Brad DeLong recants his allegiance to Greenspanism:

Finally!

Well, give the DeLong credit, he owned up to it.

He's on the run now. The next step is for him to recant his allegiance to free trade with low-wage nations.

He has already done an about-face on how recessions impact management-labor power relations.

Re Greenspan: He wasn't wrong on everything, but his tolerance for bubbles was completely irresponsible.


posted by Quiddity at 11/06/2009 10:52:00 AM