Brad DeLong responds to my post arguing for more immigration with a strange post.
Note: I borrowed this idea from Brad DeLong, who knows way more about this stuff than I do.
Economist Brad DeLong of the University of California, Berkeley, served as a senior Treasury official in the Clinton administration.
It was Brad Delong who described banking as borrowing short and lending long.
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So, what a bank actually does is borrow short and lend long: Brad Delong has used this as a definition of a bank.
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Or, if you prefer a US source, something along the lines of what Brad DeLong has been proposing for a number of years.
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As former Clinton Treasury official Brad DeLong said, "President Obama has a plan for dealing with our cyclical unemployment crisis, " but Romney does not.
Yet why did Ferguson imply that Keynes was attracted to German diplomats during the treaty talks, which was pointed out by Felix Salmon and Brad DeLong?
It was Brad Delong who first explained to me the woeful technological structure of the modern university (not explained just to me, wrote it on his blog).
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Professor BRAD DELONG (Economics, University of California, Berkeley): You don't want to repeat the mistakes of the Great Depression, and the big mistake of the Great Depression was letting the banking system collapse.
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