Links for Monday, June 20: China’s Economic Stimulus; Ludicrous RIAA Damages; What about NPR?; others…

April 17, 2011
  1. Stories about how China’s economy will soon surpass that of the U.S. should not be taken at face value. This is China’s economic stimulus project. This is what a government stimulus project is. A government stimulus project is when the government takes money and resources from the private sector and uses it to make and build things for which there is no genuine demand. Our American stimulus is of the same essential character. Ours is just a little more modest in scale.

  2. Here is a nice article from Niall Ferguson about the choice the American Government will make on our behalf in the near future: Raise taxes and/or cut government. Thomas E. Woods has argued that raising taxes will not solve the problem. There will have to be copious cutting.

  3. With juries like these, who needs dictators? Read the rest of this entry »


Links for October 4, 2010: Police Corruption in NY, How Many Stimuli Does It Take To Revive an Economy?, others….

October 3, 2010
  1. An absolutely chilling story of police corruption in New York City. Officers are pressured to reach arrest quotas by making illegal arrests while underreporting major crimes to make themselves look successful. They then go to disturbing lengths to intimidate an officer who does not perform. But first: what could happen to you if you make terroristic threats on facebook.

  2. You’ll hear proponents of government stimulus often say that the private sector is not creating jobs fast enough. Have any of them ever thought to ask why not? As it turns out, they’re afraid of something: the uncertain regulatory environment, of course. 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 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 »