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 July 6, 2010: Kagan on Corporate Speech, an Easter Egg in the Health Care Bill, Knocking “Deficit Hawks”, others….

July 4, 2010
  1. Elena Kagan: How hard will she fight corporate free speech? (Photo: Doc Searls)

    An attorney’s job is to be a zealous advocate for her client. I becomes a sort of theater of the absurd. It does not necessarily follow that she will retain this mentality on the bench. On the other hand, perhaps it is not so wise to turn someone who has built a career arguing on behalf of the government into a Supreme Court Justice. Habits are sometimes hard to break. Contrast with Ralph Nader’s 36 Questions for Elena Kagan, wherein the author’s first ten questions attempt to gauge Kagan’s support for free corporate speech, seemingly unawares of her very office’s zealous efforts to limit it.

  2. I wouldn’t be surprised if this were one of many Easter eggs hidden in this bill that the American people did not bargain for. That’s generally how sprawling legislation works, is it not?

  3. The FAA has granted the company an extra 110 pounds to the LSA limit of 1,320 pounds maximum takeoff weight. Terrafugia says this will allow the extra safety equipment and a still allow the airplane to compete with other LSA aircraft in terms of range and the amount of payload it can carry.

    Kudos to the FAA for getting out of the way of progress. Read the rest of this entry »


Links for April 19th, 2010: What is a Libertarian?, Marijuana Law Enforcement in Philly, R.I.P. Jack Herer, others….

April 18, 2010
  1. The Cato Institute posts this excellent intro to Libertarianism to share with your interested friends and family. At the end, Stossel asks for alternatives to the term “Libertarian”. I liked the term a lot until I learned that it used to be the term for “leftist anarchism”. I’d like to come up with another term to avoid the confusion.

  2. A step in the right direction for marijuana policy in Philadelphia. Now I wish I’d voted for Seth Williams. :-/ Read the rest of this entry »