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J. Bradford DeLong

J. Bradford DeLong

Writing for PS since 2002
254 commentaries

J. Bradford DeLong, Professor of Economics at the University of California, Berkeley, is a research associate at the National Bureau of Economic Research and the author of Slouching Towards Utopia: An Economic History of the Twentieth Century (Basic Books, 2022). He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America‚Äôs transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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  1. What Is the Fed Thinking?
    delong257_ Win McNameeGetty Images_fed Win McNamee/Getty Images

    What Is the Fed Thinking?

    Feb 5, 2024 J. Bradford DeLong worries that the central bank is keeping monetary policy too restrictive for the macroeconomic situation.

  2. The Fed’s Remarkable Feat
    delong256_Tom Williams-PoolGetty Images_powell Tom Williams/Pool/Getty Images

    The Fed’s Remarkable Feat

    Dec 22, 2023 J. Bradford DeLong argues that the US central bank has managed to humble hawkish and dovish critics alike.

  3. The Attention Economy Goes to Court
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    The Attention Economy Goes to Court

    Nov 9, 2023 J. Bradford DeLong examines the arguments being put to the test in the antitrust case against Google.

  4. America’s Broken Civic Bargain
    delong254_ Samuel CorumGetty Images_january6riot Samuel Corum/Getty Images

    America’s Broken Civic Bargain

    Sep 28, 2023 J. Bradford DeLong worries that Republicans have abandoned one of the core principles that sustains a democracy over time.

  5. Investment Theory in Practice
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    Investment Theory in Practice

    Aug 1, 2023 J. Bradford DeLong notes that the long-term mathematical attractiveness of stocks belies the risk of ruin.

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  1. rbrooks1_Markus Scholzpicture alliance via Getty Images_germanyshipping Markus Scholz/picture alliance via Getty Images

    Putin’s Silk Road Around Sanctions

    Robin Brooks & Simon Johnson urge Europe and the G7 to stop the re-export of Western goods to Russia from Central Asia and the Caucasus.
  2. thallinger3_Sean GallupGetty Images_fossil fuels Sean Gallup/Getty Images

    To Fight Climate Change, End Fossil-Fuel Subsidies

    Günther Thallinger & Ludovic Subran urge policymakers to recognize the true costs of a policy that harms the planet and does not help the poor.
  3. saputra2_ADITYA AJIAFP via Getty Images_world bank mangrove ADITYA AJI/AFP via Getty Images

    Banking on the World Bank’s Knowledge

    Wempi Saputra identifies three areas in which the organization’s client countries could use more guidance.
  4. mazzucato63_Matt CardyGetty Images_kids using social media Matt Cardy/Getty Images

    The Algorithm and Its Discontents

    Mariana Mazzucato & Ilan Strauss

    Deploying algorithms to maximize user engagement is how Big Tech firms maximize shareholder value, with short-term profits often overriding longer-term business objectives. Now that AI is poised to supercharge the platform economy, new rules and governance structures are urgently needed to safeguard the public.

    propose five principles to ensure that the digital economy serves the public good before short-term profit.
  5. reedlangen6_Leon NealGetty Images_UKsupremecourt Leon Neal/Getty Images

    Judgment Days for Democracy

    Nicholas Reed Langen suspects that judges will play an increasingly central role in protecting democracy against populist assaults.
  6. lawson2_JEKESAI NJIKIZANAAFP via Getty Images_cash transfer JEKESAI NJIKIZANA/AFP via Getty Images

    A Global Cash-Transfer Fund Could End Extreme Poverty

    Cina Lawson & Rory Stewart

    Cash transfers offer a transformative solution to multidimensional poverty, by enhancing dozens of outcomes simultaneously. They have already proven effective, adaptable, and replicable, and now they are becoming more attainable every year with growing mobile coverage and improved digital infrastructure.

    show that the conditions are ripe for deploying lump-sum payments to the world’s poorest people.
  7. roach162_Kevin DietschGetty Images_christopherwray Kevin Dietsch/Getty Images

    The Drums of US-China Cyber War

    Stephen S. Roach worries that irrational Sinophobia has become America's new bipartisan political orthodoxy.
  8. ito35_KAZUHIRO NOGIAFP via Getty Images_jpan economy KAZUHIRO NOGI/AFP via Getty Images

    Japan as Number Four

    Takatoshi Ito hopes the news that the economy has slipped from third place globally will serve as a wake-up call.
  9. james215_Irina Gutyryak Getty Images_currencies Irina Gutyryak Getty Images

    The Financial March to War

    Harold James explains how currency wars and speculation could feature in today’s great-power conflicts.

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