Professor Brad DeLong on Austrian Economics

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.

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The Chicken#%*& Club with Jesse Eisinger

The Chicken#%*& Club with Jesse Eisinger

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.”

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G. R. Mobley on Republic Review

G. R. Mobley on Republic Review
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.
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