How do you grade Trump's first year? It's a mixed bag for libertarians.Read More
If you bring up the idea of compensating donors of bodily tissues and fluids at a dinner party, you’re likely to evoke reactions of disgust (and fewer future dinner party invitations). However, given the importance of these procedures and shortage of donors, the conversation must be had somewhere.Read More
When Frank H. Buckley last joined the show, he surprised Bob with a cogent, intellectual case for the election of Donald Trump. Buckley, a Foundation Professor at George Mason University’s Scalia School of Law, advised Team Trump on campaign speeches, and geared his last book, The Way Back, towards a set of practical solutions to “restore the promise of America.”Read More
Producer Charlie Deist tries to cram a semester of economics into one hour with Professor J. Bradford Delong He continues to look at the Austrian Business Cycle Theory, (see part 1), which holds central banks responsible for creating booms and busts by “pumping” cheap credit into the economy and subsequently “slamming on the breaks” when inflation results. Brad DeLong is a former deputy assistant secretary of the U.S. Treasury, and a professor of economics at the University of California at Berkeley, where he is chair of the political economy major. He was also an early blogger, and is one of the most respected voices in the “neoclassical synthesis”—the hybrid of classical, Keynesian, and monetarist macroeconomics taught at universities throughout the world. DeLong has criticized Austrians for putting the blame for business cycles entirely on government. However, he too was concerned by Alan Greenspan’s excessive easing, starting all the way back in 2004, and during the lead-up to the housing bust.
Tune in to find out why DeLong considers himself a student of both Milton Friedman and John Maynard Keynes, and learn what it means to be a liberal in both the modern and classical senses.
- Bradford-DeLong.com — DeLong’s semi-daily web journal.
- @Delong on Twitter
- ABCs of Austrian Business Cycle Theory with Robert Wenzel, Part 1
- Note to Self: Getting in Touch with My Inner Austrian: Toy Stochastic Processes Edition, November 26, 2017 — DeLong’s attempt to build a mathematical model for the Austrian theory.
- Getting in Touch with My Inner Austrian: A Still-Unwritten Paper, by Brad DeLong, April 03, 2008
- Manias, Panics and Crashes: A History of Financial Crises, by Charles Kindleberger, December 2000
- Ben Bernanke versus Milton Friedman: The Federal Reserve’s Emergence as the U.S. Economy’s Central Planner, by Jeffrey Rogers Hummel, The Independent Review, Spring 2011
- Getting in Touch with My Inner Austrian: A Still-Unwritten Paper, by Brad DeLong
- Neel Kashkari, Pres. of the Minneapolis Fed: “My Take on Inflation”
- THINKING ABOUT THE LIQUIDITY TRAP, Paul Krugman, December 1999
Robert Wenzel's speech at the Federal Reserve has been read by approximately 1,000,000 people. With housing prices climbing back into bubble territory, could Austrian economics be ripe for a revival?Read More
In the first chapter of The Chickenshit Club, Eisinger tells of a meeting at the Southern District office, in which then-District Attorney James Comey asked all of the lawyers who had never lost a case to raise their hands. Comey then informed the puffed-up attorneys that they were members of what he and his friends called “the Chickenshit Club.”Read More
Constitutional Orthodoxy (n.) — adhering to the codified processes that were established within the Constitution as defined by the States (founders) during the ratification process. Consequently, the founders dictated and enumerated the limitations and scope of the general government as a delegated entity within the Hybrid Constitutional Republic. Returning to Constitutional Orthodoxy is the only course that will preserve the Constitution, Individual Liberty, and the Republic.Read More