And the video from October is up:
INET Edinburgh Panel: Gains from Trade: Is Comparative Advantage the Ideology of the Comparatively Advantaged?:
My notes and slides:
And the video from October is up:
INET Edinburgh Panel: Gains from Trade: Is Comparative Advantage the Ideology of the Comparatively Advantaged?:
My notes and slides:
Should-Read: The very sharp Binyamin Applebaum had an interesting rant yesterday: Binyamin Applebaum: @BCAppelbaum on Twitter: "I am not sure there is a defensible case for the discipline of macroeconomics if they can’t at least agree on the ground rules for evaluating tax policy...
November 30, 2017 at 06:15 AM in Berkeley, Economics: Growth, Economics: Inequality, Economics: Macro, Information: Better Press Corps/Journamalism, Information: Internet, Moral Responsibility, Political Economy, Politics, Streams: Economics, Streams: Equitable Growth, Streams: Highlighted | Permalink | Comments (26)
Yes. The New York Times is in hell, nor are we out of it. What else do you want to know?: Steve M.: ALL THE WAYS THE NEW YORK TIMES IS DEFENDING THAT NAZI NORMALIZATION STORY: "I don't think it's 'indisputable' that we 'need to shed more light...
...on the most extreme corners of American life and the people who inhabit them...
if what that means is that we see extremists going to the grocery store and cooking pasta. If all you have to say as a reporter is that the Nazis next door are not cartoon villains, that's not "shedding light," because they are engaged in monstrous activity when they're not shopping for food and cooking and you're ignoring that. That's what we need to know about. Or we need to know what happens to people on the receiving end of what these Nazis do. Banality of evil? Stipulated. Don't waste our time on what we already know.
Must-Read: The shared omerta among former The Old New Republic editors—those who had the title and were supposed to be running the office—Michael Kinsley, Hendrick Hertzberg, Andrew Sullivan, Chick Lane, Peter Beinart, Franklin Foer, and Richard Just—is quite something. For people who have made their professional lives out of bing willing to say strident and contrarian things about pretty much anything on the drop of their hat, their collective and individual silence is quite remarkable:
Sarah Wildman: I was harassed at the [Old] New Republic. I spoke up. Nothing happened: "Last week, I reached out to [Peter] Beinart, who now teaches journalism at the City University of New York and is a contributing editor at the Atlantic and a columnist for the Forward...
...He quickly confirmed that I'd come to him at the time.
Live from the Kinsley, Hertzberg, Sullivan Self-Made Gehenna: Apropos of Leon Wieseltier, their role thereof, and their silence regarding their role:
It was pretty clear to me back in the late 1980s that, if you went to work for Marty Peretz at Old The New Republic, you either got yourself fired in relatively short order, or you demonstrated that you had a badly defective moral compass.
I agree with Matthew Yglesias here: This from Franklin Foer simply does not pass the most-basic "plausibility" test. "I was totally oblivious to what was going on in the office I ran" = "I took and kept a job at which I was totally incompetent". I don't think anybody has ever called Franklin Foer incompetent. And what we are hearing is not about the various editors-in-chief's ignorance. What we are hearing is about the various editors-in-chief's complicity.
Matthew Yglesias: @mattyglesias on Twitter: "I’m a little confused as to what story we’re being told about male OTNR editors’ knowledge of the situation...
Should-Read: Brian Buetler: The Seeds of Media Self-Sabotage: "In explaining last week why Sean Hannity had once called Julian Assange an enemy of the United States, but now—thanks to Assange’s in-kind support for Donald Trump—proposes a U.S. government-Wikileaks alliance, CNN’s Dana Bash called it 'classic politics'...
Anybody have any suggestions?
UPDATE: OK. There are no suggestions for high quality DeLong smackdowns. And there is one request in comments for a Kevin Hassett smackdown, with a link. So here goes:
Jim Tankerley: Trump’s Top Economist Says Corporate Tax Cuts Will Lift Workers’ Wages: "[Kevin Hassett of] the Trump administration on Monday... ignor[ed]... studies that showed few benefits from corporate tax cuts for average workers and relyi[ed]... on research that supported a politically desirable result...
