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Economix - NoEnzLefttoSplit - Apr 8, 2020 - 4:13am
 
Lyrics that strike a chord today... - Proclivities - Apr 8, 2020 - 4:01am
 
John Prine - Paradise - Peabody Energy on verge of Ch... - Proclivities - Apr 8, 2020 - 3:51am
 
Strips, cartoons, illustrations - R_P - Apr 8, 2020 - 1:08am
 
Trump - R_P - Apr 8, 2020 - 12:01am
 
M.A.G.A. - R_P - Apr 7, 2020 - 11:46pm
 
YouTube: Music-Videos - R_P - Apr 7, 2020 - 10:53pm
 
COVID-19 - R_P - Apr 7, 2020 - 10:19pm
 
The Obituary Page - Red_Dragon - Apr 7, 2020 - 7:34pm
 
Trump Lies - R_P - Apr 7, 2020 - 6:02pm
 
How are you coping/dealing with the crisis? - kurtster - Apr 7, 2020 - 3:58pm
 
Amazing animals! - kcar - Apr 7, 2020 - 3:30pm
 
Radio Paradise Comments - jahgirl8 - Apr 7, 2020 - 3:08pm
 
What Makes You Laugh? - kcar - Apr 7, 2020 - 3:02pm
 
The Moon - Antigone - Apr 7, 2020 - 2:30pm
 
What Did You Do Today? - Steely_D - Apr 7, 2020 - 1:56pm
 
Counting with Pictures - jahgirl8 - Apr 7, 2020 - 12:31pm
 
NASA & other news from space - miamizsun - Apr 7, 2020 - 8:44am
 
Baseball, anyone? - Red_Dragon - Apr 7, 2020 - 8:02am
 
Bad News / Good News - miamizsun - Apr 7, 2020 - 6:44am
 
Radiohead - miamizsun - Apr 7, 2020 - 6:37am
 
Chicken your way - jahgirl8 - Apr 6, 2020 - 9:32pm
 
Pernicious Pious Proclivities Particularized Prodigiously - ScottN - Apr 6, 2020 - 8:33pm
 
Things You Thought Today - jahgirl8 - Apr 6, 2020 - 7:00pm
 
Favorite Scriptures...Leave Pontificating at the Door - jahgirl8 - Apr 6, 2020 - 6:29pm
 
Let Him Swing? - jahgirl8 - Apr 6, 2020 - 5:14pm
 
Urban Chickens - jahgirl8 - Apr 6, 2020 - 5:04pm
 
Fake News*  ?  ! - kcar - Apr 6, 2020 - 4:33pm
 
Questions. - jahgirl8 - Apr 6, 2020 - 4:00pm
 
• • • The Once-a-Day • • •  - oldviolin - Apr 6, 2020 - 3:13pm
 
Way Cool Video - miamizsun - Apr 6, 2020 - 9:40am
 
Surfing! - miamizsun - Apr 6, 2020 - 9:34am
 
Photography Forum - Your Own Photos - Blackbirds - Apr 6, 2020 - 3:07am
 
Australia - R_P - Apr 5, 2020 - 8:28pm
 
Canada - R_P - Apr 5, 2020 - 6:00pm
 
• • • BRING OUT YOUR DEAD • • •  - oldviolin - Apr 5, 2020 - 5:09pm
 
Windows app: how to change stream/channel? - BillG - Apr 5, 2020 - 3:33pm
 
Bob Dylan - Steely_D - Apr 5, 2020 - 2:11pm
 
Poetry Forum - ScottN - Apr 5, 2020 - 12:04pm
 
what the hell, miamizsun? - miamizsun - Apr 5, 2020 - 8:25am
 
April Fool's Day - haresfur - Apr 4, 2020 - 7:46pm
 
Vinyl Only Spin List - kurtster - Apr 4, 2020 - 7:00pm
 
What can you hear right now? - haresfur - Apr 4, 2020 - 4:35pm
 
Name My Band - haresfur - Apr 4, 2020 - 4:34pm
 
Amazon Prime Members - Free Streaming of Selected Movies ... - Isabeau - Apr 4, 2020 - 3:42pm
 
