"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister

"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."

- Daenerys Targaryen

"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"

- Tyrion Lannister

"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."

- Jorah Mormont

"These bad people are what I'm good at. Out talking them. Out thinking them."

- Tyrion Lannister

"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."

- Michael Barone

"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker

Sunday, May 20, 2018

the religious and the rich

Marx on the opiate of the masses was more complex and sympathetic than the New Atheists or their reputation anyways:
Religious suffering is, at one and the same time, the expression of real suffering and a protest against real suffering. Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people.
Should religion be taxed away? Should the rich? I've had social media discussions with ardent MMTers and they believe JG will somehow be a better vehicle than a UBI against the rich and against capitalist logic.

John Quiggin says of MMT: 
Unfortunately #MMT is a restatement of standard Keynesianism that readily morphs into pernicious nonsense - no need to tax the rich, just run whatever deficit you feel like. In my experience, "no need to tax the rich" is the big selling point.
The JG advocates go on about how everyone needs to chip in and produce and do "socially necessary" labor.

I lean more towards Keynes who did advocate euthanizing the rentier but also allowed for people to save up money and be competitive over accumulation:
Moreover, dangerous human proclivities can be canalised into comparatively harmless channels by the existence of opportunities for money-making and private wealth, which, if they cannot be satisfied in this way, may find their outlet in cruelty, the reckless pursuit of personal power and authority, and other forms of self-aggrandisement. It is better that a man should tyrannise over his bank balance than over his fellow-citizens; and whilst the former is sometimes denounced as being but a means to the latter, sometimes at least it is an alternative. But it is not necessary for the stimulation of these activities and the satisfaction of these proclivities that the game should be played for such high stakes as at present. Much lower stakes will serve the purpose equally well, as soon as the players are accustomed to them....

Saturday, May 19, 2018

Ice Cube - You Can Do It

JG and UBI

PUBLIC SERVICE: EMPLOYMENT:A PATH TO FULLEMPLOYMENT by L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva, and Stephanie A. Kelton  (April 2018)

Why We Need a Federal Job Guarantee by Mark Paul, William Darity Jr and Darrick Hamilton

certain arguments against UBI can be used against baby bonds and against JG


The Job Guarantee Controversy by Timothy Taylor

Baby bonds


Some thoughts about the Job Guarantee by Simon Wren-Lewis (2017)

The Long, Tortured History of the Job Guarantee By PETER-CHRISTIAN AIGNER and MICHAEL BRENES

Hyman Minsky’s Views on the “Welfare Mess” by Matt Bruenig

Workfare Means New Mass Peonage by Frances Fox Piven and Barbara Ehrenreich (1987)

The Job Guarantee Is Not a Human Capital Program by Max Sawicky

Posts in Three Lines (see comments too) by J.W. Mason
My impression of job guarantee advocates, which I am afraid you are not doing much to dispel, is that they are not willing to admit that their preferred approach ahas any drawbacks, or that any alternatives have any merits.
A Promise So Big, Democrats Aren’t Sure How to Keep It: Progressives are lining up behind a jobs guarantee—but leaving the details for later. by Anne Lowrey

Everyone Can Have Their Own Job Guarantee by Matt Bruenig

Bernie Gets Socialistic by Max Sawicky

The Job Guarantee and the Wilted Liberal Imagination by Jack Meserve

Job Guarantees, Collective Bargaining and the Right to Strike by Sandwichman

Smile by Steve Randy Waldman

A Plan To Win The Socialism Sweden Nearly Achieved by Peter Gowan

We Work by James K. Galbraith

Dems’ Job Guarantee Isn’t Nearly as Easy as It Sounds by Dean Baker

Larry Mishel disputes costs. 

