Approaching Sh*tstorm?

Doug Henwood dhenwood at panix.com
Wed Jan 15 13:40:41 PST 2003


Bradford DeLong wrote:


>Well, the odds are rising that I'm about to receive a massive
>incoming sh*tstorm launched by the assembled right-wing hacks of
>America.
>
>And all because I pointed out that Glenn Hubbard's current line on
>deficits and interest rates is... inconsistent with what he says in
>his textbook.

I saw you quoted somewhere the other day saying he needs to get out of Washington.

He said in his text that higher deficits => higher interest rates, right? But that isn't right, is it? There's no simple relations between the two at all. So is he any more wrong now than he was then?

Doug



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