Okun gaps, monetary accommodation, speculator overoptimism, bailouts, carry trades, bubbles, and taking away the punchbowl before the party really gets rolling. Alas! A risk neutral model, but still one that I think is of considerable use in clarifying a whole bunch of issues...
As of yesterday afternoon, I had never to my recollection ever eaten mushroom-barley soup.
Yet last night I bought mushroom barley soup last night at Whole Foods. Only now do I understand why:
Steven Brust (2006), Dzur (New York, Tor), pp. 85-6: There were several different soups that could have appeared [...]
Many bloggers are commenting on Bernanke's response to Brad DeLong's question about whether the Fed should target three percent price inflation to stimulate aggregate demand and lower unemployment. I'll offer two points:
1. We no longer have an independent central bank in this country, at least not for the time being. There [...]
Against the handwriting Nazis — Miller-McCune
You think that walking away is a Bad Thing? Tell that to Morgan Stanley! — Ritholtz
Facebook issues a statement about the Overstock/Deep Capture sockpuppetry — Weiss
Krugman teams up with DeLong against Bernanke on inflation targets — NYT
The WSJ tries to charge [...]
Does anyone know how to save a word into Blogger's dictionary?Lindsey Wilson writes:
Please look over your comment and make revisions (or let me know if everything is okay). The transcript wasn’t in good shape this time so we had to guess on some of the comments; therefore, please review your remarks carefully.
Bradford DeLong argued that the [...]
The subtitle is What Happens When Other Countries Have the Money and the authors are Stephen S. Cohen and Brad DeLong. Here is an excerpt:
The Asian export-led growth model must -- over time -- transform itself to domestic consumption and prosperity models. The American borrow-and-import model will also have [...]
He writes, among other things:
Is The Administration's Economic Thinking Incoherent?: Brad DeLong parses my piece today on the administration's struggle to create jobs while still minding the deficit and pronounces himself "increasingly bewildered about administration thinking."...
Now, obviously, not every member of the administration and every Democrat [...]
Matthew Kahn writes:
The Return of a Minor League Blogger: I twice had the chance to sit down and chat with Brad Delong. He was blogging so I didn't want to bug him but we had a chance to talk and I enjoyed it...
But I wasn't blogging! I was [...]
Will Wilkinson writes::
Anything at All?: Brad DeLong writes:
At this point, anything that boosts the government’s deficit over the next two years passes the benefit-cost test–anything at all.
30,000 more troops to Afghanistan? Anything?
He says it with special emphasis, as though he’s [...]
Stephen Bainbridge writes, apropos of (as best I can see) nothing at all:
ProfessorBainbridge.com: I don't read Kos or Brad DeLong or, for that matter, Brookings Institute position papers very often...
Let me say that in my view this is a serious mistake: reading people with whom one does not already' [...]
Things that I have not yet properly categorized:
20091202 green buildings.pdf 20091202 to market to market.pdf 20091123 delong pa.pdf 20091121 political losers ii.pdf 20091121 political losers.pdf 20091123 delong [...]James Hamilton thoughtfully lays out (HT: Brad DeLong) the risks from larger federal budget deficits. Superb.
[...]
<p style="font-size: 10px;"> <a href="http://posterous.com">Posted via web</a> from <a href="http://delong.posterous.com/note-this-is-what-is-left-after-making-sweet">delong's posterous</a> </p>
[...] Hoisted from the Archives:
Mark-My-Beliefs-to-Market Time: Archive Entry From Brad DeLong's Webjournal: I am reading Michael Mussa's brand-new very short book on the latest Argentinian financial crisis [Michael Mussa (2002), Argentina and the Fund: From Triumph to Tragedy (Washington: Institute for International Economics: 088132339X)]. In The Importance of Being Earnest, [...]
There have been many posts on this topic lately, start with Paul Krugman and Brad DeLong if you need to catch up. Today I have a few simple points:
1. Even if "it is fine to borrow more" is the most likely scenario, it is not the only scenario. Let's take [...]
1. Air Genius Gary Leff is hailed by CNN.
2. Good post on interest rates (though I am not sure I agree with it). Brad DeLong comments. Critically important stuff and two of the best recent economics blog posts, in some time.
Brad 
