Most of the time I wonder why I read Prof. Delong's weblog. His political commentary is just bad and I suspect he writes heated rhetoric just to encourage the passions of a generally unthinking and sycophantic
commentaria (I'm sure there's a word for those people that comment on particular blogs but why use existing words when you can invent your own). I just don't understand why anyone would want to be an economist's groupie.
And then, every so often, there's a great economics post or turns of phrases like these
So no, reasonable people could not argue that the New Deal prolonged the Great Depression.
The furthest I will go is to agree that reasonable people can argue over whether reasonable people could argue that the New Deal prolonged the Great Depression.
Damn you Prof. Delong! I'll take my finger off the unsubscribe button... for now.