Commenter says will get rid of welfare costs

How the Democrats' big jobs idea could upend the Fed by Jeff Spross

Only 1 in 3 Americans Work Full Time by Matt Bruenig

The whole world was watching – we could have done something special': What Finnish experts say about the country's controversial basic-income experiment by Karin Olli-Nilsson

How much would a job guarantee actually cost? by Jeff Spross


basic income and public job offer: complimentary policies by Fitzroy and Jin

Debate: Is This the Time for a Federal Jobs Program? by Conor Sen and Noah Smith

Need Work? Maybe That's a Job for Government by Noah Smith

The Case for a Federal Jobs Guarantee by Erik Loomis

Two Big Questions About the Job Guarantee: God, Devil, and the Details by Steve Roth

To fix the economy, let's print money and mail it to everyone by Dylan Matthews

4 big questions about job guarantees by Dylan Matthews

Why politicians should promise every American a job by Matt Yglesias

World Bank on Jefes de Hogar (Heads of Household)


Guest Post: Max Sawicky on the Liberal Case Against a Universal Basic Income by Sawicky

Basic Income: And How We Can Make It Happen, by Guy Standing

The jobs guarantee and human-capital “nationalisation” by Alexandra Scaggs

Finland’s Basic Income Test Wasn’t Ambitious Enough By Leonid Bershidsky

GMI + JG = paid work as a choice for all by John Quiggin

The Call for Jobs for All by Matthew Klein

How do our job creation recommendations stack up against a job guarantee? by Josh Bivens

Why the Cause of Full Employment Is Back from the Dead by Harold Meyerson

Yes, The Jobs Guarantee Is Absurd by Adam Ozimek

Shame and platforms

Image result for game of thrones shame gif

Josh Denny who has a Food Network show "Ginormous Eats" has been tweeting some racist stuff.

Is it okay to tweet at Food Network and try to get him fired? What if it was sexist stuff? Homophobic stuff? Where do you draw the line?

I don't think it's a good idea to try to get people fired b/c if the world lives by eye-for-eye then everyone is blind. I don't think it's worthwhile to doxx pathetic, poor alt right Nazis from their job at the hot dog stand. Yes call them out and fight them.

But there are stories of ex-Nazis "deprogramming" other poor Nazis like from a cult or from a gang. I'm not talking about the suburban Nazis, but the more working class, poor ones. Give them something else to live for, don't just write them off.

But people higher up the scale like the racist lawyer in NYC and Denny? I'm starting to think it's okay. Trump has made it more permissible for these people to speak out and spread their hate. It's worthwhile to push back and don't let them build momentum especially via platforms. I'm very pro-Antifa.

But still I think the focus on getting people fired is overdone, like who cares if Joy Reid or Neera Tanden is fired? They'll just be replaced. It's funny to point out their faux pas and hypocrisies.

The focus should be on what sort of platform they have and how much power.

Better to try to convert people rather than shame them as Briahna Joy Gray and Steve Randy Waldman emphasize within the context of Trump voters and deplorables. Paul Krugman has finally admitted that the rise in populism in Europe can have something to do with economic anxiety rather than just being a matter of racist deplorables.

This means - as some European researchers sugget:
The policy implication and take-home message that stems from our results is clear: if one wants to defeat populism, one must defeat first economic insecurity.
Chris Dillow is also very good on this.

(not the clearest blog, maybe contradictory, but I'm working out my ideas on this. It's difficult to generalize. Better to punch up than punch down. Better to try to make allies than enemies. Cut people some slack and be generous even if they aren't with you.)

populism backlash in Europe

The populism backlash: An economically driven backlash

The cultural backlash against globalisation, traditional politics and institutions, immigration, and automation cannot be an exogenous occurrence, it is driven by economic woes. In fact, as we show, in regions where globalisation was present but have benefited economically there is no such cultural backlash at all and the populist message has retreated. The policy implication and take-home message that stems from our results is clear: if one wants to defeat populism, one must defeat first economic insecurity. 
Can consensus towards populist forces persist even after economic insecurity has been reabsorbed? This is the key question today. While the documented culture backlash cannot be the root cause of populist success as it is itself borne out of economic insecurity, it may play a crucial role looking forward. If the new identity politics succeeds in reshaping peoples' beliefs and attitudes, sentiments can acquire an autonomous role and may continue to exert an effect even when their economic cause is gone.

Friday, May 18, 2018

Krugman on economic anxiety and populism


In Italy, it really is economic anxiety driving populism

6:43 AM - 18 May 2018

Wednesday, May 16, 2018

Tuesday, May 01, 2018