Embedding Tweets - miamizsun - Apr 4, 2020 - 12:22pm
 
kurtster's quiet vinyl - kurtster - Apr 4, 2020 - 11:53am
 
Today in History - hayduke2 - Apr 4, 2020 - 8:00am
 
The war on funk is over! - R_P - Apr 4, 2020 - 12:27am
 
Earthquake in So. Cal - kurtster - Apr 3, 2020 - 10:09pm
 
RightWingNutZ - Coaxial - Apr 3, 2020 - 8:52pm
 
Apropos of Nothing - miamizsun - Apr 3, 2020 - 8:44pm
 
Republican Party - KarmaKarma - Apr 3, 2020 - 8:07pm
 
Country Up The Bumpkin - Coaxial - Apr 3, 2020 - 7:10pm
 
What Are You Grateful For? - jahgirl8 - Apr 3, 2020 - 6:42pm
 
Photos you have taken of yourself - jahgirl8 - Apr 3, 2020 - 6:33pm
 
Fox Spews - R_P - Apr 3, 2020 - 6:09pm
 
How you coping/dealing with the crisis? - Red_Dragon - Apr 3, 2020 - 2:56pm
 
Thanks to BillG & Rebecca! - KTlistening - Apr 3, 2020 - 2:34pm
 
♥ ♥ ♥ Vote For Pie ♥ ♥ ♥ - ScottFromWyoming - Apr 3, 2020 - 1:35pm
 
Things that are just WRONG - Isabeau - Apr 3, 2020 - 1:24pm
 
Graphs, Charts & Maps - NoEnzLefttoSplit - Apr 3, 2020 - 10:07am
 
R.I.P. Bill Withers - westslope - Apr 3, 2020 - 9:54am
 
Art Show - Proclivities - Apr 3, 2020 - 5:20am
 
Derplahoma Questions and Points of Interest - sunybuny - Apr 3, 2020 - 5:12am
 
The alternate universe - BlueHeronDruid - Apr 3, 2020 - 12:26am
 
New Zealand - NoEnzLefttoSplit - Apr 2, 2020 - 11:55pm
 
Last gas price paid? - ScottFromWyoming - Apr 2, 2020 - 10:08pm
 
Cryptic Posts - Leave Them Guessing - oldviolin - Apr 2, 2020 - 9:15pm
 
Rhetorical questions - kurtster - Apr 2, 2020 - 8:38pm
 
Flower Pictures - Antigone - Apr 2, 2020 - 5:54pm
 
What Are You Going To Do Today? - BlueHeronDruid - Apr 2, 2020 - 4:46pm
 
songs that ROCK! - rhahl - Apr 2, 2020 - 4:20pm
 
More reggae, less Marley please - rhahl - Apr 2, 2020 - 4:03pm
 
Favorite Quotes - jahgirl8 - Apr 2, 2020 - 3:27pm
 
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Post to this Topic
haresfur

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Location: The Golden Triangle
Gender: Male


Posted: Mar 20, 2020 - 7:05pm



 Isabeau wrote:


 R_P wrote:
 
 It's an 'economy saving rescue' for corporations and airlines, but its 'socialism' when its for the people.  Same actions, different labels.  The dissonance is staggering.

 

Not like we don't know from the 1930s what works and what doesn't. Support for the poor, and government spending on infrastructure and employment work.
R_P

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Posted: Mar 20, 2020 - 5:36pm


Isabeau

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Location: sou' tex
Gender: Female


Posted: Mar 13, 2020 - 1:14pm



 R_P wrote:
 
 It's an 'economy saving rescue' for corporations and airlines, but its 'socialism' when its for the people.  Same actions, different labels.  The dissonance is staggering.

R_P

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Posted: Mar 13, 2020 - 12:37pm

Why you can't have nice things...
Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets
R_P

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Posted: Mar 12, 2020 - 4:33pm

The Fed, the Virus, and Inequality

R_P

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Posted: Mar 6, 2020 - 10:01am

Coronavirus Matters, the Stock Market Doesn’t, and Thinking It Does May Literally Kill Us
Isabeau

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Location: sou' tex
Gender: Female


Posted: Mar 6, 2020 - 9:36am



 R_P wrote:
 


Maybe its just me, but manipulating production to control price (i.e.: oil) the antithesis of 'Free Market Capitalism?'
And Wall Street's already a beggin for another tax cut, credits and subsidies.
Airlines may be up for a bail out, too.

Why is it Socialism using taxpayer monies to benefit every day Americans, but called 'Bailout' when rescuing Corporate Profits?

