From this post.
First, Samuel Jackson and The Boondocks channels Nassim Taleb... or John Maynard Keynes... or Donald Rumsfeld... or Frank Knight... or whoever - it doesn't matter. It's funny.
Second, Selgin talks about the 1920-1921 depression. He doesn't mention my paper, as Ryan notes. But I'm a nobody. He also doesn't mention Romer (not a nobody) or Temin (not a nobody). Funny - a lot of Austrians fail to mention these people. Paul Krugman and Brad DeLong have weighed in on the differences between 1920-1921 and the Great Depression too, but you never see people link to those posts either. Why? If you're going to criticize Keynesians and your going to use the 1920-1921 depression, don't you think it's worth looking at what Keynesians or even Keynes himself said about it? Forget me - I'm a nobody. But I'm not the only one talking about it.
Friday, August 19, 2011
Subscribe to:
Post Comments (Atom)
Posts
See the problem of induction & Hume: http://plato.stanford.edu/entries/induction-problem/#2HumIndJus
ReplyDeleteDaniel and Ryan: a blog entry isn't a scholarly article, at least not so far as I'm concerned, so no, I don't mention the sources you refer to, but that's 'cause I don't mention any sources at all! The facts I refer to, which relate only to the matter of austerity and recovery (I also wasn't trying to write a comprehensive account of the depression of 1920-21), are readily available. In case you're curious, I happend to get them from Benjamin Anderson's excellent Economics and the Public Welfare. "Mac" Anderson was Chase's Chief Economist--and a damn good one--whose misleadingly-titled book is actually a superb financial history, crammed with insider info., of the U.S. focusing on the period from WWI to the early post-WWII period.
ReplyDeleteDK wrote:
ReplyDeleteFunny - a lot of Austrians fail to mention these people. Paul Krugman and Brad DeLong have weighed in on the differences between 1920-1921 and the Great Depression too, but you never see people link to those posts either.
You mean besides me, right? Or am I not a person?
You're a person Bob. You are one person. A lot of Austrians don't. And that was really a reference to Romer and Temin rather than Krugman and DeLong. Have you ever cited Romer and Temin on this?
ReplyDelete