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J. Bradford DeLong
Berkeley, CA
J. Bradford DeLong is an economist teaching at the University of California at Berkeley.
Interests: history, economic history, information age, political economy, grand strategy, international relations, material culture., information technology, economics
Recent Activity
**Live from the Little England of the Black Shorts: James Ball et al.:**: [Stock Market Loses Billions As Banks And Housebuilders Suffer Hardest](https://www.buzzfeed.com/jamesball/the-pound-is-on-a-rollercoaster-ride-as-uk-referendum-result): "Stock markets around the world collapsed and the pound plunged on news that Britain’s electorate... >...had emphatically voted to leave the European Union in Thursday’s referendum.Banks including... Continue reading
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**Martin Luther King, Jr.** (1965): [Address at the Conclusion of the Selma to Montgomery March**](http://kingencyclopedia.stanford.edu/encyclopedia/documentsentry/doc_address_at_the_conclusion_of_selma_march.1.html): "If it may be said of the slavery era that the white man took the world and gave the Negro Jesus, then it may be said of the Reconstruction era that the southern aristocracy took... Continue reading
**John Maynard Keynes (1925):** _Am I a Liberal?_: "If one is born a political animal, it is most uncomfortable... >...not to belong to a party; cold and lonely and futile it is. If your party is strong, and its programme and its philosophy sympathetic, satisfying the gregarious, practical, and intellectual... Continue reading
**Comment of the DaySkahammer**: [I think the game changed with the election of Obama](http://www.bradford-delong.com/2016/06/must-read-i-want-to-play-the-bipartisan-technocrat-policy-game-the-old-conventional-wisdom-was-that-playing-that-game.html?cid=6a00e551f08003883401bb091584dd970d#comment-6a00e551f08003883401bb091584dd970d): "I resisted this conclusion through his first term because it seemed so reductive... >...But his second term has convinced me that the Republican electorate just won't tolerate any compromise with an Executive Branch headed by a... Continue reading
John Maynard Keynes (1919) _The Economic Consequences of the Peace_ >Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe has lived for the last half century. We assume some of the most peculiar and temporary of... Continue reading
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**Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads:** * **Nick Bunker**: [Weekend reading: “Heading for the Brexits” edition - Equitable Growth](http://equitablegrowth.org/weekend-reading-heading-for-the-brexits-edition/) * **Paul Krugman**: [Brexit: The Morning After](http://equitablegrowth.org/?p=27481) * **Felix Salmon**: [Little England Just Screwed Us All](http://equitablegrowth.org/?p=27478) * **Charlie Stross**: ["Tomorrow Belongs to Me"](http://equitablegrowth.org/?p=27476) * **Martin Wolf**: [Brexit: David Cameron, the Ex-Prime Minister,... Continue reading
**Must-Read: Felix Salmon**: [Little England Just Screwed Us All](http://equitablegrowth.org/?p=27478): "The world’s bond markets (and, even more, its foreign-exchange markets) tell you everything you need to know... >...Recession in the UK, quite possibly recession in Europe, and extremely nasty spillover effects in the rest of the world, including the U.S. The... Continue reading
**Must-Read:** Brexit Edition. The very sharp Charlie Stross writes from Caledonia: **Charlie Stross**: ["Tomorrow Belongs to Me"](http://equitablegrowth.org/?p=27476): "Okay, so the idiots did it; they broke the UK... >...The Brexit referendum was initially a red herring; a proxy struggle for control of the Conservative Party, with Boris Johnson suddenly turning his... Continue reading
**Must-Read:** I disagree with Paul Krugman: not "Brexit just brings to a head an abscess that would have burst fairly soon in any case..." but rather: Brexit evolves antibiotic-resistant bacteria and brings to a head an abscess that would probably have drained itself gradually--and could still have been treated... **Paul... Continue reading
**Must-Read:** The very sharp Martin Wolf sees structural recession in Britain's near future. People minimizing risk are going to leave Britain. People who would otherwise locate in Britain and are risk-shy are going to pause and wait and see. The Bank of England needs to drop the value of the... Continue reading
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[**No Longer so Live at Project Syndicate:**](https://www.project-syndicate.org/commentary/federal-reserve-bad-forecasts-uncertainty-by-j--bradford-delong-2016-05) I find myself increasingly believing that the side of the scale that says the Federal Reserve is in the process of losing its credibility is the heavier. And this past week added another weight to that side of the scale. Over at Bloomberg... Continue reading
