Bucking the trend of the almost universal centrist-to-liberal economics blogbashing of Treasury Secretary Tim Geithner’s TALF plans DeLong practically goes Brokeback Mountain with Timmy G. DeLong, who shows that myths of Berkeley being the hotbed of liberal academia are just that in its econ department, and also showing another reason why I thought Kevin Drum was such a squish at Washington Monthly, claims:
1. Geithner actually knows what he’s doing, and for more than his G. Sachs BFFs;
2. TALF as structured by Geithner is actually a bit of a financial burden for them, etc.
Krugman has now responded, congratulating DeLong for “the old college try,” then pointing out how Ihe basically didn’t do the old college homework on a significant part of Geithner’s plan.
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