I had written this in 2009 and it also appeared in “the new agenda.” It is a decent piece about people who saw the coming crisis pre-2007/8 and those who opposed them. Recently, Stanford Magazine did an article on one of the University’s former law review presidents who graduated at the top of the 1964 class. The first female to hold either distinction of graduating first in her class and also as president of the school’s Law Review. Prophet and Loss....
Read More »Money and Government: a lecture at the LSE, 17 September 2018
i. Over the weekend, just ten years ago, the investment firm Lehman Bros collapsed, and the world economy collapsed after it. I feel a little reluctant to add to the torrent of words trying to read the runes of this catastrophe for the better management of affairs in the future. But, by chance or cunning, a book of mine, called Money and Government: A challenge to mainstream economics, has just been published. This tries to set the collapse of 2008 in a historical context. It has been...
Read More »Noah Smith asks how did Alt-right Nativism go Main Stream
This is a brilliant Twitter essay. Click the link, but I think it can be partly summarized with the first and last two tweets. 1/I noticed Brit Hume defending Tucker Carlson’s remarks about diversity today, and it made me think about how ideas go from the political extremes to the political mainstream. I kind of have a model in my head for how this process happens. if media entrepreneurs like Bannon and Carlson had chosen to focus on things like kneeling...
Read More »Fighting Opioid and Painkiller Addiction
Some History In 1980, a letter to the editor of the New England Journal of Medicine by the Boston Collaborative Drug Surveillance Program stated “the risk of addiction was low when opioids such as oxycodone were prescribed for chronic pain.” It was a brief statement by the doctors conducting the study which was cited many times afterwards as justification for the use of oxycodone. In a June 1, 2017 letter to the NEJM editor, the authors reported on the...
Read More »Next Friday could be a very bad day somewhere along the East Coast
Next Friday could be a very bad day somewhere along the East Coast I think I may have mentioned once or twice that I am a nerd, right? So, last year during hurricane season I got hooked on a site called Tropical Tidbits. The neat thing about this site — well, from a nerdy point of view — is that it posts the GFS model forecast, updated every 6 six hours, for the next two weeks! While you normally don’t hear forecasts more than five days out, I noticed...
Read More »Trump’s base: not the white working class, but white evangelicals — all men and lesser-educated women — who believe the ends justify the means
Trump’s base: not the white working class, but white evangelicals — all men and lesser-educated women — who believe the ends justify the means Via Digby: __________________ 1. Trump has always been unpopular with college-educated voters [A] Pew Research assessment … [using a] validated voter survey (they matched voter file with the survey respondents) showed white women narrowly preferring Trump to Clinton by 2 points – 47 percent to 45 percent. … the Pew...
Read More »Oklahoma Teachers Purge Statehouse of Their Enemies
“For nearly a decade, Republican officials have been treating ordinary Oklahomans like the colonial subjects of an extractive empire. On Governor Mary Fallin’s watch, fracking companies have turned the Sooner State into the earthquake capital of the world; dictated policy to her attorney general; and strong-armed legislators into giving them a $470 million tax break — in a year when Oklahoma faced a $1.3 billion budget shortfall.” The state went from...
Read More »The Nastiest Motives of Nasty People
“Economists are active militants against the concept of the lump of labor, that is, the popular idea that the total number of jobs or of working hours is fixed (Walker, 2007).” The quote is the first line from a 2017 paper by Tito Boeri, et al. It gives me confidence that at least some of the time my message is getting through. The image below is from a 2018 report published by the Roosevelt Institute. It tells me there is still a huge amount of work to...
Read More »A graph for Sunday: 2012 Obama voters by 2016 vote
(Dan here…a little late posting,,,my fault) A graph for Sunday: 2012 Obama voters by 2016 vote – by New Deal democrat This is a graph I’ve been meaning to comment on, that I saw on Vox.com a couple of weeks ago. It breaks down Obama voters from 2012 based on who they voted for in 2016, and adds in Romney voters who voted for Clinton in 2016: As an aside, note that the graphs measure opinions per group, and definitely *not* their number. Also,...
Read More »Is Aretha The Equal Of Michelangelo?
Is Aretha The Equal Of Michelangelo? In the Washington Post of August 17, Chris Richards declared that the performance by Aretha Franklin of the title cut on her 1972 gospel-soul album, “Amazing Grace” “deserves to be compared to everything Michelangelo ever painted.” Now I am not prepared to go that far, but when I learned she had died, it as this particular song by her on that album (which I have in vinyl from when it first came out) that I wanted...
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