Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Tuesday, January 03, 2006

Brad. The Economist is fine. You just need to put on your tinfoil helmet before you start reading. Then you will be safe:

Bradford Plumer : Whenever I'm traveling and not keeping up with current events--as has been the case over the past two weeks--I tend to pick up a copy of the Economist at the nearest airport in order to catch up. "How nice," I say, "this pretty little newsmagazine has all the international news I need to stay abreast." Plus, of course, it has that British "edge" we culturally insecure yuppie Americans find so intoxicating. What's not to love?The only downside is that I sometimes get taken in by the magazines very subtle and quite reasonable-sounding free-market agitprop. For reasons unknown, I find myself nodding amiably when I read: "And that's what makes America so dynamic." Or: "This problem is nothing a bit of market competition can't solve."... It's stunning, how charmingly right-wing this pretty little newsmagazine is. At any rate, that's just a long way of prefacing the Economist's piece this week on the history of wheat, which dives right into the "Green Revolution" in India, and dismisses with a quick backhand any and all environmentalists who criticize the Green Revolution, genetically-modified foods, or what have you...

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