Archive for February, 2013

Today’s fish…

… goes to Unity at Ministry of Truth. Again.

In this case he’s holding journalism (or at least what passes for it at the Daily Fail) to a higher standard over little things like telling the truth. Massive distortion of facts to sell a failing, and false, narrative of British society with which to enrage the elderly. Why, oh why, can’t our better press corps get paid to do it?


Daily Trawl

Few bits and pieces:

1. Scientific American on perverse incentives.
Chris Amade goes into detail on the perverse incentives created by the Great Moderation / Deregulation in financial services.

2. Linda M. Beale on the Golden Fleece.
A Taxing Matter invokes the ghost of William Proxmire.

3. Brad DeLong doing what he does.
He’s not the first to investigate the intellectual emptiness of the modern US ‘movement’ conservatives, and he won’t be the last.

4. Noah Smith deals with Dean Baker.
Economic case for fluid labour markets, open immigration policies and why liberals really shouldn’t run away from themselves when they’re winning.

5. And finally: some dude with a yoyo.

Daily Trawl

Lot of stuff has flown by since yesterday. [ …and I’ve just updated this post @16.00 — ed. ]

1. Lots of economics
Prof. Krugman is killing zombies, responding to this piece by Miles Kimball. Sheila C. Blair is in the NYT pitching the conservative economist’s argument for counter-cyclic policy. Carol Binder has a nice piece on recent work looking at the Great Recession and inequality. The Angry Bear catches some macro-economists mostly agreeing on something. There’s this excellent piece by Arjun Jayadev on the ways post-Moderation finance reduces market efficiency. And Bruce Judson is in the National Memo talking about Too Big to Jail, and the invidious effects of such privilege.

2. Dan Drezner austerity roundup
Drezner bringing a foreign-policy perspective to the progress of Austerian hysteria.

3. James Fallows (who is great) on journalism
On the subject of false equivalence:

The essence of the false-equivalence mindset is the reflexive assumption that “reality” is halfway between whatever two contending sides assert. Maybe that reflects early immersion in the Goldilocks saga. (“This one is too big. That one is too small. This one is just right!”) Maybe it’s a holdover from the age of Walter Cronkite. Perhaps it’s the D.C. worthy-person’s mantra, familiar from conferences and talk shows, that “partisans on both sides” are the main threat to progress. Whatever. We see it all around us now.

… followed by a detailed drubbing for the Washington Post.

4. Daniel Larison in The American Conservative
A nice internal critque of extremism in the GOP over Israel, from both tactical and strategic perspectives, and the Hagel nomination.

5. Marin Cogan on the Washington locker-room mentality
Kyriarchy and it’s affect on female journalists who wish to speak truth to (WASP, male) power.

6. And in other news…
I have an opinion piece on Liberal Conspiracy: thank you, Sunny!

This England…

* dries eyes * Oh my. Anyone, anywhere, who is baffled and bewildered by the English and their ways needs to read all of this blog, now. Hat tipped to the wonderful Cavalorn.

Daily Trawl

Very heavy on the economics today, with several hat-tips to Mark Thoma.

1. Daily Krugman.
This is a point that needs making more often; Germany internalised a lot of profits from the Euro-periphery finance boom, and is very successfully externalising most of the costs.

2. Mark Thoma is in the Fiscal Times.
He’s spot on; the 112th Congress and everything since has made it very clear that any risk or uncertainty about the future reflected in the US economy constitutes uncertainty about the precise degree of insanity on the hill and what it might do as a result. Not, in any way, uncertainty about the effects of the actual budget, budget deficit, or debt ceiling themselves.

Continue reading ‘Daily Trawl’

United CoD Enterprises

Today’s catch goes to Unity for another skewer into the Eastleigh By-election. I suspect this may become a habit, Ministry of Truth is like that. This news is unlikely to interest anyone who isn’t a UK political junkie :)

Say what now?

This is old, but it’s really funny, and I have a thing for Bobby Kennedy conspiracy theories. I’ve heard the one about the mind-control conspiracy (which is in Sirhan’s parole hearing strategy, among other places). I’ve heard about the guy holding his arm who said he couldn’t have shot Kennedy, and the bullet count theory, which claim a second gunman (neither adds up). But I’ve never heard this delightful piece of buffoonery from Rush Limbaugh shortly after the attempted assassination of Congresswoman Giffords:

Mr. Kennedy, your uncle was shot by a communist, Lee Harvey Oswold. Your other uncle, Robert Kennedy, was shot by a militant Islamist, Sirhan Sirhan. In neither case, were your uncle’s assassins related to Sarah Palin in any way.

Continue reading ‘Say what now?’

February 2013
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Per Argument Ad Astra

Politics, history, economics and rampant speculation from a victim of the Great Recession, currently at large in the West Midlands.

"When the regulation, therefore, is in favour of the workmen, it is always just and equitable; but it is sometimes otherwise when in favour of the masters."
                -- Adam Smith