Monthly Archives: July 2012

If this is the Left we got, we don’t need a Right

Recently I claimed that the only ones that don’t parrot the neo-liberal nonsense in Germany were the neo-nazis: The more I read…, and I wanted to elaborate on this a bit. The conservatives are so focused on the austerity gospel … Continue reading

Posted in austerity, deficit spending, economic policy, eurocrisis, neo-liberalism, public debt, standards of living | Leave a comment

And now for the pro-circumcision push-back

Nothing worthwhile comes easy, of course and the religious crowd arguing for the sanctity of religiously motivated circumcision of children won’t go down without a fight. And as was to be expected, instead of using rational arguments and empirical data, … Continue reading

Posted in belief systems, developed countries, health care, health care policy, religion, science-based policy, secularism | Leave a comment

Circumcising children for non-medical reasons is wrong

Spiegel Online – Circumcision without medical justification is wrong: After birth, the foreskin protects the head of the penis (the glans) and prevents the external urethral orifice from abrasion and drying out. Following circumcision, the surface of the glans regularly … Continue reading

Posted in health care, health care policy, religion | Leave a comment

My problem is not with the Olympic idea but the Olympic reality

This is exactly the problem: I have no problem at all with the idea of international sport – and if David Rudisha breaks the world record in the men’s 800 metres final, as I hope he will, I will be … Continue reading

Posted in drug prohibition, media, professional sports, science-based policy | Leave a comment

The more I read, the more I discover (or: our political and economic decision makers are either incompetent or malicious)

The name Godley had appeared in the title of an RWER post I linked to (The Premonitory Five) but I hadn’t had read anything he wrote at that point (a few days ago ;)). Well, today I have. First, there’s … Continue reading

Posted in deficit spending, economic policy, eurocrisis, public debt | Leave a comment

Originally posted on Real-World Economics Review Blog:
from Peter Radford Amidst all the gloom and doom in Europe it may have escaped your attention that the US can now borrow money at less than zero percent. Adjusted for inflation. Yes,…

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Why it’s unlikely that we’ll arrest global warming soon (or at all)

The argumentation is simple yet convincing (Rolling Stone — Global Warming’s Terrifying New Math): All told, 167 countries responsible for more than 87 percent of the world’s carbon emissions have signed on to the Copenhagen Accord, endorsing the two-degree target. … Continue reading

Posted in anthropogenic climate change, economic policy, science, science-based policy | 1 Comment

Supporting the Oligarchy — The Dark Knight Rises

I have to admit that I probably won’t go and see the new Batman movie. Inception was a severe turn-off for me and so far I haven’t really read anything that makes me believe I wouldn’t come down on the … Continue reading

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The current crisis was caused by PRIVATE debt, not by public debt

Both the crisis and the apparent boom before it were caused by the change in private debt. Rising aggregate private debt adds to demand, and falling debt subtracts from it. This point is vehemently denied on conventional theoretical grounds by … Continue reading

Posted in debt, private debt, standards of living, wealth distribution | Leave a comment

Job Creators of 1955

Paul Krugman has a new entry up on the New York Times website, pointing out that after WW2 executive compensation and luxury was much more restrained than nowadays: “The large yacht has also foundered in the sea of progressive taxation. … Continue reading

Posted in developed countries, economic policy, wealth distribution | Leave a comment