>From a Daniel Davies post at the Crooked Timber groblog:
http://crookedtimber.org/2005/10/25/hey-have-you-seen-that-guinness-advert/
My putting in the third consecutive CT post on the Bernanke
appointment is exacerbated by the fact that it's only a quick link,
but redeemed by the quality of the link. As always, Max Sawicky has
his priorities in order:
http://maxspeak.org/mt/archives/001710.html
Best of all is the passing over of the obnoxious Martin Feldstein,
who will have to content himself with endless attacks on Social
Security from his bunghole at Harvard University
It's true. Feldstein's work on Social Security has been, by and large,
disgracefully bad -- in particular, his claim that SS reduced private
savings was based on an error in a computer program:
http://www.monthlyreview.org/nftae02.htm
[Great article by Michael Yates! -- MP]
Brad DeLong rather coyly says that these days Feldstein "prefers to
stress other points" but he has never really retreated from this claim.
I hope Max continues reminding the world of this fact forever.
<end excerpt>
Michael