Stop doing psychology and start doing econ

Brad DeLong:

[M]ore than a generation of inequitable and slower-than-expected economic growth in the global North has created a strong political and psychological need for scapegoats.

Well fuck you Brad DeLong. For inventing stories about my psychological need for scapegoats, fuck you.

DeLong continues, regardless:

People want a simple narrative to explain why they are missing out on the prosperity they were once promised, and why there is such a large and growing gap between an increasingly wealthy overclass and everyone else.

I can give you the simple narrative: Excessive private debt is the reason we are missing out on the prosperity we expect, and excessive private debt is the reason there is such a large and growing gap between an increasingly wealthy overclass and everyone else. End of narrative.

If Brad DeLong would stop doing psychology and start doing econ, he could see it for himself.