• The Keynesian Cure

    J. Bradford DeLong calls for “more aggregate demand.”  Some of the responses: “More debt!  Let’s party!”  “Maybe we should stop looking for ways to keep moving at locomotive speeds.  Take a walk for a while.”  “So, the levees have failed and flooding has ensued.  Your plan is to pump like mad then rebuild in the […]

  • Galbraith’s “Last Taboo”: 84-0

    At the New America Foundation, James Galbraith, Randall Wray and Timothy Bartik offer their policy proposals for dealing with the jobs crisis.  These three gentlemen apparently believe that the jobs crisis is merely a symptom of some mysterious financial or structural crisis that itself needs to be addressed by “better government regulation” or something like […]