20100501 Where We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
-
Upload
james-delong -
Category
Documents
-
view
216 -
download
0
description
Transcript of 20100501 Where We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
5/25/10 11:35 AMWhere We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
Page 1 of 5http://delong.typepad.com/sdj/2010/05/where-we-are-now-in-some-historical-perspective.html
Grasping Reality with Both HandsThe Semi-Daily Journal of Economist J. Bradford DeLong: Fair, Balanced, Reality-Based, and Even-HandedDepartment of Economics, U.C. Berkeley #3880, Berkeley, CA 94720-3880; 925 708 0467; [email protected].
Economics 210aWeblog ArchivesDeLong Hot on GoogleDeLong Hot on Google BlogsearchMay 01, 2010
Where We Are Now, in Some Historical Perspective
Dashboard Blog Stats Edit Post
5/25/10 11:35 AMWhere We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
Page 2 of 5http://delong.typepad.com/sdj/2010/05/where-we-are-now-in-some-historical-perspective.html
Brad DeLong on May 01, 2010 at 05:35 PM in Economics, Economics: History, Economics: Labor, Economics: Macro |Permalink
Reblog (0) |
Favorite
| Digg This | Save to del.icio.us | Tweet This!
TrackBack
5/25/10 11:35 AMWhere We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
Page 3 of 5http://delong.typepad.com/sdj/2010/05/where-we-are-now-in-some-historical-perspective.html
TrackBack URL for this entry:http://www.typepad.com/services/trackback/6a00e551f0800388340133ed1cc2a8970bListed below are links to weblogs that reference Where We Are Now, in Some Historical Perspective:
Comments
max said...Yep: it looks like we have finally gotten a solid rooted turnaround (GDP and Employment both improving), and now we justhave to avoid potholes and a double-dip.
It's 1974-75 on crack. (The timing of the Great Moderation certainly matches up well with low oil prices, doesn't it? And thedepths of this depression/recession certainly match well with exceedingly high oil prices. Almost makes you want to build lots ofsolar/wind/wave/nuke power plants.)
m, and now we're in 1975
Reply May 01, 2010 at 05:57 PMmax said...Huh. If I read the chart right, the Obama administration can now claim that Bush still owns responsibility for a majority of jobslost in the recession.
m, and now we're adding them on
Reply May 01, 2010 at 06:03 PMMemory said...
Huh... future's so bright, I gotta' wear shades. Since no other set of indices exists that might capture a different view of the livedexperience of this economic shock on millions of Americans, I guess we never had it so good.
Reply May 01, 2010 at 06:07 PMAntonio Conselheiro said...The asymptotic climb to zero growth is not encouraging.
Reply May 01, 2010 at 09:20 PMTax Lawyer said...Your first chart, on GDP growth--I'd like to see it super-imposed on U.S. household debt. I'd bet they track pretty closely. Ourso-called prosperity may very well have been simply a result of debt-driven consumer demand--incomes certainly haven'tboosted consumer purchases, which represent the lsrgest component of GDP. Also, a pet peeve of mine is that I HATE seeinggross GDP numbers without per capita conversions. With a growing population, they are misleading.
Reply May 01, 2010 at 09:32 PMpurple said...GDP is a weak indicator of wealth. You have to include distribution of GDP, and what parts of the calculation are encompassingsectors of the economy that existed before but were not commodified. The PRC's GDP is really much higher, for instance, if youcommodified aspects of the economy that are not now calculated as part of GDP.
Reply May 02, 2010 at 01:39 AMComment below or sign in with TypePad Facebook Twitter and more...
5/25/10 11:35 AMWhere We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
Page 4 of 5http://delong.typepad.com/sdj/2010/05/where-we-are-now-in-some-historical-perspective.html
Me: Economists:
Paul KrugmanMark ThomaCowen andTabarrokChinn andHamiltonBrad Setser
Juicebox Mafia:
Ezra KleinMatthew YglesiasSpencer AckermanDana GoldsteinDan Froomkin
Moral
Philosophers:
Hilzoy and FriendsCrooked Timber ofHumanityMark Kleiman andFriendsEric Rauchwayand FriendsJohn Holbo andFriends
Post Preview
NEW Talk at Whitman College takes long view on economic woesWalla Walla Union-Bulletin - Apr 30, 2010A former deputy assistant secretary of the US Treasury and professor of economicsat the University of California at Berkeley, J. Bradford DeLong, ...Related Articles » « Previous Next »
economics DeLong
5/25/10 11:35 AMWhere We Are Now, in Some Historical Perspective - Grasping Reality with Both Hands
Page 5 of 5http://delong.typepad.com/sdj/2010/05/where-we-are-now-in-some-historical-perspective.html