UPDATE: I wrote a letter apropos of this to Chancellor Carol Christ...
Somehow I do think the New York Times could have put more thought into their questions for the community of the University of California at Berkeley https://www.nytimes.com/interactive/2017/09/19/us/formacist-ucberkeley-callout.html?_r=0.
I think that they could have written better questions, if only they had read the "Terms of Service" they require those of us answering their questions to agree to.
No: They did not publish this. But worth noting is that they did not even try to get it right. And they still don't try:
Professor J. Bradford DeLong
Department of Economics
601 Evans Hall, #3880
University of California at Berkeley
Berkeley, CA 94720-3880
September 15, 1997
Letters to the Editor
The Wall Street Journal
1155 Avenue of the Americas
New York, NY
Dear Mesdames and Sirs:
Must-Read: How is one to think about America's transition from the age of interest-group liberalism to the age of Fox News?
Jerry Taylor: How to Change Public Opinion: "Political scientists... offer a pretty good road map for those who want to effectively go about “waging and winning the war of ideas”... https://niskanencenter.org/blog/how-to-change-public-opinion/
Note to Self: Project Jupyter: Jupyter Notebook Viewer: "A simple way to share Jupyter Notebooks..." http://nbviewer.jupyter.org/ note: change: "https://www.dropbox.com/" to "http://nbviewer.jupyter.org/urls/dl.dropbox.com/"...
Must-Read: This morning it is Jonathan Portes who is unhappy with the New York Times. And I agree. But it's not just the level at which the organization is performing. It is that the organization is moving in the wrong direction. For example:
Those beats won't sweeten themselves!
I think that the New York Times has made a decision. I think that the organization has concluded that "data journalism" and "explainer journalism" were just fads—that the road to advertising sustainability consists of a combination of (a) clickbait and (b) being careful to flatter all of their inside sources equally, via opinions-of-shape-of-earth-differ journalism.
This produces stories that are not informative, abandons any hope of someday becoming a trustworthy information intermediary. And it produces stories that are not pleasing to Jonathan:
Jonathan Portes: The New York Times, Brexit, and the balance of bulls---: "Two articles published recently by the New York Times... on Brexit... http://www.independent.co.uk/news/business/comment/brexit-opinions-remain-brexiteer-bull-bs-leave-eu-new-york-times-jenni-russell-daniel-hannan-a7880401.html
Hoisted from 2007: Why Oh Why Can't We Have a Better Press Corps? (Yet Another New York Times Edition) http://www.bradford-delong.com/2007/01/why_oh_why_cant_3.html: David Brooks says Nanci Pelosi is some kind of hereditary plutocrat, like George W. Bush:
Paul Gigot of the Wall Street Journal Predicts the Failure of Clintonomics: A Historical Document from 1993 http://www.bradford-delong.com/2007/07/a-historical--1.html: One evasion in Ken Auletta's piece on the Wall Street Journal stands out: his quoting without comment of Norman Pearlstine's claim that Paul Gigot “was a first-rate reporter...
He was not.
Live from the Orange-Haired Baboon Cage: Alexandra Erin: Whoo. Okay: "Lot of stuff happening but I'm going to dig into this 100% bonkers interview transcript from the WSJ...https://twitter.com/alexandraerin/status/892844946855571456
I'm doing this for two reasons. One is that the whole thing is absolutely banaphone. Cellular, modular, interactivodular. Two is that ever since I picked up the trend of periodicals backing their Trump articles with ~lightly edited for clarity~ transcripts, I have been praying that someone would leak the unexpurgated version of one of them, and it would be rude to ignore an answered prayer...
If Gerard Baker really thinks going the extra mile to be an obsequious courtier to Trump is a way for him to build trust that the WSJ news pages are and are "seen as objective", he is wrong. But I really do not believe Gerald Baker thinks that is the case:
Gerard Baker (January 4, 2017): Trump, ‘Lies’ and Honest Journalism: "Why editors should be careful about making selective moral judgments about false statements... https://www.wsj.com/articles/trump-lies-and-honest-journalism-1483557700
Live from the Orange-Haired Baboon Cage: Wall Street Journal honcho Gerard Baker [unprintables] Donald Trump.
