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Steve LaBonne
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What makes you believe that the political system can produce those things without strong unions to push for them?
Commented Aug 3, 2011 on "The Strike That Busted Unions" at Economist's View
"The Strike That Busted Unions"
It's the anniversary of Reagan's confrontation with Patco: The Strike That Busted Unions, by Joseph A. McCartin, Commentary, NY Times: Thirty years ago today, when he threatened to fire nearly 13,000 air traffic controllers unless they called off an illegal strike, Ronald Reagan not only trans...
Obama is either a freaking idiot or is really playing for the other team. Those are the only two possible explanations for reappointing Bernanke.
Commented Apr 28, 2011 on Is Bernanke Aiming for One Percent Inflation? at Grasping Reality by Brad DeLong
Is Bernanke Aiming for One Percent Inflation?
Is Bernanke Aiming for One Percent Inflation? - Room for Debate - NYTimes.com: A few years ago former Federal Reserve governor Larry Meyer said: “If you have not noticed that the Federal Reserve is pursuing a 2 percent per year inflation target, you have not been paying attention.” To me the most...
I've lost all respect for liberal critics of his administration.
The feeling is mutual. HAMP, which required nothing from Congress, was "the best he could do"? Pull the other leg, it has bells on.
Commented Jan 19, 2011 on What Have We Unlearned from Our Great Recession? at Grasping Reality by Brad DeLong
What Have We Unlearned from Our Great Recession?
Jan 07, 2011 10:15 am, Sheraton, Governor's Square 15 American Economic Association: What's Wrong (and Right) with Economics? Implications of the Financial Crisis (A1) (Panel Discussion): Panel Moderator: JOHN QUIGGIN (University of Queensland, Australia) * BRAD DELONG (University of California-B...
10% unemployment doesn't cause a political crisis because those most hurt don't vote, and everything possible is done to discourage them from voting and to make it as difficult as possible if they nonetheless have a mind to. (Why they don't take to the street to express their anger is a different question, to which I don't have a good answer.)
Commented Jan 19, 2011 on What Have We Unlearned from Our Great Recession? at Grasping Reality by Brad DeLong
What Have We Unlearned from Our Great Recession?
Jan 07, 2011 10:15 am, Sheraton, Governor's Square 15 American Economic Association: What's Wrong (and Right) with Economics? Implications of the Financial Crisis (A1) (Panel Discussion): Panel Moderator: JOHN QUIGGIN (University of Queensland, Australia) * BRAD DELONG (University of California-B...
So why isn't Obama making these points every day? Does he not know that the deficit-hawk framing he constantly reinforces is insane and suicidal, or does he know but simply not care?
Commented Aug 12, 2010 on Stan Collender: Six Questions About the Politics of the Deficit at Grasping Reality by Brad DeLong
Stan Collender: Six Questions About the Politics of the Deficit
Stan Collender has an excellent piece: >Nieman Watchdog > Ask This > Six essential questions about the deficit, Wall Street and Washington: >1. For almost two decades we’ve been told that when you’re looking for signs of what Wall Street wants Washington to do about the federal budget, the bond m...
What fiscal stimulus? What little was done at the federal level was (at least) offset by cuts at the state and local levels. It's pretty hard to judge the effectiveness of something that didn't actually happen.
Commented Jun 14, 2010 on The Bad Logic Of Fiscal Austerity at Grasping Reality by Brad DeLong
The Bad Logic Of Fiscal Austerity
Paul Krugman: >The Bad Logic Of Fiscal Austerity: So, one more time: here’s an attempt to put together some key arguments about why the rush to fiscal austerity is deeply misguided.... [T]he US Treasury can currently issue long-term inflation-protected securities at an interest rate of 1.75%. So ...
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