Jason Smith — Implausible plausibility

In re JW Mason versus Paul Krugman.

Is the New Deal and response to WWII an outlier? What about the Great Moderation and the Great Recession?

Information Transfer Economics
Implausible plausibility
Jason Smith

Brian Romanchuk — The Return Of The High Pressure Economy

Brian Romanchuk on JW Mason's defense of Gerald Friedman's assertion that the economic policy put forward by Bernie Sanders can be successful on macro grounds.

 A fairly long period of rapid growth in the United States is certainly possible.

Bond Economics
The Return Of The High Pressure Economy
Brian Romanchuk

Brad DeLong — Why ‘disgorging the cash’ can undermine economic growth

Examines two JW Mason papers and controversy around them.

Mason’s research paints a grim picture. A well-functioning financial system is supposed to channel savings to their most productive use. Instead, the U.S. system, in total, seems to be more interested in getting money out of firms and into the accounts of wealthy shareholders. As a companion Roosevelt Institute report also released Friday points out, it will take pulling on multiple policy levers to reverse this kind of massive trend. It seems we need to find many levers in order to move the financial world.

WWCEG — The Equitablog
Why ‘disgorging the cash’ can undermine economic growth
Brad DeLong

Brad DeLong — People Claiming That Even John Maynard Keynes Is No True Keynesian!

Brad DeLong takes on JW Mason and Lars Syll.

Oh, this is going to be fun!

Grasping Reality
People Claiming That Even John Maynard Keynes Is No True Keynesian!

Brad DeLong | Professor of Economics, UCAL Berkeley