I do wonder why this isn't sufficient for a unanimous-cabinet Amendment 25 solution. And Wall Street Journal honcho Gerard Baker doesn't look too sharp and competent either:
Josh Dawsey and Hadas Gold: Full transcript: Trump’s Wall Street Journal interview: "President Donald Trump called his son-in-law a 'good boy' while thanking Wall Street Journal editor-in-chief Gerard Baker for a positive editorial... http://www.politico.com/story/2017/08/01/trump-wall-street-journal-interview-full-transcript-241214
Also apropos of the three neoliberalisms: (1) Mont Pelerin; (2) Charlie Peters; and (3) anti-Black, anti-woman, anti-Arab, anti-union—and anti-French:
With the opening of "Dunkirk", time to hoist and highlight this:
2006: Nick Gillespie Has Had It with Marty Peretz ("Lafayette! Nous Sommes Ici!" Department) http://www.bradford-delong.com/2006/09/nick_gillespie_.html: He writes, accurately and correctly:
Hit and Run: They're starting to shit themselves in public... TNR owner and "Spine" blogger Marty Peretz is enacting the cyberspatial equivalent... with posts such as this one on French jokes:
Live from the Journamalists' Self-Made Gehenna: "We did and are doing great work, and the Washington Post management is shutting us down". The Washington Post moves in the anti-Vox, anti-Ezra Klein direction, moving away from explainer journalism. Back to "opinions of shape of earth differ!" (which never went away)? Inquiring minds want to know:
Max Ehrenfreund: Wonkbook: This is Wonkbook's final issue—for now: "This is the last issue of Wonkbook you'll see for a while, but we'll be back soon...
Live from the Journamalists' Self-Made Gehenna: Apropos of: Gillian White: Emerson Collective Acquires Majority Stake in The Atlantic https://www.theatlantic.com/business/archive/2017/07/emerson-collective-atlantic-coalition/535215/
My two cents is that Laurene Powell Jobs should move editor-in-chief Jeffrey Goldberg out of the Atlantic as fast as possible.
It would give it a chance of becoming a trustworthy information intermediary.
Jeffrey Goldberg (2010): Yes, Yes, I Know I Started the Iraq War http://www.theatlantic.com/national/archive/2010/06/yes-yes-i-know-i-started-the-iraq-war/58780/: "I'm getting a bit of the Two Minutes' Hate from the usual suspects...
Hoisted from 2007: Why Oh Why Can't We Have a Better Press Corps? (Yet Another David Brooks/New York Times Edition): I can't stand it. I can't keep quiet any more... http://www.bradford-delong.com/2007/07/why-oh-why-ca-3.html
...Could the New York Times please replace David Brooks with a literate columnist: somebody with minimal, and I mean minimal, contact--even contact through the Cliff Notes versions alone would do--with the Western cultural heritage? Somebody who has seen, heard, or read at least one thing like Medea or Agamemnon or some version of the Song of the Waelsungs (Wagner's Ring operas would do) or Tam Lin?
Live from the New York Times: Which is a hell of a truly remarkable order of magnitude...
Lucy Huber: Course Catalog for David Brooks’ Elite Sandwich College: "'Recently I took a friend with only a high school degree to lunch... https://www.mcsweeneys.net/articles/course-catalog-for-david-brooks-elite-sandwich-college
Live from the New York Times, Which Is a Self-Made Gehenna: Adam Server: Mazel Tov Cocktail on Twitter: "The best part of the Brooks column is the premise that in the northeast only people with a college education are familiar with Italian food..." https://twitter.com/AdamSerwer/status/884765552157315073
Should-Read: Patrick Iber: On Twitter: ".@davidsess has a phenomenal review/essay of @dandrezner's The Ideas Industry in the latest @NewRepublic... https://twitter.com/PatrickIber/status/874438806287659008
Not as bad as Kevin Hassett's declarations that CERN's Large Hadron Collider might "swallow the Earth" and that the U.S. has "no recourse short of military action" to deal with the fact that "as science progresses, the possibility climbs ever higher that the fondest dreams of scientists might entail risks of planetary destruction.... The best science explores things far from our understanding. How can we know that things we do not understand will not kill us?"
