How Can I Avoid Becoming "THAT GUY" in My Old Age?; & BRIEFLY NOTED: For 2021-11-24 We, by @delong braddelong.substack.com/p/how-can-i-av…

First: As I grow older, I find myself under increasing pressure to become THAT GUY. You know:

"I do not know what Rome is coming to. Today a boy... 1/
... prostitute costs more than a sword and a jar of fancy imported fish sauce more than a spread of land or yoke of oxen can plow in a day. The Young's spend all their time learning Greek and acting in theatricals, and they even allow their wives to embrace them in public... 2/
...—even when Iuppiter Optimus Maximus is not hurling his thunderbolts. What is to become of us?…"

Or:

"The JuiceBox Mafia has no conception of how hard we have worked to preserve space for tough-minded, effective liberalism in a neoliberal age. The JuiceBox Mafia has... 3/
...no conception of how dangerous it is for center-left politicians to pander to grievance-mongers or dictator-apologists whose principal real complaint is that the leaders they followed were just not very competent at the social practices of governance and war…" 4/
...How can I avoid becoming THAT GUY? 5/END

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More from @delong

24 Nov
...with this...

If you watch he excellent Miss Fisher's Murder Mysteries en.wikipedia.org/wiki/Miss_Fish…, you learn fairly early on that her classically educated father, not fully himself on the morning of her christening, had come up with "Phryne" rather than "Psyche" as her... 2/
...name. Psyche was a mythical nymph. Phryne was a real person. Phryne... equivalences are difficult, but "artists' favorite model for Aphrodite and the Kim Kardashian of her time" is not far from the mark. She offered to pay for the rebuilding of the defensive walls of... 3/
...the city of Thebes if they would inscribe on it: "Alexander pulled this down; Phryne made it stand up again" and, yes, the sexual pun is deliberate.

Phryne came to Athens as a refugee after the destruction of her native city of Thespis (yes, Foundation stole that name)... 4/
Read 14 tweets
20 Nov
4. Barry Eichengreen's The Populist Temptation <github.com/braddelong/pub…> is—is going to be—very harsh in its judgments on modern political movements called "populist". Does he have a more positive take on the Populist movements back before 1950? Why do you think he...
[4. cont.]... winds up taking the attitudes toward these movements that he does?...
5. Lewis: Evolution of the International Economic Order <github.com/braddelong/pub…>: How would we go about finding out whether Arthur Lewis is right in his belief that over 1870-1914 the world was divided into rich and poor countries by the workings of the global market and...
Read 22 tweets
19 Nov


@N2PE_Network

**The End of Yesterday's Gillian Tett "Anthro-Vision" Event:

Brad DeLong: May I grab the moderators’s privilege to ask the last question, apropos of the return of barter?

Partha Dasgupta writes that we started out doing the... 1/
@N2PE_Network [DeLong cont.] ... division-of-labor thing with our kin and our immediate neighbors, with the division-of-labor made possible via our thick, ongoing long-time extended gift exchange relationships with those that we had good sociological reason to trust. Then we invented... 2/
[DeLong cont.] ...money. Money was liquid trust. You no longer had to know someone very well to have them be part of your division -of-labor. All 8 billion of us could be part of our division-of-labor through the non-extended one-shot gift-exchange relationships that we... 3/
Read 17 tweets
18 Nov
Why Gillian Tett's Anthropological Take on the World Is Very Useful, by @delong braddelong.substack.com/p/why-gillian-…

N2PE: 'Gillian Tett (@gilliantett) Discusses Her New Book “Anthro-Vision: A New Way to See in Business & Life”. Amid severe digital disruption, economic upheaval, and... 1/
@gilliantett ...political flux, how can we make sense of the world? Leaders today typically look for answers in economic models, Big Data, or artificial intelligence platforms. Gillian Tett will discuss her new book that points to anthropology—the study of human culture. gossip... 2/
...what one of us knows—or rather believes—pretty soon all of us know—or, rather can believe. Alone, each of us is nearly totally incompetent at managing our environment: put one of us out naked and alone even in as green and pleasant a land is the home counties of... 3/
Read 11 tweets
17 Nov
braddelong.substack.com/p/podcast-hexa…

Key Insights: Matt Suandi—forced off of his India RCT development-economics project by the COVID plague—has taken the plague year to write a brilliant paper: Matthew Suandi: Promoting to Opportunity: Evidence and Implications from the U.S.... 1/
...Submarine Service <static1.squarespace.com/static/615a18f…>

In the early stages of the Pacific War, whether a US submarine-launched torpedo exploded was a matter of luck.

If a submarine captain had an enlisted man marked out for promotion, those promotions happened much more often... 2/
...if the submarine returned from its cruise having succeeded in sinking ships.

Those promoted because they happened to be on lucky submarines with torpedoes that exploded lived 2.4 years longer than their counterparts who happened to be on unlucky submarines and... 3/
Read 14 tweets
4 Nov
BRIEFLY NOTED: FOR 2021-11-03 We, by @delong braddelong.substack.com/p/briefly-note…

First: Jason Zweig soft peddles the idiocy of Kevin Hassett and James Glassman on the 18 years-late Dow 36000 day. Buy-and-hold is a good investment strategy for the U.S. stock market. The strategy... 1/
... Hassett and Glassman were pushing—borrow money, leverage up, and go highly long stocks near the peak of a valuation-ratio bubble—led to bankruptcy in 2000 for anyone who acted on the recommendations of Dow 36000. Jason here is much kinder than I would have been... 2/
...:

Jason Zweig: Dow Crosses 36000—Making a Book’s Prediction Just Two Decades Late <wsj.com/articles/dow-j…>...

What is Kevin Hassett saying today, on Dow 36,000 day? In my inbox:

In a wide-ranging interview with _Washington Post Live_ today, author Kevin Hassett... 3/
Read 14 tweets

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