J Bradford Delong, world renowned Professor of Economics at Berkeley, is one of my favourite economists; his witty, polymathic blog has been essential reading throughout the crisis. Having held a senior position with the Clinton administration, it is probably fair to describe him – in American terms – as centre-leftish. He is not a socialist.
Brad looks at Britain and ponders what elements of spending will grow to offset the massive fiscal contraction announced in yesterday’s CSR. Brad notes that the ConDems haven’t told us. Brad concludes that the reason they haven’t told us is because they are ‘clueless dorks’.
Brad Delong is one of my favourite economists.
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