"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Wednesday, December 3, 2008

Why I'm Glad I'm Not Studying Economics at Berkeley

Two words: Brad DeLong.
On his blog, DeLong has long had a history of editing out comments that are critical of him, especially those that point out errors of fact. He recently linked to a Tyler Cowen post which voiced some mild approval for Ludwig von Mises' "Theory of Money and Credit."
DeLong then quoted a section of the book lauding the gold standards and then, well, he basically laughed.

Several posters then called him on the fact that he really didn't explain what was so wrong-headed about what Mises said, just relied on intellectual intimidation.

Some attempted to defend Mises' views. And yes, a few people called DeLong names. All those posts quickly went down DeLong's convenient memory hole.

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