But very bad even so:
Kevin Hassett (June 18, 2007): Why Did the Fed Help North Korea Launder Money? https://www.aei.org/publication/why-did-the-fed-help-north-korea-launder-money/: "Last week the New York Federal Reserve made what may go down as the most misguided move in the history of the Federal Reserve system....
Should-Read: Brad DeLong (2007): Tom Grubisich Is One Unhappy Camper: "Tom Grubisich... a former Washington Post reporter and editor [says]... http://www.bradford-delong.com/2007/05/tom_grubisich_i.html
This may be the best thing I have written on how little the Washington journamalists know, and how desperately eager they are to play Dingbat Kabuki and tell little lies to pretend to people that they know more than they do:
Hoisted from Ten Years Ago: Kevin Drum on Joe Klein and the Little Deceptions of the Mainstream Media http://www.bradford-delong.com/2007/06/kevin_drum_on_j.html: Kevin Drum writes: "The Washington Monthly: THE POLITICAL PAST TENSE.... In his column this week griping about blogger bile, Joe Klein lets us in on a trick of the trade...
Hoisted from Ten Years Ago: plus ca change, plus ca meme chose:
Duncan Black http://www.eschatonblog.com/2007_06_03_archive.html#8709637863335883566: "The ghost of Joseph Heller is channeled by Bernstein and O'Reilly to reflect 15 years of reporting on the Clintons...
...O'REILLY: Did she break the law? BERNSTEIN: Yes. O'REILLY: OK. Good, I like this. How did she break the law? BERNSTEIN: She broke the law if, indeed, she perjured herself. O'REILLY: Well, you just said she did break the law. BERNSTEIN: No. The special prosecutor determined that she did not. So he did not file the charge. O'REILLY: So you think she did. But the special prosecutor, Ken Starr, said no. BERNSTEIN: That is correct. You know what? Let me be really straightforward. I don't think she broke the law. I think there was a time that she did not tell the truth. O'REILLY: Under oath? BERNSTEIN: You know, I wasn't in the room.
Hoisted from June 4, 2007: Neil Henry vs. Jay Rosen Future-of-Journalism Smackdown! http://www.bradford-delong.com/2007/06/neil_henry_vs_j_1.html: "Excuse me, I need to worship my idol a bit more... There... That's better...
Live from the Journamalists' Self-Made Gehenna: So the New York Times is firing its awful public editor, Liz Spayd. Friday—that is, two days from now—cutting her three-year position down to one. It is also taking advantage of the opportunity to eliminate the position. https://www.nytimes.com/2017/05/31/business/media/new-york-times-buyouts.html
Jared Kushner beat sweetener by Glenn Thrush, Maggie Haberman and Sharon LaFraniere—all the news that flatters our sources, because we think being a trustworthy information intermediary is for real losers:
Scott Lemieux: Hey, Harvard Doesn't Sell Its Degrees to Just Anyone!: "Truly, the reincarnation of Machiavelli walks among us... http://www.lawyersgunsmoneyblog.com/2017/05/hey-harvard-doesnt-just-sell-degrees-anyone
Live from the Journamalists' Self-Made Gehenna: I remember that it was in July 2005 that I realized that Michael Kinsley had no true friends...
The Highest Broderism of Them All: A Historical Document http://delong.typepad.com/sdj/2007/07/the-highest-bro.html: Just think what had to be going through their minds—Broder's, his editors', and their bosses'—to print this piece of just-you-wait-Nixon-is-going-to-get-his-revenge-on-all-those-Democrats-and-wimpy-Republicans fanfic 29 days before Nixon's resignation:
David S. Broder (1974), "If Congress Refuses to Impeach..." Washington Post (July 10), p. A 30: "With the oral arguments before the Supreme Court completed...
