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Arnold Kling on liquidity traps

It is late, so I'll dispense with much accompanying dialogue and go straight to the links. I believe this will be the first of many posts on the subject, given its recent popularity in econo-pundit circles...

Arnold Kling has questioned whether we should fear the liquidity or the statism trap, with the money quote from his blog post: Read more »

California re-regulation having predicted effects

Lynne Kiesling at The Knowledge Problem has an interesting post that shows that once again, California is unique among states that have restructured their electricity industries, in that California faces continued reliability problems and the others do not. Read more »

One step forward, one step back

Egads, every time I try and fix the dang template, something else pops up. Its like a game of whack-a-mole, except I'm not getting any prize tickets.

I'll be happy when the "user friendly interface" for MT comes a-knockin'.

Although, to be fair...

I have to say that on the whole, I appreciate Jim Henley's UO and the approach he took to expressing his anti-war sentiments, such as marching with pro-capitalist (yet anti-war) signs during ANSWER rallies (to both repudiate the odious ANSWER and the WWP while maintaining his principled stand against the war). As well as the general sentiment that the US should get itself out of the world as much as possible (in terms of military reach, boots on the ground, etc). Read more »

Jim Henley has lost it

..or at least temporarily so, with his latest posting damning all of his political enemies to hell for the crime of not having succeeded ultimately and utterly. Read more »

Jane Galt on Krugmanesque Inanity

Jane over at Asymmetrical Information has a very lengthy and amusing take-down of a rather inane post from Salon that compares the one year cost of various social programs to the full (10 year) "cost" of the most recent tax cut voted into existence. Jane calls this approach "Krugmanomics" because:

[it] uses the same technique recently popularized by Paul Krugman: it compares the multi-year cost of a tax cut with the one year cost of something else.

On Sex & the Harm Principle

The Volokh Conspiracy churns out another gem, this time a lengthy discourse on the "Harm Principle" (defined by Eugene Volokh in the post as being "People should be free to do what they please, so long as they don't harm others [except consenting adults who freely agree to be exposed to the risk of harm]") and how that principle does or does not apply to questions of sexual morality.

And we're back...

from the server outage earlier this morning. Our legion of fans and readers will no doubt sigh in relief at our return.

[crickets chirping]

Oh yeah, we're still in beta mode with no main links to anywhere...

No discipline for college

Arnold Kling (from the Econoblog at the Econlib) gives us a discussion question for today, referring to his post on the academic job market.

In another industry, if there were an excess supply of workers, a competing firm might offer a lower wage in order to cut its costs. Why does this not happen at colleges and universities?

Come to think of it....

our current layout is reminiscent of The Matrix, at least in terms of color scheme.

Corporate Mofo on "The Matrix Reloaded"

The Corporate Mofo has ruminations on how the Matrix is influenced by gnostic christianity, the dead sea scrolls, and specifically the heresy of Origen of Alexandria.

A good read, check it out. Read more »

"Squashing Dissent"

Calling the reaction to anti-war protestors "squashing dissent" does violence to the language, as well as profanes the memory of those who actually were squashed (or tortured, imprisoned, or killed) for dissenting.

To squash dissent, you squash it. Stop it. Apply force to silence the dissenter, either by killing them or rendering them incapable of speaking to others (by imprisonment, exile, torture (rip out the tongue, chop off hands, etc)). Read more »

The goal of the Libertarians isn't to "beat" the leftists...

...or at least, not in the sense of eliminating their candidates from the political process. If it were, then I could agree that Libertarians should bury their differences with Republicans to elect as many non-Democrats as possible.

But the goal is not to do that, but rather to restrict government and enhance liberty (social and economic) to make a free society. Republicans and Democrats occasionally do right on one of the two aspects of liberty (social or economic) but rarely (if ever) do good on both, and often do bad on both. Read more »

Vote your Conscience, not your Fears

Nobody registers "votes against". Its only "votes for". Every vote against Gore is a vote for every lame policy initiative cooked up by Bush.

Between the two, I wanted Bush to win. But he won't get my endorsement (vote) for President- he didn't in 2000, and he's certainly not getting it in '04 (no matter how well I think O:IF has worked out). Read more »