By J.D. ALT
The principal dilemma of the progressive cause is that it has allowed a bedrock conservative premise to go so long unchallenged; indeed the progressives themselves have either overtly or implicitly agreed with the premise, making it virtually impossible for them to effectively advocate their goals:
By J.D. Alt
I recently saw a newspaper photo of ten or twelve men sitting on a crumbling stone wall beside a dirt road. It was somewhere in Africa, but the location doesn’t matter. What matters is that the men, as the caption made clear, were sitting on the wall because they had nothing else to do: they had no land to farm, there was no local job or employment available to them, they had no savings or credit with which to start some venture. Continue reading
By William K. Black
To many people, it seems paradoxical that conservatives target not the worst social programs, but the best. There is no paradox. Bad government programs are desirable from the right’s perspective – they discredit government intervention. Good government programs pose an existential challenge to conservative memes, so they are the prime target for attack.
By Pavlina R. Tcherneva
Keynes once said that “Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist” (Keynes 1964, 383). Two among those modern economists must surely be Reinhart and Rogoff, as no other book in recent history has contributed so much to the mass phobia and delusion about the debt and the deficit as theirs. This is a book that reinforces some of the worst ideas in the economics profession, a profession that refuses to acknowledge that we are no longer on a gold standard and that a government which has a monopoly over its own currency can both supply it without facing default and regulate its value.
By Mitch Green
President Obama is fond of reminding us that, as Americans, we can still do “big things.” Indeed we can do big things, but will we? At a passing glance, in a moment’s earshot, the President’s sentiment seems encouraging. That is, until you appreciate the extent to which he has committed himself to applying that rhetorical device to the task of large-scale deficit reduction. To those left sane after watching the debt ceiling theatrics, or those lucky few immune to the mind numbing aspects of it all are scratching their heads wondering why on earth the President has chosen this task as his “big thing,” rest assured you are not alone. Perhaps the President has read Fight Club too many times and believes that pushing the US economy to the brink of self-destruction is a good thing. While it’s a good book, and far from Palahniuk’s best work, I’d remind the president that it wasn’t supposed to be taken literally. Whatever his reasons, I think there are better “big things” out there that we might set out to achieve. Other things that actually improve the conditions of our lives, not roll them back.