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**Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads:** * **Bloomberg**: [Brexit](http://www.bloomberg.com/) * **Ria Misra**: [No, Now This Is Officially the Hottest Earth Has Ever Been [UPDATING]](http://gizmodo.com/no-now-this-is-officially-the-hottest-earth-has-ever-b-1763550051) * **Jamelle Bouie**: [Is American Really in an Anti-Establishment Rage?](http://equitablegrowth.org/?p=27458) * **John Tang**: [The Engine and the Reaper: Industrialization and Mortality in Early Modern Japan](http://equitablegrowth.org/?p=27456) * **Barry... Continue reading
**The History Place**: [World War I Timeline - 1916](http://www.historyplace.com/worldhistory/firstworldwar/index-1916.html): >The Allies begin a week-long artillery bombardment of German defensive positions on the Somme River in northern France, in preparation for a major British-led offensive. Over 1.5 million shells are fired along a 15-mile front to pulverize the intricate German trench... Continue reading
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**Must-Read: Bloomberg**: [Brexit](http://www.bloomberg.com/): Continue reading
**Live from the Republicans' Self-Made Gehenna: Storify**: [Thomas H. Crown: Donald Trump--The Developer](https://storify.com/towittertoo/the-developer): Best breakdown of Trump I've read yet! Thank you @ThomasHCrown! [View the story "The Developer" on Storify] Continue reading
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**Must-Read:** Courtesy of Erik Loomis of [Lawyers, Guns, and Money](http://www.lawyersgunsmoneyblog.com/2016/06/all-the-record-heat): Yes, it is hot. But it's a dry heat. Why do you ask?: **Ria Misra**: [No, Now This Is Officially the Hottest Earth Has Ever Been [UPDATING]](http://gizmodo.com/no-now-this-is-officially-the-hottest-earth-has-ever-b-1763550051): "It’s getting pretty hard to keep track of all the heat records we’ve... Continue reading
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**Live from the Republicans' Self-Made Gehenna:** Yes, the whole Trump operation is a grift. Why do you ask?: Continue reading
**Comment of the Day: Jorgensen**: ["Obama being black](http://www.bradford-delong.com/2016/06/must-read-i-want-to-play-the-bipartisan-technocrat-policy-game-the-old-conventional-wisdom-was-that-playing-that-game.html?cid=6a00e551f08003883401b7c872275e970b#comment-6a00e551f08003883401b7c872275e970b) is just a small incremental change... >...It seems to me, as a Canadian, that American politics steadily descended through the 1960s and 1970s. Jimmy Carter was perceived to be weak and encouraged a Republican feeding frenzy. Under Clinton, the Republicans got to... Continue reading
**Must-Read: John Tang**: [The Engine and the Reaper: Industrialization and Mortality in Early Modern Japan](http://equitablegrowth.org/?p=27456): "Economic development leads to improved health over time due to increased access to medical treatment, sanitation, and income... >...but in the short run the relationship may be negative given disease exposure from market integration. Using... Continue reading
**Must-Read: Jamelle Bouie**: [Is American Really in an Anti-Establishment Rage?](http://equitablegrowth.org/?p=27458): "The same people who disapprove of Congress will readily re-elect most members to the House and Senate... >...Just 24 percent of Americans described themselves as ‘angry’ about the federal government.... Forty-seven percent said they were dissatisfied, which is similarly low... Continue reading
**Must-Read:** One of the forms racism takes in America today is the belief that whenever anything goes wrong it must have given money away to poor, shiftless Black people. Today this song is being reprised by--who else?--Larry Kudlow and Steven Moore. The very sharp Barry Ritholtz does the intellectual garbage... Continue reading
**Live from the Republicans' Self-Made Gehenna: Josh Marshall**: [For Trump, Almost Normal](http://talkingpointsmemo.com/edblog/for-trump-almost-normal): "I don't know if you heard Donald Trump's anti-Hillary speech... >...a slew of demonstrable falsehoods... overheated argument about Hillary being responsible for the deaths of thousands and using the State Department as her own 'private hedge fund.' A... Continue reading
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**Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads:** * **Nick Bunker**: [Making automatic stabilizers more effective for the next U.S. recession - Equitable Growth](http://equitablegrowth.org/making-automatic-stabilizers-more-effective-for-the-next-u-s-recession/) * **Nisha Chikhale**: [The promises and perils of health care consolidation - Equitable Growth](http://equitablegrowth.org/the-promises-and-perils-of-health-care-consolidation/) * **Nick Bunker**: [What’s behind the decline in male labor force participation in the United... Continue reading
**The History Place**: [World War I Timeline](http://www.historyplace.com/worldhistory/firstworldwar/index-1916.html): >Germans resume their offensive near Verdun, targeting Fort Souville which overlooks the city and the Meuse bridges. Using poisonous phosgene gas at the start of the attack, they initially take the village of Fleury just two miles north of Verdun, but further advance... Continue reading