Links for July 19, 2010: To Stimulate or Not To Stimulate; What Police Can Do; much, much more….

July 18, 2010

    Paul Krugman: Boost aggregate demand! Muahahaha!!!

  1. It’s good to hear Krugman speak and respond to questions. The thrust of this discussion is that the opposition to the stimulus is a visceral reaction, not an intelligent one. Although some guests early on questioned the empirical efficacy of the stimulus, we did really not hear from any Thomas E. Woodses or any Peter Schiffs who maintained, in quite an intellectual fashion, that the stimulus is simply bad economic policy. Krugman remarks toward the end that he doesn’t see stimulus jobs as “makework” jobs. I do not understand how this position can be honestly defended alongside the position that we now need government to “boost aggregate demand”, i.e. create demand where none existed before. What is the purpose of the stimulus if it is not to “make work”? If these were not “makework” jobs, we would do them anyway. We would not need an economic crisis as a pretense for passing $700 billion spending bills. For a response to the assertion that Roosevelt’s slashing of the deficits caused a recession in 1937, see this. For a response to the assertion that World War II spending lifted the U.S. economy out of the depression, listen here, starting at 32:17.  Read the rest of this entry »


Links for 2010-02-17: LAPD Harasses Sidewalk Food Vendors, Learn Marx’s Capital via Podcast, others….

February 18, 2010
  1. reason.tv | Taco Truck Takedown! Why is the LAPD harassing food carts?

    Forty-five days in jail for selling hot dogs? And you thought this was a "free" country…..

  2. LibriVox | Capital Volume 1 by Karl Marx

    The real deal? Das Kapital in a free audiobook podcast.

  3. David Harvey.org | Reading Marx's Capital

    Ooh! A 13-part video podcast on Das Kapital. Can't watch now, but my comments will surely follow! Read the rest of this entry »