIC’s report can and should inform all of that.
But another answer to Barbara’s question is given by John Taylor today, who has decided to publish a highly contentious and unhelpful criticism of the Dodd-Frank bill in the WSJ...
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