Author Archives: Benjamin Daniels

Austerity: Still Not Working

For the market giveth and taketh away…

Brad DeLong:   I think that, once one rec­og­nizes this fact that both Keynes and Fried­man are to the activist left of even the left edge of today’s pol­icy spec­trum, one can­not then escape the con­clu­sion that today the entire right wing and a good part of the cen­ter is sim­ply not sane. The posi­tion

Left-​​Neoliberalism?

Daniel Kuehn: “Left-​​​​neoliberals rec­og­nize that this kind of eco­nomic inequal­ity is unjust, and think that gov­ern­ment poli­cies should be recon­fig­ured to rem­edy the prob­lems cre­ated by it.” On reg­u­la­tions I think he’s basi­cally right about “left-​​​​neoliberals”. There’s noth­ing inher­ently wrong about reg­u­la­tion, but the evi­dence for mar­ket effi­ciency in “nor­mal” cir­cum­stances is strong, so any pro­posed