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The lost generation
The lost generation
On the right, the politically correct thing is to pretend that nothing good happened until Reagan came along.
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Truly a Dark Age for Economics in the Midwest...
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... spending necessarily could not boost employment and production. It is hard to characterize the level of this mistake. I would like to say freshman-level, but my freshmen don't make it. Now comes Eugene Fama again to make the false assertions that: (a) developed-country growth sped up after 1980, and (b) China's boom since the Southern Expedition of Deng Xiaoping is due to modern finance. Paul Krugman watches the train wreck: The lost generation - Paul Krugman Blog - NYTimes.com: Matthew Yglesias catches Eugene Fama making ...

links for 2009-11-05
Economist's View — ... Some Thoughts Elicited by Reading Some Calibration Papers - Econbrowser The lost generation - Paul Krugman ...

The Way We Were
Lawrance G. Lux — ... Paul Krugman brings up a fundamental point here, in stating that neoconservatives have been rewriting history to great extent. We, out in the Heartland, remains starved for Cash for the first Two of the Reagan years, then lived with unrealized Job Expectations until Bill Clinton. This is the Period when the Rich started to become the Super Rich. There was a great Shift out of domestic Production capitalization, with massive funds sliding to Realty under unrealizable prospectuses, bringing on the S&L Bailout of the mid-1980s. Past that debacle, what followed was Ph.D. ...

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