Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
Sonic Charmer has found a humdinger to be filed away in the folder marked “For when lefties tell me to just shut up and listen to the economists.”
The key paragraphs:
A couple of hours after talking to an ABC correspondent about the woeful job numbers and what might be done to improve them, I was in the Bloomberg TV studios debating a guy from Heritage. He went on for several minutes about the damage being done by high taxes, excess regulation, business “uncertainty” about future tax hikes and regulatory burdens. I asked Bloomberg’s host whether he was aware that corporate profits relative to national income had just hit a 60-year peak? He had heard rumors to that effect. Was he aware that taxes on corporate earnings were at a 60-year low? The Heritage guy had heard that might be the case.
Then why was uncertainty about taxes and the future burden of the Affordable Care Act holding back business investment and hiring right now? If managers thought taxes or regulatory costs might go up in the future, wouldn’t it make sense to take advantage of today’s low taxes and lower burdens to invest and hire today? According to the “uncertainty” argument, businesses are fearful they might face high taxes and extra health costs in 2016 or 2018. Shouldn’t they expand hiring right now and scale back employment when they actually face higher costs (if they ever do)?
Nevermind the ramshackle structure of the flawed argument, just look at the point that is being made: “Darn that reality, it refuses to comport with my theories, how shall we punish it?” It is a classic example of Thing I Know #400.
Lately I’m noticing a prevalent and widespread sickness in which opinionated people conflate or confuse their preferences with regard to what should happen, with what might make sense. In other words, they cannot understand “surprise” events, or events contrary to their vision. They are often heard to protest that such a contraband event is senseless. They say this when in fact it is perfectly reasonable given the antecedent events related to it — what is senseless, is the failure to anticipate that it would happen.
Particularly applicable to the field of economics, which must be a study in the approximate prediction of human behavior — for, if it cannot be practiced to facilitate that, then it has no purpose whatsoever. So yeah, what are you guys studying, exactly? What are you smoking?
No, I don’t have an economics degree and I’m asking the question anyway. Find a way to deal.
As far as the argument itself, Sonic has already dissected it thereby dirtying his hands. No point to me jumping in & doing the same.
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