Sunday, May 20, 2018

Everything New Is Old Fiction

Stephanie Kelton Has The Biggest Idea In Washington

...Kelton’s core idea ― that the government can’t run out of money or go bankrupt, no matter how much it spends ― hasn’t really changed since the days when Buiter and Krugman were trashing her thinking. But it seems the world has. Today she is a full-fledged member of the American power elite, juggling television bookings with MSNBC’s Chris Hayes and Bloomberg TV’s Joe Wiesenthal, writing op-eds for The New York Times and being quoted in The Wall Street Journal...
 It continues to amaze me that old, recycled ideas are "discovered" by bloggers and politicians and suddenly someone is a genius. Anyone with a smidgen of prognostication could sit back in the 70s and go "What is the logical outgrowth of computers and robotics" and arrive at the conclusion that jobs are going to disappear. The next question, of course, becomes what do we do with all the unemployed people? Solutions vary but the "government job" seems the less onerous and more likely of all the various ideas, which range from the medieval to the ridiculous. All this points toward a favorite hobby horse of mine--- that the deficit doesn't matter because the government can print all the money it wants to and inflation will inevitably lag behind the money supply.

As always, the science fiction writers arrived long before the "scientists." Go here for a reading list.


Thursday, March 15, 2018

Hope For The Future

The kids are all right: American Students Have Simple Demands

So, when tens of thousands of schoolchildren walked out of class all over America on Wednesday, they weren’t merely acting in a brave and proud tradition. (Emma Gonzalez, the firebrand from Marjory Stoneman Douglas High School, even cited Tinker in her remarkable address in the wake of the massacre in Parkland, Florida.) Depending on how rigid their principals and school boards are, they also were taking a considerable chance.

That they walked anyway should be a warning to petty dictators all over a country that has too damn many of them running school boards, city councils, high schools, manufacturing plants, and corporate offices. And there’s one running the executive branch of the United States government, now that I think of it.


Wednesday, January 31, 2018

Howdy Doody Gowdy Bids Aideu

The Benghazi crazed pol from SC has announced his retirement from Congress. Could this be a get out of town move two steps ahead of the Russia probe? You know, the one being sandbagged by his good buddy Rep. Nunes?

Thursday, December 28, 2017

Flynn The Traitor

 From Balloon Juice:

...When the Obama countermeasures were announced, Michael Flynn, who was influential in the Trump transition and who would become Trump’s National Security Advisor, contacted the Russians to tell them that those measures would be rolled back once Trump was in office, immediately undercutting deterrence. The sanctions and expulsions have not been rolled back, but Trump has been careful to avoid saying anything negative about Russia and has praised Russia and Putin. He continues to deny that there was any Russian involvement in the election and has attacked American law-enforcement and intelligence agencies for investigating that involvement...

Wednesday, November 08, 2017

Simple Math And The 9% Factor


Keith Oblermann unearthed a statistical nugget and re-visions the 2016 election with the Mango Menace going down in flames. Politically, we should pay close attention to what he came up with.

The Brazile Effect


Last night's election results were surprising in one regard: the Brazile Effect didn't cost the Democrats the governorship of Virginia. Many Democrats were running around wringing their hands and screaming the sky is falling after Brazile accused SOS Clinton of rigging last years primary election. Of course, the claim was pure nonsense, which Josh Marshall, among others, deconstructed quite effectively. (Here is an excellent summary post.)

No one knows what was clattering through Brazile's mind when she made her specious charges. Some people, like me, were suspicious that she was deliberating creating another round of chaos between Sanders and Clinton supporters, who are trying to get together, though many of the Sanders supporters continue promulgating their CDS. But it looks like the Brazile Effect was negligible, which gives me hope for the future. Perhaps, voters can actually see beyond and through all the propaganda and misinformation spewed by the GOP in general and Fox News and the Russians in particular.

Wednesday, November 01, 2017

How tRump Wins

 From USA Today:
...The question is not whether Trump has any decency left, but whether we have any decency left.
Trump is not against the ropes. Not even close. Republicans are marching in lockstep. What frightens me is that what Trump is unleashing, he cannot control. When I look at what happened months back in Charlottesville, Va., I realize it doesn’t take much to change a cadence — how easily marching in lockstep morphs into a goosestep.
Flake wrote, “We can no longer remain silent, merely observing this train wreck, passively, as if waiting for someone else to do something. The longer we wait, the greater the damage, the harsher the judgment of history.”
True. But if Flake believes what he said, he should go down losing. So should other Republicans fearful of Trump or Steve Bannon or some other boogeyman with a slogan-branded hat.
If sensible Republicans cede the playground to the bullies, the bullies win. Flake said we can no longer stand silent. Talking while walking away is not an improvement.