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    Commentary / capitalism, democracy, economic theory, plutocracy /

    Ctrl Alt Democracy — Long Rough Cut

    July 16, 2025

    This represents my draft summary of where we are.  It picks up on my recent themes. It is based on my simplified notion of democracy as an action and not as a set of ideas, a structure, norms, or any such thing.  Democracy is something that happens.   It is not a form of government.  […]

    Economics / Brad DeLong, central planning, complexity, economic theory, Hayek, Jonathan Levy /

    DeLong Steps In It

    July 14, 2025

    This is second stab at a question that vexes me … I have been reading too many historians lately.  So when I read the usually very smart Brad DeLong say something that seems straight from Hayek I get a greater jolt than I used to.  And that’s saying something.  This is what he wrote that […]

    Politics / capitalism, democracy, plutocracy /

    Prodding Krugman

    July 7, 2025

    Paul Krugman has been on a mission lately.  He has been writing extensively about inequality in America.  As we all know it’s an ugly picture, and as we would all expect Krugman has dug out endless statistics to demonstrate just how ugly. From my perspective inequality is the most salient economic fact that needs addressing: […]

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