Plot summary: Simon and Nick disagree about something Paul said, so Brad steps in to settle the dispute (probably a rerun or at least a rehash of a sequel to a remake). Most Lucky-like ("...the skull the skull the skull the skull in Connemara in spite of the tennis...") sentence -- what Brad wrote:
Conventional monetary policy that swaps liquid cash for short-term safe nominal assets cannot help unless and until it summons the Inflation Expectations Imp and so makes interest rates at the zero interest rate lower bound consistent with the configuration of real interest rates across the risk spectrum that corresponds to the current Wicksellian natural rate.What the reader sees:
Blah, blah, blah, blah, Nick Rowe, blah, blah, blah, Simon Wren-Lewis, blah, blah, Brad DeLong, blah, blah, blah, blah, Paul Krugman, blah, blah, blah, blah, blah.Storyline for Economist's Squares (adapted from the storyline for Hollywood Squares):
Nine celebrity economist bloggers, seated in a three-by-three tier as in a tic-tac-toe board, joined two contestants, one of them a champion, in a game known best for the celebrities' wonkish answers to questions. The object was to win an otherwise standard game of tic-tac-toe by determining whether a celebrity economist was giving a correct answer to a general knowledge question or bluffing ("agree" or "disagree"). Contestants selected a celebrity, for which host Mark Thoma reads a question; a correct decision to agree or disagree by the player allowed him/her to place their mark in that box, while the opponent's mark was placed there if said decision was incorrect (unless it led to tic-tac-toe, in which case the contestant had to earn the box). During the first complete game of a show, a "Secret Square" game offered the contestants a bonus prize package for a correct answer. The contestant winning the best-of-three match was champion and returned to face a new challenger.