(I have Dan Burr working on a piece on Obamacare, but that will take a while.)
FDR, who could have been talking about QE, in his first inaugural:
“Faced by failure of credit they [bankers] have proposed only the lending of more money.”
I come across very few things that make me jealous in an “I should totally have done that” way. This is one of them: a video from someone who goes under the nom de guerre of Haiku Charlatan that nails what’s wrong with our economy. Like, why did I bother writing an entire book, dammit?
It’s here. You should watch it. http://youtu.be/6zsXUDQXKuQ
There are even Keynes quotes I hadn’t come across before. Seriously, my eyes are little hearts right now.
I’ve started looking at the creator’s other stuff; my favorite line so far:
The Financial Times has a piece on how the Chinese economy is poised to take over the mantle of “world’s biggest economy” this year, which is earlier than previous estimates.
But China has been the world’s biggest economy since 2010. You can read about it in a post of mine from a couple of years ago, here.
That doesn’t mean that the news is meaningless; the fact that the relative economic positions of China and America are changing faster than expected means that the (nearly inevitable) political rebalancing will also happen faster than expected. As I said in my previous post: we’ll have to make room for others at the top, if we’re smart we’ll do it willingly and with good grace, but either way we’ll do it.
My incessant Googling of my own name recently turned up a review of Economix at Wink Books. It’s been a while since I mentioned a review (although I keep this page updated), and I’m not writing about the review itself now. Point being, I wound up reading their other reviews; it turned out that Wink an interesting site. It’s devoted to print books that should be print books–ones that don’t work as well as ebooks. I think they were being kind to include Economix (which, I’ve heard, works okay as an ebook ), but their other reviews include a lot of innovative and interesting stuff that I hadn’t known about.
Highlights so far include Denis Wood’s Everything Sings (a series of maps of an ordinary California neighborhood), Anthony Grafton and Daniel Rosenberg’s Cartographies of Time (a history of the timeline), and Joe Sacco’s The Great War (a giant pull-out frieze that stretches the definition of “book”).
So (as weird as it may be for me to review a review site) if you think there’s still a place for printed books, or if you’re open to being convinced that there is, check it out!
There’s a video making the rounds where Neil DeGrasse Tyson talks about the gender and racial disparity in race and science. It’s a great talk and I thought I’d transcribe it for the video-impaired.
It’s worth pointing out that this was a response to a question that in turn was prompted by Larry Summers talking about something he doesn’t understand (in this case the gender disparity in science). Summers was somewhat misquoted, but honestly there’s no subject Summers doesn’t get wrong; the man just has to shut his big stupid yap already.
Anyway, here, by contrast, is Tyson:
I’m on a panel on Monday, 12:30 to 2, at North Shore Community College in Danvers (Room 105 in the HPSS building).
Come and hear me pontificate! The campus map is here: http://www.northshore.edu/safety/pdf/Danvers_Map.pdf.
“Each man has his own individual right to do as he pleases, but businessmen have no influence over voting. If they did it would be the downfall of the nation.”
He was exaggerating, of course, but it wasn’t completely implausible when he said it (the mid-20th century).
So, a week or so ago one of my favorite living economists, Paul Krugman, posted a piece on the Trans-Pacific Partnership. He wasn’t for it, exactly, but he thought it just wasn’t that important. I disagreed, to put it mildly.
But yesterday, one of my other favorite living economists, Joseph Stiglitz, came out swinging against the TPP in a New York Times opinion piece.
Some of his points:
Which are much the same points I made in my comic on the subject. It’s kind of nice when someone of Stiglitz’s stature agrees with you.