Showing posts with label Paul Krugman. Show all posts
Showing posts with label Paul Krugman. Show all posts

Friday, February 15, 2013

Why I have Been So Quite Lately

It is difficult to write about the politics of the moment when everyone has gone crazy or insists upon talking to morons.

First up Eliana Johnson. Some weeks back she, I assume, took President Obama to task for calling the Holocaust senseless. Her argument, such as it was, consisted of the claim that say what you'd like about the tenets of National Socialism it wasn't senseless. She then posted a follow up that was equally stupid.  Had the President followed her advice and said something like: while we all deplore the murder of millions we need to keep in mind that the Nazis acted out of deeply held belief; their violence wasn't senseless; rather, it was ideologically driven and, from their point of view, necessary. I would have called for his impeachment. Indeed, if you think back to the invasion of Afghanistan and Iran you will recall that any attempt to contextualize Isamist violence was viewed as tantamount to treason, you will understand that Johnson would, in fact, have called for Obama's execution had he done what she suggested he do.

It is no secret that  Matthew Yglesisas is a dolt. Recently he asked, in the context of the increasing inequality in America, "What do people have less of." Paul Krugman responded that we have less time. This misses the larger point that what "we" have less of is consequential political power. That is why wage stagnation matters. It's not that one cannot go deeply into debt to get law degree and no job as Yglesias suggests it is the fact that the plutocrats domination of out political system is evidence that the assault on the working poor, which is nearly all of us, is evidence that we live in a plutocracy.

And David Brooks is teaching a course at Yale about "humility" the exams for which are:

Assignment 1: Mid-Term paper of 2,500 words. Students will be asked to grapple with the indictment of their generation made by Christian Smith, Alasdair Macintyre and Jean Twenge. Due Date:  February 26. Deliver Hard Copy at end of class.  40% of the final grade.

Assignment 2: Final Paper. 2,500 words. Students will be asked to analyze the strengths and weaknesses of one of the character codes covered in the course. Due April 29. Delivery by email.  40% of the final grade.
 Leaving aside the fact that course make no sense, he is asking students to learn how to write David Brooks level stupid essays. The idiots have taken over the asylum and the morons are considered honest interlocutors.

So basically, I find it hard to say anything because the world has become such a hot mess and I give up.

Monday, March 26, 2012

A Journey of a Thousand Miles

begins with a single step. Clearly many of the Right's responses to Trayvon Martin's murder have been repugnant. On the other hand, Paul Krugman's op-ed piece shows one way to use the event to focus energy and attention of ALEC and, ideally, convince the non-crazy among us that the time has come to shut down the neoliberals' privatization of everything in their  relentless attempt to destroy America.

Thursday, October 20, 2011

Multipliers or Economics Still Not a Science

Why should 3rd world workers earn as much as 1st world workers, you ask. Well


First of all, even if we could assure the workers in Third World export industries of higher wages and better working conditions, this would do nothing for the peasants, day laborers, scavengers, and so on who make up the bulk of these countries' populations. At best, forcing developing countries to adhere to our labor standards would create a privileged labor aristocracy, leaving the poor majority no better off.
But what, you wonder, about the multiplier effect. You know where jobs create other jobs. Some people like to explain, slowly for those who need extra help, that
Funny how [ government] spending can only move money around, not increase total spending, if it comes from the government, and how the multiplier is a nonsense concept when applied to government spending, but totally valid when it involves oil companies …
So, apparently, jobs only create jobs in the 1st world.  

Wednesday, September 28, 2011

Economics Still Not a Science; History Remains a Discipline

In this post Paul Krugman laments the ignorance and mendacity of many of his colleagues and in this one extolls history as means of informing economics. I would go further and insist that one needs to think historically to aid in the creation of policies and the single most important "lesson" from history is that lots of things that were once true, particularly about social, political, and economic arrangements, were contingent truths and that reliance on contingent truths is a really lousy way to run a railroad.

Monday, September 26, 2011

Indeed

Paul Krugman on the problem with proceduralism versus personnel:
The point is that what we need are the right ideas, not the right sort of people. Madmen in authority come in all forms, and the dignified men in suits are often no better than the rabble-rousers.
In my dissertation, I found that August Hermann Francke was consistent in insisting that anything good resulted from selecting the right man, and he meant man, for the job.  The problem was, or became, who selected the right man? Clearly, Krugman is on to the key issue. Unfortunately, there is no standard for right man picking. Francke relied on a combination of evidence of spiritual rebirth and personal knowledge. What standards are we going to come up with today?

I had a conversation the other day with a relative about why the various proponents of not starting WWI were ignored and how we could identify them. Right now, I think, the answer is to never pick someone who has the answer instead of a series of answers to a variety of questions that need immediate solution.