The Opening of a Conservative Mind
July 26, 2010 11:22 AM Subscribe
posted by kliuless (156 comments total)
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, senior policy analyst in the Reagan White House, speaks out against Republicans
- The monumental hypocrisy of the Republican Party is something amazing to behold. And their dimwitted accomplices in the tea-party movement are not much better. They know that Republicans, far more than Democrats, are responsible for our fiscal mess, but they won't say so. And they adamantly refuse to put on the table any meaningful programme that would actually reduce spending. Judging by polls, most of them seem to think that all we have to do is cut foreign aid, which represents well less than 1% of the budget.Martin Wolf
, éminence grise of the Financial Times, also fulminates
Republicans have no interest in doing anything sensible ... To understand modern Republican thinking on fiscal policy, we need to go back to perhaps the most politically brilliant (albeit economically unconvincing) idea in the history of fiscal policy: "supply-side economics". Supply-side economics liberated conservatives from any need to insist on fiscal rectitude and balanced budgets.
-The election in one graph
-Can American Conservatism Ever Be Reformed?
-Towards Economic Humility
-How To Balance The Budget
-Some Thoughts on the Bush Tax "Cuts" Expiration
More BB on (lack of) stimulus
- Thus it appears that there is virtually nothing that can be done to stimulate the economy. For various reasons—political, institutional and substantive—there is no prospect of either fiscal or monetary stimulus.
A Toxic Toolkit
- Why is the Fed unwilling to do more to help the economy?
Trickle Down Meanness
- There is more at stake here than our economy. We must, as a nation, decide whether we want to continue on the path we have been on since roughly 1980. Do we want to continue to reward disproportionately a small fraction of the population that (based on recent performance) seems better at misallocating financial, physical, and human capital through speculative endeavors? Do we want to continue the trickle down of meanness? Shall we live in a society in which trust and fellow feeling are lost, replaced by mindless (not rational, not productive) winner-take-all competition that favors one group disproportionately? If the answers to these questions are all "yes," then the social fabric may already be torn beyond repair and I fear we are about to learn firsthand how empires crumble.
A titanic struggle to decide whether the jobless should get money for longer
- There are two main reasons why Republicans oppose extending benefits: because the country cannot afford it, and because benefits, they believe, have given the unemployed an incentive to stay out of work. Neither reason is well founded.
Is Another Economics Possible?
- Textbook economics also largely ignores worker-owned businesses and consumer cooperatives, although these are geographically widespread in the United States. Recent research suggests that many workers would like to play a larger role in the management of their companies and that "shared capitalism" works remarkably well ... One could say, therefore, that another economics is now under way. Still, it seems fragmentary and incomplete and not yet adequate to the task of institutional design. We still don’t know how best to organize cooperative efforts or how to mobilize the capital necessary to support them on a large scale.