Live from the Journamalists' Self-Made Gehenna: David Weigel: This one Clinton quote shows why her supporters hate the media: "It's 2017, and a president who was opaque about many of his policy plans during the campaign is now being asked to fund rural broadband projects...
Hoisted from the Archives from 2005: Why Oh Why Can't We Have a Better Press Corps? (Yet Another Washington Post Edition): "Why Oh Why Can't We Have a Better Press Corps? (Yet Another Washington Post Edition) I'm sitting here high above Berkeley in the Lipman Room of Barrows Hall...
...at a conference on 'The Changing Economics of News: Why Will Pay for Excellent Journalism in the Future?' And I'm thinking about another conference report from last month, here Matthew Yglesias reported on a panel in Virginia Beach that he was on along with the Washington Post's Mike Allen:
An Open Letter to Michael Kinsley: Do you really think that there is nothing that you can find that would be better to see in the LA Times than this line of c---?
David Gelernter: You might argue that dark-skinned people are a special case, given the way the United States has treated them. I agree -- we have treated them so solicitously, and worked so hard to suppress racial prejudice, that dark-skinned people owe their country the benefit of the doubt...
It is not just his own reputation as a human being that he is shredding. It is your reputation as an editor that he is shredding as well
Let us start with two texts this morning:
Paul Krugman: Don't Blame Macroeconomics (Wonkish And Petty): "Robert Skidelsky... argues, quite correctly in my view, that economists have become far too inward-looking...
...But his prime examples of economics malfeasance are, well, terrible.... [The] more or less standard model of macroeconomics when interest rates are near zero [is] IS-LM in some form.... [And] policy had exactly the effects it was “supposed to.” Now, policymakers chose not to believe this.... And yes, some economists gave them cover. But that’s a very different story from the claim that economics failed to offer useful guidance...
Simon Wren-Lewis: Misrepresenting Academic Economists: "The majority of academic macroeconomists were always against austerity...
Live from the Journamalists' Self-Made Gehenna: Glenn Thrush and Maggy Haberman of the New York Times, in their eagerness to please their sources, cannot even remember what they themselves wrote 48 hours before, can they?
Ben Walsh: The NYT on the 23rd vs. the 25th: "Jared Kushner's opposition to ACHA got stronger after it failed...
Weekend Reading: Tom Levenson: Why I Hate The NY Times, Part n: "This paragraph [by Margot Sanger-Katz]...
...There is most likely a middle way. Republican lawmakers might be comfortable with a system that shifts more of the costs of care onto people who are sick, if it makes the average insurance plan less costly for the healthy. But making those choices would mean engaging in very real trade-offs, less simple than their talking point.
Outsourced to: Elizabeth Kolbert: Hosed: "One commentator predicted that by 1930 horse manure would reach the level of Manhattan’s third-story windows...
We need to remember who the deniers and the skeptics have been over the past 30 years: bad judgments and corrupt arguments need to be remembered.
First of all: I'm looking at you, Steve Dubner and Steve Levitt...
Live from the Orange-Haired Baboon Cage: Duncan Black: Does No One Tell Him?: "Constant lying... about his massive electoral college victory...
Why can't "fiscal conservatives" ever man up and take responsibility for their actions and their lives?
When you try to starve the government, sometimes you succeed--and then things that need to be done don't get done. Shame on the LA Time for publishing this.
Outsourced to Kevin Drum:
Kevin Drum: Blame Oroville on "Fiscal Conservatives": "Victor Davis Hanson is a native Californian who hates California because it's become too brown and too liberal...
Monday Smackdown: This may be the stupidest thing I have read this year! Shame on the FT for publishing it!
I get 4480 results on google for "Garland Tucker". I get no results before this morning for "'Garland Tucker' +Calhoun". The fact that Yale's Calhoun College has been named for John C. Calhoun all of Garland Tucker's life has never led him to say anything about how bad a person John C. Calhoun was. Garland Tucker has had his chance all his life before now to use the honor Yale has done Calhoun to, as he quotes Cicero, "not be a child". He whiffed it.
