Recently I suggested that Stockman is a reasonably smart guy and was just looking at the budget from the perspective of an accountant when he should have been looking at it from the perspective of a macroeconomist...
It's not that bad - they come in a lot easier now because I removed the captcha for commenting - it was too obnoxious for commenters. However, that lets a lot more spam get in than ever used to.
They can be jerks too. One thing that pops out wrt Stockman is him calling Bernanke an "academic zealot." Seems like a typical case of projection, since that's what Stockman appears to be (minus the "academic" maybe). Calling someone is a zealot is one of the easiest ways to discredit someone w/o actually addressing their ideas.
How can someone be a jerk if they sound like Delong!? Hilarious.
Also, Stockman completely fails to understand how Bernanke's credit-centric point of view on the Great Depression differs from Friedman's monetarism, and how that led to the policy of bailing out banks while paying interest on reserves to clamp down on inflation. Jeffrey Rogers Hummel & Dave Henderson can explain that bit to him.
What's amusing is that the sales of Stockman's book had a nice bump after Krugman went after him on his blog. Lots of dick measuring going between these various parties.
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ReplyDeleteBlogger has really sh!tty spam control.
Delete:)
DeleteIt's not that bad - they come in a lot easier now because I removed the captcha for commenting - it was too obnoxious for commenters. However, that lets a lot more spam get in than ever used to.
I know that I complained about captcha. Thanks for the relief. :)
DeleteBut on other sites I just keep cycling until something legible appears. So it's OK with me if you start using it again. :)
Thanks.
Great article. I will be dealing with a few of these issues as well.
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What in that link says "jerk"? The tone is no different from Krugman or Delong...
ReplyDeleteThey can be jerks too. One thing that pops out wrt Stockman is him calling Bernanke an "academic zealot." Seems like a typical case of projection, since that's what Stockman appears to be (minus the "academic" maybe). Calling someone is a zealot is one of the easiest ways to discredit someone w/o actually addressing their ideas.
DeleteAny ad hominem attack is a red flag for me. :)
DeleteHow can someone be a jerk if they sound like Delong!? Hilarious.
DeleteAlso, Stockman completely fails to understand how Bernanke's credit-centric point of view on the Great Depression differs from Friedman's monetarism, and how that led to the policy of bailing out banks while paying interest on reserves to clamp down on inflation. Jeffrey Rogers Hummel & Dave Henderson can explain that bit to him.
What's amusing is that the sales of Stockman's book had a nice bump after Krugman went after him on his blog. Lots of dick measuring going between these various parties.
ReplyDelete