Republicans would oppose anything that might help the economy on Obama’s watch. That is, they’re opposing QE not on the grounds that it won’t work, but because they’re afraid that it will. From GOP Economic Nihilism watch So much for bipartisanship policy making.
The Triumph Of Reagan Over Friedman
this is a point I think conservatives who believe they can remain reasonable about macro fail to grasp — this is about philosophy of government. If your bedrock faith is that government is always the problem, never the solution, then you’re not, ultimately, going to be willing to draw a line around the central bank… Continue reading The Triumph Of Reagan Over Friedman
Will America Fall Prey To A British Disease?
[Britain] failed to develop a coherent policy response to the financial crisis of the 1930’s. Its political parties, rather than working together to address pressing economic problems, remained at each other’s throats. The country turned inward. Its politics grew fractious, its policies erratic, and its finances increasingly unstable. In short, Britain’s was a political, not… Continue reading Will America Fall Prey To A British Disease?
Outside the Bubble
A new CBS poll says virtually no one thinks the deficit or the national debt are the top problems facing the country. From Talking Points Memo Not surprised one bit. I’d be willing to bet that the tea-party folks most vocal about debt, deficit and taxes are no more knowledgeable on those topics then a sampling of… Continue reading Outside the Bubble
Anis Shivani: Bush’s ‘Decision Points’ Is A Terrifying Journey Into the Authoritarian Mind
The beauty of the Bush philosophy of governance is that it creates and accelerates those very conditions of stress (radical economic inequality promoted by tax cuts for the wealthy and concomitant cuts in public services for the less well-off) that then provide fertile ground for popular acceptance of measures intended to further worsen conditions for… Continue reading Anis Shivani: Bush’s ‘Decision Points’ Is A Terrifying Journey Into the Authoritarian Mind
Has the TSA ever stopped an act of terror?
Is there any evidence that TSA procedures have thwarted or prevented an act of terror? I’m serious here. Any evidence?
Traditional Light Bulb Values!
One of the legislative priorities for Rep. Joe Barton (R-TX), who’s vying to chair the House Energy and Commerce Committee is defending the “traditional, incandescent light bulb” against government regulators who want to replace it with “the little, squiggly, pig-tailed ones.” From Traditional Light Bulb Values! What about candles and whale oil lanterns? Is Joe… Continue reading Traditional Light Bulb Values!
As Close As I’ve Heard On Mainstream Television To F ascism.
Watch Glenn Beck’s two-show tirade against George Soros. Lets not pretend this is something other than naked propaganda dressed up to look like a documentary. This is just Beck taking the next step in his death cycle.
The Hijacked Commission
The goals of reform, as Mr. Bowles and Mr. Simpson see them, are presented in the form of seven bullet points. “Lower Rates” is the first point; “Reduce the Deficit” is the seventh. So how, exactly, did a deficit-cutting commission become a commission whose first priority is cutting tax rates, with deficit reduction literally at… Continue reading The Hijacked Commission
First word problems in perspective
From Poor things. Putting things in perspective.