Links for November 28, 2011: Cheap Chinese Labor; Money; Unfortunate Baby Names; others….

November 26, 2011
  1. This image accompanied the article at Phawker. What emotion toward Chinese workers is this image calculated to instill?

    I first caught this article re-posted at Phawker.com under the title, How Steve Jobs F*cked Over The American Worker. Steve Jobs could have sat at home and played his Atari all day. He chose instead to revolutionize the way we communicate. This is the thanks he gets.

    But in 1996, the moneymen on Wall Street decided Apple was not living up to their expectations. Earnings had sagged. To raise cash and bolster the bottom line, the company was forced to unload assets. The Fountain plant was sold, just four years after it had opened. The plant was profitable and well-run, but Wall Street’s relentless focus on short-term earnings demanded results.

    It’s called efficiency. Those who see jobs as ends in themselves don’t seem to care a lick about it. Read the rest of this entry »


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 March 17, 2010: Judge Jim Gray On What’s Wrong With Drug Prohibition; Will Weaking the Dollar Help the Economy?; others….

March 18, 2010
  1. Reason.tv | Judge Jim Gray on The Six Groups That Benefit From Drug Prohibition

    The essential arguments against drug prohibition in under nine minutes.

  2. Mother Jones | China's Empty Threat

    "If they started dumping their U.S. assets, China would lose money on the deal and the dollar would fall in value, which would help correct our trade deficit. What's not to like?"

    At some point, you gotta smell a rat. Read the rest of this entry »