J. Bradford DeLong commented on 'Hoisted from the Archives: How I Learned to...
Yes. I was thinking: "Japan is weird, and has little to do with us over here on this side of the Pacific." Yes, I am very stupid. Yes, I have greatly sinned through my own fault.
View ArticleRobert Waldmann commented on 'Hoisted from the Archives: How I Learned to...
well you did argue for a huge fiscal stimulus. It isn't as if you opposed the ARRA. And you argued for a huger fiscal stimulus, you said it was too small. On the other hand. There you go again. You...
View ArticleDavis X. Machina commented on 'Hoisted from the Archives: How I Learned to...
Luke 15:7. Here endeth the lesson.
View Articlemike commented on 'Hoisted from the Archives: How I Learned to Stop...
If you have sinned, then I shudder to think what your fresh-water counterparts done.
View ArticleBlissex commented on 'Hoisted from the Archives: How I Learned to Stop...
What BdL is describing misses a crucial step: «This is the liquidity trap. In this situation we need deficit spending. The government spends and borrows, creating more of the safe, cashlike assets that...
View ArticleNathanael commented on 'Hoisted from the Archives: How I Learned to Stop...
Bluntly, the exception is the rich. For people sitting on great wads of money, low interest rates *do* entice them to spend on "balance sheet" items. But not for people who have to borrow. Capital...
View ArticlePetey commented on 'Hoisted from the Archives: How I Learned to Stop...
"Yes. I was thinking: "Japan is weird, and has little to do with us over here on this side of the Pacific." Even that is understandable. Weird demographic problem sorta explained it away as a special...
View ArticlePetey commented on 'Hoisted from the Archives: How I Learned to Stop...
"well you did argue for a huge fiscal stimulus. It isn't as if you opposed the ARRA." As always, ARRA wasn't "huge fiscal stimulus". It wasn't really net stimulus at all. ARRA merely equalled out state...
View ArticleNathanael commented on 'Hoisted from the Archives: How I Learned to Stop...
Specifically, raising taxes on the people who are buying the safe assets. In other words, raising taxes on the rich. Raising taxes on debtors does *not* reduce the demand for safe assets.
View ArticleRobert Waldmann commented on 'Hoisted from the Archives: How I Learned to...
Also I think the correct title is "How I learned to stop neo-classing and to love the liquidity trap." You are in good company. I "Dr Strangelove"'s subtitle should have been "how I learned to love the...
View ArticleMin commented on 'Hoisted from the Archives: How I Learned to Stop...
Don't worry. Be happy. -- Felix Culpa :)
View ArticleMerijn Knibbe commented on 'Hoisted from the Archives: How I Learned to Stop...
This is how it looks like, in real life (households edition). http://forecastchart.com/chart-housing-starts.html http://www.calculatedriskblog.com/2011/11/us-light-vehicle-sales-at-1326-million.html...
View ArticleAndy Harless commented on 'Hoisted from the Archives: How I Learned to Stop...
Ignoring Hicks is understandable, but were you also ignoring the Asian edition of the Wall Street Journal for the past 20 years?
View ArticleDonald Pretari commented on 'Hoisted from the Archives: How I Learned to Stop...
ut you lived through the S & L Crisis. For me, this book is more relevant: http://www.amazon.com/INSIDE-JOB-Looting-Americas-ebook/dp/B0036FURAO/ref=tmm_kin_title_0?ie=UTF8&m=AG56TWVU5XWC2 I'm...
View ArticleAndy Harless commented on 'Hoisted from the Archives: How I Learned to Stop...
I don't think it's central to Brad's argument. The problem is excessive demand for safe assets. The obvious solution -- the one he usually describes -- is to increase the supply. An alternative...
View ArticleJohn commented on 'Hoisted from the Archives: How I Learned to Stop...
Dear Mr. Delong I really respect you for writing this piece. Now, how do we ourselves out of this mess. No more looking back. Any ideas on how, please?
View ArticleBlissex commented on 'Hoisted from the Archives: How I Learned to Stop...
«[ ... SL scams ... ] I'm more surprised by how badly people have misjudged our Political System.» I am not surprised at all. USA voters are not moralists, they don't care how they get theirs, or even...
View ArticleMin commented on 'Hoisted from the Archives: How I Learned to Stop...
Don't worry. Be happy.-- Felix Culpa:)
View ArticleAndy Harless commented on 'Hoisted from the Archives: How I Learned to Stop...
Ignoring Hicks is understandable, but were you also ignoring the Asian edition of the Wall Street Journal for the past 20 years?
View ArticleJ. Bradford DeLong commented on 'Hoisted from the Archives: How I Learned to...
Yes. I was thinking: "Japan is weird, and has little to do with us over here on this side of the Pacific."Yes, I am very stupid. Yes, I have greatly sinned through my own fault.
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