Why Small Booms Can Cause Big Busts
That would be Brad DeLong, supposed expert on political economy. He lives in the spiral state od California, as clearly explained by jerry Brown who pays Brad's salary. Yet Brad still has no clue.
Brad, look at California unemployment. The unemployment rate in California spans the complete business cycle this time around, and now its upticking. Yet Brad thinks there is some Magic Walrus in the Swampland that is supposed to stop the California spiral. No, the spiral is mandated by laws, laws which Brad mostly likely voted for. Why does Jerry keep supporting that horse pit of an economics department?
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