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Grasping Reality Questions New York Times Grasp of Reality

Brad DeLong, Grasping Reality,  I Really Do Not Think the New York Times Editorial Board Understands the World We Live in…, here.

Has the New York Times editorial board never heard the word “Greenspan”? Or “Volcker”? Or “Burns”? Or “Martin”? Or “Eccles”? Its editorial board’s shock at the prospect of a strong personality not known for the utmost in collegiality at the head of the Fed is a true Captain Renault moment.

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