For, you see, Tucker doesn't think Calhoun is bad: his position as the most powerful pro-slavery politician and leading intellectual advocate for the expansion of slavery in the first half of the nineteenth century is, in Garland Tucker's eyes, vastly less important than Calhoun's being a "free trader and" and opponent of "expanding federal government... bloated bureaucracy, patronage abuses... and ever-higher tariffs..."
But John C. Calhoun's role in history is not "complex"--it is evil, starting at the top of the evil tree and hitting every branch all the way down:
Garland Tucker: Expunging slave-owners’ names erases our complex history: "Calhoun will no longer be Calhoun.... Yale... after eight decades it will rename one of its residential colleges...
Live from the Orange-Haired Baboon Cage: Moral fault attaches to anybody who pays money to the New York Times for any purpose as long as it publishes things like this:
Kate Kelly: Trump’s Economic Cabinet Is Mostly Bare. This Man Fills the Void: "Gary Cohn... briefed Mr. Trump... argued that the bold infrastructure projects that Mr. Trump envisioned...
...would need private-industry partners, those people said, in order to avoid weighing down the government with costs. That got Mr. Trump’s attention. The president-elect turned to the other people in the room—his son-in-law, Jared Kushner; his chief strategist, Stephen K. Bannon; his chief of staff, Reince Priebus; and Steven T. Mnuchin, his campaign’s chief fund-raiser and Mr. Trump’s nominee to be Treasury secretary—surprised that his infrastructure ideas had such a potential downside. “Is this true?” Mr. Trump asked the group, according to those people. Heads nodded. “Why did I have to wait to have this guy tell me?” he demanded.
This is what my late coauthor Susan Rasky called a "beat sweetener".
Should-Read: Wikipedia says: "Cumulative global sales of highway legal plug-in electric passenger cars and light utility vehicles achieved the 2 million unit milestone in December 2016.... The United States ranks second with more than 570,000... through December 2016..."
Attitude without expertise--or any desire to acquire expertise--has long seemed to me to be the dominant current within Fred Hiatt's part of the Washington Post:
Charles Lane (2013): Obama’s Electric Car Mistake: "The Obama administration’s electric-car fantasy finally may have died on the road between Newark, Del., and Milford, Conn...
Live from the Orange-Haired Baboon Cage: Nancy LeTourneau: Conway Lied About Her Lies: "After Trump’s advisor Kellyanne Conway lied about a Bowling Green massacre last week...
Live from the Orange-Haired Baboon Cage: Clive Crook was once a smart, reality-based person. Then George W. Bush was "elected" 5-4. And he started to slide into making fake excuses for horrible actions by bad people. Then Barack Obama was elected, and he went off the deep end entirely--saying that everything bad that Republicans did was really Barack Obama's fault because he had not kicked Nancy Pelosi in the teeth sufficiently hard.
And now? His major message appears to be that the hippies should shut up, and that people should go out of their way to praise Trump when he does something that is not abnormal.
What are the odds that there will be a more-in-sorrow-than-in-anger-we-must-rally-behind-Trump-in-spite-of-his-imperfections column within a year? 50-50?
Clive Crook: Give Trump a Chance!: "I took part in an Intelligence Squared debate last night, speaking for the motion, "Give Trump a Chance"...
Looking Forward to Four Years During Which Most if Not All of America's Potential for Human Progress Is Likely to Be Wasted
With each passing day Donald Trump looks more and more like Silvio Berlusconi: bunga-bunga governance, with a number of unlikely and unforeseen disasters and a major drag on the country--except in states where his policies are neutralized.
Nevertheless, remember: WE ARE WITH HER!
The purpose of this weblog is to be the best possible portal into what I am thinking, what I am reading, what I think about what I am reading, and what other smart people think about what I am reading...
"Bring expertise, bring a willingness to learn, bring good humor, bring a desire to improve the world—and also bring a low tolerance for lies and bullshit..." — Brad DeLong
"I have never subscribed to the notion that someone can unilaterally impose an obligation of confidentiality onto me simply by sending me an unsolicited letter—or an email..." — Patrick Nielsen Hayden
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