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.

Wednesday, August 30, 2006

If I Have Seen Nothing But Mud, It Is Because...

Max Sawicky driven shrill by the assumption of perfect capital mobility:

MaxSpeak, You Listen!: STANDING ON THE SHOULDERS OF MEN IN DITCHES; VERY DEEP DITCHES: Professor Menzie Chinn at Econobrowser:

I understand why many models assume perfect capital mobility. Imperfect capital mobility is hard to model.

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