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J. Bradford DeLong
By J. Bradford DeLong - Sep 04,2022
BERKELEY — When it comes to the United States Congress, nothing is ever over until it’s over. But as of late July, it looks as though two major pieces of legislation will soon be on President Joe Biden’s desk, awaiting his signature.
By J. Bradford DeLong - Sep 03,2022
BERKELEY — On September 6, Basic Books is publishing Slouching Towards Utopia, my economic history of the “long twentieth century” from 1870 to 2010.
By J. Bradford DeLong - Jun 15,2022
BERKELEY — What policy will the US Federal Reserve announce after the Federal Open Market Committee’s two-day meeting this week, and what policy should it announce?The first question is easy: There is a high probability, 75 per cent, that the Fed will follow its previ
By J. Bradford DeLong - May 14,2022
BERKELEY — As of Friday, May 6, the bond market expected US consumer price inflation to average 2.5 per cent between five and ten years from now. That is the rate of inflation needed to equalize returns on inflation-indexed and non-indexed US Treasury securities.
By J. Bradford DeLong - Feb 08,2022
BERKELEY — In the history of modernity, the real sea change came in 1870, with what the Nobel laureate economist Simon Kuznets called “Modern Economic Growth”.
By J. Bradford DeLong - Jan 10,2022
BERKELEY — Humanity as a whole is wealthier today than at any time in its history. And yet, from the short-term challenge of the pandemic to the existential threat of global warming, there is a widespread sense that things are going badly wrong.
By J. Bradford DeLong - Dec 08,2021
BERKELEY — Approximately 13 per cent of low-wage jobs in Germany would not be viable if workers understood just how good their outside options truly are.
By J. Bradford DeLong - Nov 11,2021
BERKELEY – In the past three years, technological advances have provided about one percentage point of warranted US real wage growth each year, admittedly, only half the rate of earlier times, but still something.
By J. Bradford DeLong - Oct 05,2021
BERKELEY — If you are concerned about the well-being of the United States and interested in what the country could do to help itself, stop what you are doing and read historian Geoffrey Kabaservice’s superb 2012 book, “Rule and Ruin: The Downfall of Moderation and the Destruction
By J. Bradford DeLong - Sep 05,2021
BERKELEY — In 1987, Alan Greenspan was appointed by Republican President Ronald Reagan to chair the US Federal Reserve (Fed) board of governors, succeeding Paul Volcker.