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Tag Archives: #highlighted

Why Storm the Capitol Building & Then Do Nothing But Take Selfies?—Grasping Reality Newsletter @ Subsstack

Over at Substack: Why Storm the Capitol Building & Then Do Nothing But Take Selfies? https://braddelong.substack.com/p/why-storm-the-capitol-building-and: What did the people who stormed the Capitol building on January 6, 2021 think what’s going to happen? Let us look at what happened at the other end of Pennsylvania Avenue before the insurrection. At the beginning of Donald Trump speech, he tells his audience that they are the overwhelming majority of America, and that the corrupt...

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What Lifted Trump Could Sink Biden—Project Syndicate

J. Bradford DeLong: What Lifted Trump Could Sink Biden https://www.project-syndicate.org/commentary/austerity-will-kill-the-income-growth-that-helped-trump-by-j-bradford-delong-2020-12?referral=8420da: ‘Donald Trump managed to receive 74 million votes despite countless failures for the simple reason that he presided over three years of a high-pressure economy in which wages grew rapidly. If the Democrats ignore this lesson or listen to fiscal hawks already pushing for austerity, they will...

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I Should Launch My Substack, Shouldn’t I?

Grasping Reality Wednesday Newsletter: On My Mind Right Now: The Current State of the Coronavirus Plague https://braddelong.substack.com/p/on-my-mind-right-now-the-current: ‘We do need to pick a day for this. Let’s pick Wednesday… And what is on my mind right now is the scale and economic impact of the coronavirus plague: Reported case numbers for the coronavirus plague are worth little. Deaths—as long as the health-care system is not in collapse—tell us that there were between 100 and...

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Brad DeLong & Om Malik: Is America in Decline?

Pairagraph: Is America in Decline? https://www.pairagraph.com/dialogue/fc2f8d46f10040d080d551c945e7a363/4 I confess I think that this came out very well as an intellectual exercise. I am, however, as I say in it, depressed that Om Malik—for whom I have enormous respect, and whose judgment is very, very good—does not have stronger arguments on his side that America is not "in decline". I had very much hoped to end this debate at least half-convinced to his side. But I am not. Sigh. I see...

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DeLongTODAY: Fear of Rising Interest Rates No Reason to Shy Away from Fiscal Expansion

DeLongTODAY: Fear of Rising Interest Rates No Reason to Shy Away from Fiscal Expansion I am Brad DeLong, an economics professor at the University of California at Berkeley and a sometime Deputy Assistant Secretary of the U.S. Treasury. This is the weekly DeLongToday briefing. Here I hold forth here on the Leigh Bureau’s vimeo platform on my guesses as to what I think you most need to know about what our economy is doing to us right now. I promised Wes Neff when he agreed to provide the...

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12.2.1-6. Lectures: Neoliberalism’s Bankruptcy :: Econ 115 F 2020

https://github.com/braddelong/public-files/blob/master/econ-115-module-12.2-lectures-neoliberalisms-bankruptcy-1.53.pptx https://www.icloud.com/keynote/0MO6Z220goOVByRPobcMpzJPQ 12.2.1. East Asia’s Miracles 22.00 min 12.2.2. China Stands Up 9.00 min 12.2.3. How Do We Think About the State’s Role Here? 10.75 min 12.2.4. The Business Cycle Background 10.75 min 12.2.5. The Coming of the Near-Second Great Depression: 2001–2009 21.75 min 12.2.6. Where Did the Regulators &...

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11.1. The Neoliberal Turn, & Hyperglobalization: Readings: Econ 115 F 2020

Anyone who wants to keep the spirit of Keynes alive has to face the failures of Keynesianism honestly, without always trying to shield the Master from the mistakes of the disciples. In essence, the Keynesian revolution was ruined by over- ambition – hubris might be a better word -driven by impatience and backed by unwarranted claims to both theoretical and practical knowledge. The monetarist counter-revolution was a plea for more modesty, and greater trust in the spontaneous forces of...

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11.2.0. The Neoliberal Turn: Intro Video: Econ 115 F 2020

.#berkeley #highlighted #neoliberalturn #politicaleconomy #slouchingtowardsutopia #tceh #2020-11-23 I have been averaging a little under an hour for these weekly powerpoint slides-with-audio, these files that substitute for the Tuesday lectures that I would be giving live if this class were live. I have been thinking that this allows me to go into greater depth and exceed that hour well it seems reasonable. And I have done so this time. Rather than coming in 30 minutes below the length...

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DeLong Debt Memo: 2020-11-17

You asked me to think about long-run downside via fiscal drag and higher required tax rates and revenues in the future, after the economy has returned to full employment, from additional debt-financed COVID depression-fighting stimulus expenditures. You asked me to think in the context of Larry Summers’s and my “Fiscal Policy in a Depressed Economy” of a decade ago. My conclusion: RIGHT NOW THERE IS NO PROSPECT OF ANY FUTURE FISCAL DRAG FROM ADDITIONAL DEBT-FINANCED FISCAL STIMULUS......

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