Is There An Objective Reality? Yes. So this is the ontological question: is supposed apparently “objective” reality really real? I come at this as someone who in the past questioned this. I had my period of post-modernist questioning of objective reality. This culminated in a paper, which I presented as a major address to receive a major recognition at my university, “Belief: Its role in economic theory and action,” American Journal of Economics and...
Read More »Does Menzie Chinn Or Tyler Cowen Replace Mark Thoma?
Does Menzie Chinn Or Tyler Cowen Replace Mark Thoma? The retirement of Mark Thoma, whose Economist’s View has been praised on his retirement with having transformed the econoblogosphere back in the mid- noughties by linking regularly, daily in his heyday, to other blogs, including this one. Thanks to him when the big crash happened, there was a wide open debate across levels and schools of thought in economics about what was going down. But for some...
Read More »Trump Brags About Record Defense Spending
Trump Brags About Record Defense Spending Niv Elis covers the latest in the Trump fiscal fiasco: President Trump on Friday signed two spending packages totaling $1.4 trillion, averting a government shutdown at midnight. The bills included all 12 annual appropriations bills for the 2020 fiscal year that started Oct. 1. They also included a slew of tax cuts, extending expiring and expired tax breaks and eliminating other taxes that amount to an additional...
Read More »Economic Possibilities for Ourselves
The most depressing feature of the current explosion in robot-apocalypse literature is that it rarely transcends the world of work. Almost every day, news articles appear detailing some new round of layoffs. In the broader debate, there are apparently only two camps: those who believe that automation will usher in a world of enriched jobs for all, and those who fear it will make most of the workforce redundant. This bifurcation reflects the fact that “working for a living” has been the...
Read More »The Afghanistan War
The Afghanistan War (posted by run75441) The Washington Post has over the last 7 days published a detailed account based on many secret documents they have spent years obtaining to provide an accurate account of what has happened during what is now the longest war the US has been engaged in. It is an impressive account, which I have tried to follow, although with finishing a semester I did not read every word of it. But it is a serious and important...
Read More »Trump’s Six Page Letter to Congresswoman Nancy Pelosi
Amazing . . . President Trump’s Letter to the Speaker of the House Congresswoman Nancy Pelosi The first clue that much of the six pages of this letter was not written by Mr. Trump is the salutation; “Dear Madam Speaker.” Then it goes through a series of rants. You can catch a version on Politico also.
Read More »A Post-Election Reckoning for British Politics
Leaving the European Union on January 31, 2020, will be UK Prime Minister Boris Johnson’s repayment of the debt he owes to the many Labour supporters who “lent” his Conservatives their votes. But “getting Brexit done” won’t be enough for the Tories to hold on to their parliamentary seats.LONDON – Speaking outside No. 10 Downing Street following his emphatic election victory, British Prime Minister Boris Johnson thanked long-time Labour supporters for having “lent” his Conservative Party...
Read More »“Ignorance has Won”
“I didn’t find half a dozen people,” John Richards (96) said on his website about the past in his search for associates to join him. Mr. Richards started a society after seeing the “same mistakes over and over again” in the usage of the Apostrophe. He had hoped he would find half a dozen people who felt the same way and join him. “Instead, within a month of my plaint appearing in a national newspaper, I received over 500 letters of support, not only from...
Read More »The Case for Carbon Taxes, Part II: Political Sustainability
by Eric Kramer The Case for Carbon Taxes, Part II: Political Sustainability In a prior post, I argued that carbon taxes are not vulnerable to political subversion by hostile courts and regulators, and that this is an important advantage of carbon taxes over traditional regulation based on mandates, and also an advantage over subsidies. Once they are passed, carbon taxes can work more or less on auto-pilot to drive a clean energy transition, unless they...
Read More »China’s Quest for Legitimacy
December 3, 2019 The conventional Western view is that China faces the alternatives of integrating with the West, trying to destroy it, or succumbing to domestic violence and chaos. But the Chinese scholar Lanxin Xiang instead proposes a constitutional regime based on a modernized Confucianism.LONDON – Liberal democracy faces a legitimacy crisis, or so we are repeatedly told. People distrust government by liberal elites, and increasingly believe that the democracy on offer is a sham. This...
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