J. Bradford DeLong

The Hidden Purposes of High Finance

BERKELEY – No one questions the usefulness of “low” finance: the ability to use checks, banknotes, and credit cards rather than having to cart around chests of silver, scales, and reagents to assay purity, and needing armed guards to protect the silver – and more guards to watch the first set of...

Tuesday, June 2, 2009, 12:00 AM

The Price of Inaction

BERKELEY – Are the world’s governments capable of keeping the world economy out of a deep and long depression? Three months ago, I would have said yes, without question. Now, I am not so certain. The problem is not that governments are unsure about what to do. The standard checklist of what to do...

Thursday, April 30, 2009, 12:00 AM

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