Tuesday, February 22, 2011

The sad plight of Rick Santorum

Stephen Colbert points out that Rick Santorum is still being dogged by the Dan Savage designed affiliation of his last name, Santorum, with the frothy mixture of lube and feces created during anal sex. Now, whenever anyone googles santorum, that's what comes up. And just by posting about it and adding another link to that definition, i've contributed to the problem. poor guy.

Monday, October 25, 2010

All debtors are not created equal

Why should the government be spending more to fix the economy despite the increase in government debt? Paul Krugman explains it nicely. http://krugman.blogs.nytimes.com/2010/10/25/sam-janet-and-fiscal-policy/#more-13811

Tuesday, October 12, 2010

For my pot loving and/or nmeeding friends in Cali

http://motherjones.com/politics/2010/10/california-medical-marijuana-pot-card

I needn't have worried. Soon enough, I found Price-Less Evaluations, "the most trusted medical marijuana evaluation center in San Francisco," whose site features a photo of a model in a lab coat and a coupon for a "420 special" (good for a $20 discount on April 20, 2011). Many California pot doctors will ask patients to bring in medical records that prove that their problems are legit (though they don't always check them). But the woman who answered the Price-Less 24-hour info line assured me that despite my lack of documentation, "the doctor can just evaluate you, and he'll decide whether you qualify or not."
.,.....
The receptionist led me back into a hallway, where I saw a stooped, white-haired man in a rumpled pullover—the doctor. "Come on in," he mumbled. I stepped into an office and sat down at the edge of his desk. "So, can cannabis help you in some ways?" he asked, pen poised over a recommendation form. "I think so, yeah," I replied, trying to sound confident.
"So how does it help you?" he asked as the ink dried. "Well," I offered, "I have periodic pain from typing a lot, and in my lower back, and it could help me with that." He smiled. "Good. It's signed right there." The entire conversation had taken less than 90 seconds.

Thursday, October 7, 2010

out of laziness i steal content

From Krugman:
What’s striking about the you’re-so-ignorant critics, however, is their tendency to get all confused about very basic things – to insist that the savings-investment identity somehow implies that government spending can’t increase demand, that the Euler condition is somehow a causal relationship implying that low interest rates cause deflation, that Ricardian equivalence means that even a temporary rise in government spending will be fully offset by reduced consumption.

I believe that what we’re looking at is people who know their math, but don’t know what it means: they can grind through the equations of their models, but don’t have any feel for what the equations really imply.

http://krugman.blogs.nytimes.com/2010/10/04/math-models-and-mystification/

Wednesday, September 29, 2010

Tyler Cowen, another supply sider with tired talking points

So via Kevin Drum I saw this post by Chicago School economist Tyler Cowen:



Yet Keynesian theory has a no less serious problem, namely that workers take a "stupid voluntary vacation" during the downturn, due to their stubbornness on nominal wage cuts......Aggregate demand macroeconomics works in many cases and it almost always "works" (predicts well) when the macro forces are pointed toward destructive ends.  We are not sure why it works at all, or if it always works, and yet we see a great fervor of belief in it and a demonization of those who are skeptics.


Huh? I mean you could say we're not sure of all the detailed dynamics of why it works, or it may be an incomplete theory which doesn't encompass the complexities of real world economies. But my understanding is we're pretty sure of the generalities of why it works. There's a mismatch between demand for goods/services vs supply, with an excess of supply. Thus unemployment rises above the natural level, lowered consumer and business confidence etc. This can lead to a self-reinforcing cycle of less consumption, more savings, yet higher unemployment and possible deflation which further exacerbates the cycle. Some form of governmental stimulus to aggregate demand can help break this cycle and act as a counter cyclical force.

This model has fit quite well with real world data over many decades and several economic cycles. So there's a perfectly good model, it makes both mathematical and intuative sense AND it works (as Cowen says). But pointing this out to skeptics and saying their models don't seem to "work" is "demonization". I don't get it. And by the way, who exactly is doing this demonization?

And finally, I'd like to see the statistics for people taking "stupid voluntary vacations" and an explanation of what exactly he even means by that.  Currently I believe there's broad underemployment across all categories of jobs, so its not as if there's some huge pool of people refusing to work because the pay's too low.  Jobs aren't there because demand isn't there to justify hiring.  But apparently Cowen thinks this is all a problem of people being to stupid to work.  Good theory there.  We don't even need Keynes with that kind of genius explanation.

Wednesday, September 15, 2010

a video of me cooking and eating balut

which is a duck fetus egg.  

Wow, this chick is stupid

From an old episode of Politically Incorrect with the Tea Party senate candidate Christine ODonnell. (h/t Think Progress)

IZZARD: What if someone comes to you in the middle of the Second World War and says, ‘do you have any Jewish people in your house?’ and you do have them. That would be a lie. That would be disrespectful to Hitler.
O’DONNELL: I believe if I were in that situation, God would provide a way to do the right thing righteously. I believe that!
MAHER: God is not there. Hitler’s there and you’re there.
O’DONNELL: You never have to practice deception. God always provides a way out.

I think its interestng that she imagines god will save her from having to tell a lie, but somehow failed to save all the jews who actually got killed. Apparently the "way out" he provides is often death.