By invoking the Defense Production Act, which “authorizes the President to require acceptance and priority performance of contracts or orders and to allocate materials, services, and facilities to promote the national defense or to maximize domestic energy supplies,” US president Donald Trump has declared himself America’s economic dictator.
Tag: reading
Do Intellectuals Make Life Any Better?
There’s a path my life could have taken – could still take – toward the life of an intellectual. I’ve just about always been interested in one or more of the favorite intellectual subjects of philosophy, history, politics, theology, economics, psychology, and sociology (whatever that is). I’ve always liked to have big opinions on things. And I’ve always preferred toying with ideas to toying with numbers or machines. But I’m beginning to think this is an aptitude worth resisting. It’s not obvious to me that intellectuals as such bring a whole lot of benefit to the world.
Reflections on the Leiter-Caplan Debate
It was a pleasure debating Brian Leiter last week. The resolution, to repeat: “Social democracy is preferable to market capitalism, but ultimately America will need to move towards a socialist system.” Here are some thoughts I failed to fully articulate at the live event. As always, I’m happy to publish any reply my opponent wishes to compose.
Twitter and the Real World
Something weird has happened on Twitter. It used to be that there were very unreasonable corners of Twitter, but the bulk of my feed was people poking fun at them for this. Now I’m hard pressed to find any reasonable quarters of Twitter at all. And anyone poking fun is in danger of some serious social censure. It’s disconcerting.
A Proposal for Real Coronavirus “Stimulus”
The Fed is returning to a policy of “Quantitative Easing” in response to the COVID-19 panic. The idea behind these moves is that throwing money at the banks and the government will “stimulate” the economy by keeping credit easy for consumers and business borrowers. I have a better idea.
Paul Krugman, COVID-19, and Broken Windows
The jury is still out on which of two things — COVID-19 or the panic over COVID-19 — will cost more lives and do more damage to the global economy. My money’s still on the latter. In the meantime, I’ve developed a surefire, Groundhog Day type test for whether the emergency is over: Watch for Nobel laureate economist and New York Times columnist Paul Krugman to start trying to convince us it was, all in all, actually a GOOD thing.
Freedom: Don’t Let Politicians Tell You to EARN IT
The Wile E. Coyotes of the Internet — US Senators Lindsey Graham (R-SC) and Richard Blumenthal (D-CT) — are sure that THIS time they’ve finally found a made-to-order tool that can take out the Roadrunn … er, those meddling ki … er, the First Amendment and Section 230 of the Communications Decency Act.
Happy National Tired and Grouchy Week
On Sunday, March 8, millions of Americans woke up an hour early, having set their clocks ahead by an hour the night before, and dug in for a week or so of bleary-eyed, irritable attempts to tweak their bodies’ natural sleeping and waking rhythms. This fatuous semi-annual “spring forward, fall back” ritual, called “Daylight Saving Time,” ranks high on my personal list of “dumbest ideas in the history of mankind.”
Coronavirus: Politically Created Panic is the Real Pandemic
Attention paid to, and resources thrown at, victims of the predictable annual flu epidemic will decrease in favor of the minor but newly lucrative COVID-19 nuisance.
Coronavirus and the World As You Know It
It’s a strange thing, knowing about the oncoming coronavirus. I realize it will infect a great many people. And I realize that it may make things like convenient grocery runs a thing of the past. I realize this bright beautiful place of commerce and civilization may be emptied, or may be shut down.