J. Bradford DeLong's Blog, page 2319
April 30, 2010
National Review: Capitalistic Economic Growth Is the New Communism
The Great Orqnge Satan tweets:
Who knew? Folks at NRO argue that economic growth is now communist. http://is.gd/bOFMp
April 29, 2010
links for 2010-04-29
Paul Krugman: A Catastrophe Delayed
PK: "I was rereading the spectacularly mistimed Jonung and Drea paper mocking American economists who were skeptical about the euro, and went back to what I wrote in 1998. Here's how I described the ugly American critique: 'Here's how the story has been told: a year or two or three after the introduction of the euro, a recession develops in...
Hoisted from Comments: John from Cappadocia Emails About Victor Davis Hanson, Procopius of Caesarea, and Maureen Dowd
Hoisted from Comments: John from Cappadocia:
It does strike me that there are powerful similarities between Procopius of Caesarea and one New York Times columnist, Maureen Dowd. Consider the most famous passage that Procopius ever wrote, from his History of the Campaigns of Belisarius:
The...
Ezra Klein: Republicans and Democrats Agree on Financial Reform
- Republicans and Democrats agree on financial reform -- but is that a good thing?
On health care, Obama proposed to enact RomneyCare. On FinReg, the Republicans are proposing to replace the Dodd bill with the Dodd bill:
Ezra Klein: The important takeaway from the Republican FinReg proposal is that they ... basically agree with the Democrats. At least on the big-picture stuff. They agree that the correct questions for financial reform are "how much information, and how much power, do regulators have?" In fact, their main differences with the Democrats are when they...
Greg Ip on Goldman Sachs, Jan Hatzius, and Ben Stein
Greg Ip:
Goldman Sachs: The Ben Stein defence | The Economist: GOLDMAN SACHS is being ripped apart in Washington for making a bundle by shorting the mortgage market while peddling products that would profit from continued housing bubble inflation. If the implication is that Goldman was somehow duplicitous, maybe it should call Ben Stein to its defence. Mr Stein, the economist, comedian, and actor, wrote a column in December 2007, in the New York Times, attacking Goldman’s chief US...
April 28, 2010
links for 2010-04-28
FS: "When Goldman Sachs noticed a pattern of regular losses in its mortgage book at the end of 2006, it decided to start going short, in a move which helped to position it as the most successful bank in the financial crisis. The markets have learned their lesson: now that Greece and Portugal have been downgraded, the rush to the exits is palpable: the flight to quality is on, and bond yields in the European...
Ex-Moderate California Republican Tom Campbell Rents Out Another Piece of His Soul...
Jeebus preserve us!
The SacBee reports:
Campbell said he doesn't understand the public fuss over the law. "I support it," he said. "I don't think it deserves the negative attention that it's received, if you take a look at it and actually read it."
Invisible Hispanics
Matthew Yglesias on bs from the hackish followers of George Will:
Amusing to see commenters suggest that Julian Sanchez and I don't know any Hispanics who aren't maids....
Felix Salmon and Walter Bagehot on the Greek Crisis
Felix Salmon:
Is it now too late to save Greece?: When Goldman Sachs noticed a pattern of regular losses in its mortgage book at the end of 2006, it decided to start going short, in a move which helped to position it as the most successful bank in the financial crisis. The markets have learned their lesson: now that Greece and Portugal have been downgraded, the rush to the exits is palpable: the flight to quality is on, and bond yields in the European periphery are going stratospheric...
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