Isabeau

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Location: sou' tex
Gender: Female


Posted: Mar 6, 2020 - 9:26am



 black321 wrote:
Slight clarification over China's role in US drugs. We source many raw ingredients from china. Still many drugs are manufactured abroad, often in Europe or Japan. 
 

True. In addition to a materials chain, a large proportion of antibiotics are produced there.
(edited my previous post )
R_P

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Posted: Mar 6, 2020 - 9:14am

I guess Bernie's winning again... 
black321

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Location: An earth without maps
Gender: Male


Posted: Mar 6, 2020 - 8:12am

Slight clarification over China's role in US drugs. We source many raw ingredients from china. Still many drugs are manufactured abroad, often in Europe or Japan. 
Isabeau

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Location: sou' tex
Gender: Female


Posted: Mar 6, 2020 - 8:08am



 kurtster wrote:
 
Agreed, this did NOT happen overnight with Trump's tenure. What I find is the 'show' of a China Fight — when so many Borderless Multi-National companies with no loyalty have moved production there in droves for the last 25 years — the height of hypocrisy.
Especially when the 'American ones' received a massive Tax Cuts on their profits. 
Wouldn't that put a huge chunk of the Republican Agenda against your views?

kurtster

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Location: drifting
Gender: Male


Posted: Mar 5, 2020 - 6:14pm

 Isabeau wrote:


 kurtster wrote:

I see the latest swings in the Dow more related to the rise and fall of Bernie's political fortunes.  Bernie looks good, the market goes down and vice versa. 

       . . . .

If nothing else, Covid19 has shown the world how bad for civilization China is in its present form.  It makes everything for everyone and is also the place where all these destructive new viruses come from.  To be so dependent on the one place most likely to be the source of what will kill you is both dangerous and foolish.  They get in trouble and keep the stuff for their own needs that is supposed to go to other countries.  So much for globalization ... the weakest link and all that ...


ymmv ...
 
But Trump has his products made in China.
80% of our drugs are produced in China.
.... along with major Appliances, Sneakers, Toys, Clothing and other items.

 Are you suggesting that American Corporations and Companies Borderless Multi-National Corporations with no sense of loyalty or propriety, their behaviors, business acumen and policies are, dare I say it, "Flawed?" 

Trump's bluster with China was all show, when behind the scenes American Businesses were seduced by low labor costs and little to no environmental regulation, and literally ignored his 'policy attitude.'

Selective Outrage. It's what's for dinner.

 
Edited your remarks ...

Yeah, and it all happened overnight during Trump's tenure ...

I'm well aware of who's making our drugs and for a long time.  11 years ago during my transplant there was a big deal over the tainted Chinese version of heparin.  I had an episode where I was in positive pressured iso getting heparin pumped into me 24 hours a day for 5 or 6 days because some ER nurse fucked up my port and gave me a blood clot.  I straight out asked if the heparin I was receiving was from China.  It wasn't.  I never saw a bill for that incarceration either and I didn't sue them.

And this just after all of the poisonous dog and cat food they sold us and oh yeah, all that toxic drywall, too. Oh, and all of the lead in the toys for our children ... Some of us have very short memories.

China is not our friend.  Not in any way, shape or form.  Trump's turn against China was most fortuitous as we have a couple of years head start now in moving away from being dependent on them for too many critical things.  Imagine if we just now started to cut our dependency on them.  The glass is half full. Things would be much grimmer than they are.
Isabeau

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Location: sou' tex
Gender: Female


Posted: Mar 5, 2020 - 5:47pm



 kurtster wrote:

I see the latest swings in the Dow more related to the rise and fall of Bernie's political fortunes.  Bernie looks good, the market goes down and vice versa. 

       . . . .

If nothing else, Covid19 has shown the world how bad for civilization China is in its present form.  It makes everything for everyone and is also the place where all these destructive new viruses come from.  To be so dependent on the one place most likely to be the source of what will kill you is both dangerous and foolish.  They get in trouble and keep the stuff for their own needs that is supposed to go to other countries.  So much for globalization ... the weakest link and all that ...


ymmv ...
 
But Trump has his products made in China.
80% of our drugs are produced in China   
 Over 20% of commonly used antibiotics are made in China; roughly 70% of other drugs need raw materials from China.
(edit 3/6/20)
.... along with major Appliances, Sneakers, Toys, Clothing and other items.

