Blinder’s Name Fits

I’m left wondering why the Wall Street Journal publishes Alan Blinder.

Blinder comes across as arrogant and smug, which I don’t think is befitting of op-ed space in WSJ.  Here’s an example:

For months, we have witnessed the spectacle of people arguing that Keynes was wrong. Somehow, additional government spending actually reduces employment—even when the economy has huge amounts of spare capacity and unused labor desperate for work; even when the central bank will prevent interest rates from rising to “crowd out” private spending. Really?

One current catchphrase is “job-killing spending.” Hmmm. How, exactly, does more spending kill jobs when there is idle capacity and no threat of rising interest rates? Stumped? So am I.

The anti-Keynesian revival has been disheartening enough. But now the economic equivalent of the Flat Earth Society is turning its fury on Ben Bernanke and the Federal Reserve.

If you have a case, state it.  No need for the ‘Really?’ and Hmmmm… That’s more befitting for a blog post, not a serious newspaper.

And, the worst part, hes’ wrong.  I eagerly await the economists to debunk his column.  Here’s the first debunking that I’ve seen from Charles Rowley.

Advertisements

3 thoughts on “Blinder’s Name Fits

  1. completely off topic:
    i followed your link and watched a video about ‘the dougie’ which cracked me up. thx.
    also completely off topic:
    i am not a big fan of ads. not all ads; the liquid mountaineering ad is a perfect example of an ad i would watch over, and even share with my friends.
    but most ads..especially the ads for products and services i do not want that are tagged in the front of video clips that i do want to watch.

Comments

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s