Latest articles by Brad DeLong
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The tax debate we are NOT having
feature Can a great nation remain great while its leaders spout talking points and evade reality?
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Global warming panic attack
feature My plan to address the potential cataclysm of global warming is shrill, impractical and utopian. But I doubt you have a better one
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We need bigger deficits
feature In normal times, deficit spending has all sorts of negative effects on economic activity. These are not normal times
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Politics is undermining our economy
feature We could reduce unemployment — if only Washington wanted to
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Obama's budget is better than Obama says
feature Nearly everyone, including the White House, has dismissed the president's plan. Nearly everyone is wrong
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The future is looking grim
feature For the better part of three decades Washington has failed to make responsible decisions on fiscal policy. To change course, we'll need two sane political parties and a functional government. Is that asking too much?
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Keynes & Co. have lost the stimulus argument
feature With the nation mired in unemployment, liberal economists have been pulling the fire alarm with increasing urgency. But the fire department isn't coming
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Washington's deficit-hawk pretenders
feature Even if the GOP's spending cuts are larger than Obama's, they would fritter away the proceeds on tax cuts and repealing health-care reform
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The NY Times flunks the policy test
feature When economics reporting at the nation's leading newspaper reads like gossip, we’ve got a problem
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Making religion of economics
feature The arguments of market fundamentalists don't fit the facts of our economy. So they ignore the facts
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Why Obama is in bed with the fat cats
feature To reduce unemployment, the president has two choices: Either drive up the national debt or help fat cats get even fatter.
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Is the economy a victory or a defeat?
feature Yes, we've averted the worst, but unemployment is at 10 percent. Assessing the economic recovery
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The curious triumph of RomneyCare
feature Neither Democrats nor Republicans have an incentive to discuss the Republican roots of Obama's health-care plan. But that doesn't mean they're not real—and deep
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President Romney vs. President Obama
feature Had Mitt Romney won the 2008 election, what would be different today?
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The jobless recovery has begun
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The wrong jobs summit
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The White House's economic policies, which were calibrated to address a less severe crisis than the one we've enfeature -
What do we do about John Yoo?
feature Law professor John Yoo, author of the infamous Bush administration torture memos, is a controversial presence here at Berkeley. Did Yoo really write those memos in good faith?
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We can afford a second stimulus
feature As long as unemployment remains high, and interest rates are at rock-bottom lows, the prudent thing for government to do is keep on spending. The arithmetic speaks for itself.
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End times for Milton Friedman?
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Why health-care reform failed last time
feature There were 80 votes available for health-care reform in the Senate in 1994, but securing them required the endorsement of one man. When Bob Dole turned his back on reform, he doomed it. He also doomed himself.
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A Wall Street Fairy Tale
feature Now that the danger appears to have passed, Wall Street honchos, with support from some in Congress, are telling themselves that the financial system was perfectly sound all along. We can’t afford their delusion.
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The Chicago School is eclipsed
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The Panic of 1825
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Our future as a financial colony
feature Foreign governments will be seeking high-return assets for their enormous portfolios without selling dollar-denominated wealth. Consequently, they will have to focus on U.S. corporate securities. With such large-scale investment comes ownership a
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