Brad DeLong 🖖 Profile picture
May 27 12 tweets 5 min read
@asociologist I found myself casting my memory back to the early days of the Clinton administration, when I was carrying spears for the Lloyd Bentsen Treasury. We were trying to construct a coalition for a "crime bill"—tough on crime, tough on the causes of crime. Bob Dole in the Senate... 1/
@asociologist ... and Bob Michel in the House declared that we would get no help from Republicans: that they would try to keep us to zero Republican votes. The point, they said, was that they had to try their best to make Clinton look like a failure. If that meant that none of... 2/
@asociologist ...America's problems would be addressed unless they could be made to look like a Clinton surrender to Republicans, that was fine. This was politics, not a tea party. And, anyway, Clinton was not legitimate: a minority president, who had squeaked in only because Ross... 3/
@asociologist ...Perot had blown up the 1992 race.

Treasury was heavily involved. We were, after all, "the money". And the Bureau of ATF was a pretty big component of federal law enforcement. So we went on a listening tour, asking people over and over again what they thought would... 4/
@asociologist ...actually reduce crime, and what they thought would actually reduce the causes of crime.

One thing that became clear, from rural sheriffs and deputies and big-city police departments alike, was that the cops were starting to get scared. They were getting scared that... 5/
@asociologist ...they were going to run into bad guys with military-grade amounts of automatic firepower, and get killed. There was unified buy-in from law enforcement nationwide that, while people really did disagree about "gun control", an assault weapons ban made sense.

We added... 6/
@asociologist ... it to the bill, and we held enough of the Democratic caucuses in the House and Senate to the idea to to push the Clinton crime bill, with all of its constructive and destructive elements, across the finish line.

And then Newt Gingrich became Speaker of the House... 7/
@asociologist ...And Gingrich saw the assault weapons ban as a point of Democratic political vulnerability—as something that he could unify the Republican Party around as an unwarranted and authoritarian violation of Americans' rights. And he made it so.

And the Republicans all... 8/
@asociologist ...followed this pied piper into full-throated support of an AR-15 in the hands of every emotionally fragile young male with suicidal power fantasies who could up with $1000, or steal one from a relative who thought it was "protection".

And the Republicans in the... 9/
@asociologist ...nation's police followed him: an assault-weapons ban was no longer something that police chiefs and union leaders would say made good sense—if they were Republicans. Instead, it was every American's natural right to own one. And, they claimed, the police welcomed "good... 10/
@asociologist ...guys with guns" on the street.

And now all the Fox News-watching police nationwide, including those in Uvalde County, are absolutely terrified of what the Republican Party of Gingrich, Hastert, Boehner, Ryan, McCarthy, Dole, Lott, Frist, McConnell, W. Bush, McCain...
@asociologist ... Romney, and Trump have created.

And here we are. 12/END

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More from @delong

May 25
braddelong.substack.com/p/podcast-hexa…

Key Insights: 1. The most recent round of Tech elephants, rhinoceroses, unicorns, and spiny lizards—Netflix, Shopify, etc.—are very unlikely to payoff for those investors who stay on the ride to the very end.

2. That said, they were very much... 1/
...worth doing even if they never make their shareholders any money. The growth of communities of engineering, entrepreneurial, and organizational practice is a huge benefit for innovation and growth—and the overwhelming bulk of that becomes non-rival public knowledge, that... 2/
...nobody can make scarce and hence charge people through the nose for.

3. Having your rich and your superrich fund R&D for little return is not the worst thing to have happen.

4. The ideas behind “Web3”—an end to the walled-garden Web2 internet, with the useful... 3/
Read 7 tweets
May 24
braddelong.substack.com/p/teslas-valua…

There I was, noodling around, sitting outside in the morning California sunshine (66F, going up to 80F at 5 PM), picking up scraps of information for tonight’s “Hexapodia Podcast” taping with Noah Smith on “crypto”. I found myself looking at... 1/
... Tesla’s stock price: after all, “crypto” today appears highly correlated in its stock market valuation with “tech”, and Tesla is now looking like a tech-factor stock rather than a manufacturing-factor stock. That is, Tesla is trading as if it is constructing a walled... 2/
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Read 12 tweets
May 23
braddelong.substack.com/p/a-monologue-…

What have I learned about education from the plague years? First, an action item: I think I’m going to keep my office hours remote and on zoom—make them mandatory for students I think I need to see. Calling people into the office if they aren’t... 1/
...showing up for office hours—that seems a little heavy-handed to me. Phone calls with people you do not already know—that is not terribly effective. But zoom! It is much better than a phone call, and does not (or does not any longer) seem too heavy-handed.

The other... 2/
...innovation I want to adopt is for courses in which each week is a book. Having the group “discuss” the book for an hour, and then call up the author on zoom—that seems to me to be a very good innovation. It is Barry Eichengreen’s. It is a wonderful thing. It should... 3/.
Read 14 tweets
May 20
braddelong.substack.com/p/on-mock-elim…

What can one say about this, other than: “Of course Liam is correct here!”? The guy—Freeman—tries to provoke, gets a backlash, and then feels validated in his stance as a defender of Woke-ness by all the abuse he gets. And so he profoundly... 1/
... mistakes the situation.

The right thing for him to do is to take lessons from Daniel Davies: Rules for Contrarians: 1. Don’t Whine. That Is All: ‘I like to think that I know a little bit about contrarianism.... The entire point is to make a defensible argument which... 2/
[Davies, cont.:] ...strongly resembles a controversial one. So having done this intentionally, you don’t get to complain that people have “misinterpreted” your piece by taking you to be saying exactly what you carefully constructed the argument to look like you were saying…. 3/
Read 4 tweets
May 18
braddelong.substack.com/p/the-disconte…

Fukuyama: "Successful liberal societies have their own culture and understanding of the good life, even if that vision may be thinner.... Actual, real existing liberal societies have been built on top of non-liberal foundations…. That creates... 1/
[Fukuyama, cont.:] ...a tension… sometimes those cultural foundations are exclusionary…. Enough of a culture that people… are in a common endeavor…. But… that… shared core has to be tolerant and accessible..."

Now I had always thought we had that in America: That... 2/
...our dominant culture was that we were all Pilgrims, or descended from some group of pilgrims—that we were, at our core, a people that had come to this land from many different places on a journey in search of opportunity and freedom to make a free, prosperous country... 3/
Read 9 tweets
May 18
@FukuyamaFrancis RE: ... 1/
IIRC, the complaint of the Little Sisters of the Poor was not that they were being forced to provide contraceptives if they wanted to offer health care, but that they were being forced to send a memo to HHS saying they would not provide contraceptives. They said that for... 1/
...them to be required to send a memo saying that they weren't providing contraceptives would infringe on their liberty because they "could not in good conscience play such an indispensable part in the machinery that provides abortion-inducing drugs and devices...through... 2/
Read 4 tweets

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