Welcome to the bloggy home of Noah Brier. I'm the co-founder of Percolate and general internet tinkerer. This site is about media, culture, technology, and randomness. It's been around since 2004 (I'm pretty sure). Feel free to get in touch. Get in touch.

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Mark-My-Beliefs-to-Market

Pretty excellent post by Brad Delong on the things he’s gotten wrong in his career (he calls it “mark-my-beliefs-to-market” time). Some good ones in there, including: “My belief that economists as a group understood as much about the causes of recessions and depressions as John Stuart Mill understood in 1829: that a downturn is a shortfall of planned spending at full employment below income caused by an excess demand for financial assets, and it is cured by either (a) having the government do the spending-in-excess-of-income that the private sector will not, or (b) having the government flood the zone with financial assets so that there is no longer an economy-wide excess demand for them.”

I’d love to see this from lots of folks … Maybe I’ll try to work on mine for the end of the year. Seems like a worthy pursuit.

December 12, 2011 // This post is about:

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