Free Speech Doesn't Pay the Bills

Cross-posted at Taylor Marsh.

I first moved to China in August 2003, the summer after the SARS epidemic killed 774 people in Asia and North America. First reactions to my announcement usually fell into one of two categories. The first was the Are you crazy? Don't you know people are dying of SARS? group. For those of you with concerns about SARS, I refer you to the foremost experts on this topic, the residents of South Park.


The second was the How can you live in such a brutal, authoritarian country where the people are so oppressed? group. For those of us who grew up during the Cold War--I was in high school when the Berlin Wall fell and the Soviet Union crumbled--the word communism likely congers images of a Chinese man standing in front of a tank in Beijing in June 1989, East German soldiers carrying the body of a man shot dead trying to escape to West Berlin, President Kennedy addressing the nation during the Cuban Missile Crisis, or President Reagan in Berlin declaring, "Mr. Gorbachev, tear down this wall." Thus, like those who questioned me, I was anticipating a tightly controlled society where people were bitter and desperate for freedom.

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Bush's Voodoo Economics

Wall Street is expressing concerns about a possible recession or even a depression.  All these prognosticators of gloom and doom have not fully understood the effectiveness of the Bush Administrations clever economic policies which are based on Friedman's economic magic.

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Economic Flashbacks

Crossposted from Left Toon Lane, Bilerico Project& My Left Wing

click to enlarge

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I can think of 62,000 reasons why John Stossel is wrong!

Why oh why does this man irritate me so?  Now don't get me wrong, John Stossel is probably a nice man.  But for a man who can garner audiences, he is "dangerous" (well not really, but the guy's on TV and he is on the ra-ra free market Right's side promulgating this crap) with his half ass grasp on our economy.   Recently, on MyDD's evil twin, he wrote up a piece on how the economy really isn't doing bad.  That it was all media hype.

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Bad Research on the REC LIST

I'm sorry, this ain't no pissing contest, and even if it was, I don't got a dick, so it is irrelevant. I'm going to post this, and then I'm going to walk away. I'm sure Lakrosse made some wonderful points, that I probably agree with. I haven't read them yet, and may not, at all.

Right now, I want to talk about what the scholarship has to say about why Bill Clinton's economy was fundamentally strong (note: looking at my last diary, you might be asking -- wtf? Just because I can't trust the gov't statistics doesn't mean that there aren't statistics out there, and it doesn't mean that scholarly research can't be done with the CORRECT statistics).

So, what am I trying to say here? TEN YEARS AGO, the idea was that reducing the federal deficit would save the economy. That was conventional economic wisdom, you know by the eggheads, not just the cocktail parties.

That isn't what they're giving credit for, today. Today, the credit for Clinton's boom (which, it should be noted, is widely accepted to have been artificially extended by  the dotcom bubble, but was in fact a true boom) goes to infrastructure investments.

O-man has a lot of Chicago School economics people on his team. Let's just say that there's a reason he's not running on the balanced budget, and that reason is that the science doesn't show that balanced budgets save the economy. Come to think of it, none of the Democratic candidates were running on balanced budgets.

End of Rant. I go read rest of rec list now.

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