L'Esprit de l'Escalier: April 19, 2013
The way I put it: Hoover wanted liquidation accomplished, but accomplished with the least amount of human misery. Mellon thought that liquidation that was not accompanied by human misery would fail of its object. Hoover believed in "liquidation" like Schumpeter and Mellon. I bounce back and forth between thinking that Robert Murphy knows full and damned well that he is lying when he mischaracterizes me or just can't think straight. Which do you think it is?
I don't think that's right. I'm a huge fan of Tony Judt… and of George Orwell. But not of the plaster saint versions…
.@GagnonMacro .@nytimeskrugman How about startin' some talk about doubling the pace of QE3? "Joseph Gagnon @GagnonMacro 5 Apr @NYTimeskrugman I hope this ends all the foolish talk about a premature reduction in QE3. QE3 is going to last all year and into next."
@BCAppelbaum @crampell Zoroastrianis! “Let us pray to Zarathustra, let us pray just like we usedta, I’m a Zarathustra boos” #NCstatereligion
Seniors have only gained from ObamaCare: better preventive and drug coverage with no cuts in benefits. The program is being strengthened and preserved--and Republican claims that it has been cut are lies. Changes have been made to reduce waste. A month ago Paul Ryan was an enthusiastic supporter of the ObamaCare plans to reduce waste in Medicare. Now he--and the other Republicans--want to run as the party of waste, fraud, and abuse. Let them.
"ECONOMIST HULK @ECONOMISTHULK: .@Hariboconomics HULK'S VIEWS OF UK MACROECONOMY MAKE HULK POPULAR WITH NO ONE. HULK HAVE SLIGHTLY SUBTLE POSITION NOT YET READY FOR TWITTER"
"Dani Rodrik @rodrikdani: Just received "Austerity: The History of a Dangerous Idea" by Mark Blyth. It takes a political scientist to expose economists' delusion."
"Jean-Philippe Stijns @jpstijns: RT @altmandaniel Odd that @TheEconomist includes Krueger & not Romer on Fed short list [given] their academic backgrounds. @delong @gdemom"
"Rob Tow @robtow: @delong I count SEVEN errors of fact in one Graeber sentence about Apple. If he gets the anthro of living Silicon Valley so wrong why credit else?"
@ObsoleteDogma Well, what do you want @davidgraeber to say? That Korean-American really do hate on everybody else like Saul hated on Amalek?
“.@billmon1: "Communism = pasta machines + electrification of the country." +∞
"Prajwal Ciryam @prajwalciryam 3 Apr @delong I just assumed Ray Kurzweil had managed to reanimate Bentham. I am SHOCKED that @StuffedJeremyB is only an evocation. #CiryamErrors