 Are you suggesting that American Corporations and Companies, their behaviors, business acumen and policies are, dare I say it, "Flawed?" 

Trump's bluster with China was all show, when behind the scenes American Businesses were seduced by low labor costs and little to no environmental regulation, and literally ignored his 'policy attitude.'

Selective Outrage. It's what's for dinner.



R_P

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Posted: Mar 5, 2020 - 4:34pm

 kurtster wrote:
I see the latest swings in the Dow more related to the rise and fall of Bernie's political fortunes. (...)

If nothing else, Covid19 has shown the world how bad for civilization China is in its present form. (...)
 
Of course you do. But that doesn't appear to be a mainstream view.

Straight out of Bannon's playbook. The Yellow Peril and all that...
kurtster

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Location: drifting
Gender: Male


Posted: Mar 5, 2020 - 3:47pm

 R_P wrote: 
I see the latest swings in the Dow more related to the rise and fall of Bernie's political fortunes.  Bernie looks good, the market goes down and vice versa.  The market likes Biden and fears Bernie.  The last big rise was with Biden's Super Tuesday flourish.  As soon as Warren said she is done, making it a two man race with Bernie back on better footing, it dropped like a led zeppelin.  Expect lot's o volatility until it is clear who will be the nominee.  If it's Biden the market will stabilize and drift up.  Bernie, the downward spiral ... until the election.

Watch the foreign markets for a closer reaction more related to the Covid19, especially the emerging markets.  Supply chains are disrupted and changing.  The ones that can ramp up new production capabilities the fastest outside of China will be the most rewarded.  In the USA, all the more reason to get back to making our own stuff, regardless of the cost.  The new costs will just have be digested and dealt with.

If nothing else, Covid19 has shown the world how bad for civilization China is in its present form.  It makes everything for everyone and is also the place where all these destructive new viruses come from.  To be so dependent on the one place most likely to be the source of what will kill you is both dangerous and foolish.  They get in trouble and keep the stuff for their own needs that is supposed to go to other countries.  So much for globalization ... the weakest link and all that ...

ymmv ...
R_P

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Posted: Mar 5, 2020 - 12:23pm

Markets are sliding again as more coronavirus cases are reported.
R_P

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Posted: Feb 29, 2020 - 11:50am

Coronavirus Tests Limits of Central Bank Firepower
R_P

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Posted: Feb 6, 2020 - 2:35pm

 R_P wrote:
 westslope wrote:
=> drug-addled Americans are dying from 'legally available drugs'.

=>  the same factors driving white middle-aged Americans to die earlier could be symptoms of the underlying problems that have driven so many Americans to vote for and continue to support Donald J. Trump.
"We need to think hard about controlling the prescriptions of opioid painkillers. The Federal Drug Administration recently approved Oxycontin for kids," Deaton said. "While some kids are in awful, terminal pain, and can clearly benefit from it, the scope for abuse is there, especially if pharmaceutical companies misbehave, as they have done in the past. But if what is happening is an epidemic of despair, that people on the bottom of the economic heap are being increasingly left out as inequality expands, then what we are seeing is just one more terrible consequence of slow growth and growing inequality."

Good news, it's all better now! So let's worsen it.

Trump Claims Credit for Life Expectancy Rise, Introduces Medicaid Cutback

Life expectancy in Mississippi (the worst) is probably still the same as in Bangladesh.
Lazy8

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Location: The Gallatin Valley of Montana
Gender: Male


Posted: Feb 2, 2020 - 9:07pm

westslope wrote:
Two blog posts on libertarianism.

What libertarianism has become and will become — State Capacity Libertarianism

by Tyler Cowen January 1, 2020

(Adjective) Libertarianism - John H. Cochrane  

Two comments.   Anthropogenic climate change and still deadly air quality are both prime examples of social dilemmas where essentially individual incentives lead to poor social outcomes.  Some social dilemmas can be addressed via privatization and others cannot.  Self-styled libertarians do not tend to fair well in this area.  

Both Tyler Cowen and John Cochrane can occasionally exhibit 'us versus them' type thinking in their policy analysis.    Listen guys, if you believe that racial, ethnic or other sectarian exceptions should be made to a rule of strong economic property rights, then please, come out and say so.  

Otherwise, it is sad to think that libertarian and pro-market pundits are supporting a US military budget that would make Neo-Marxists in the Baran and Sweezy tradition proud.  

Peace and good fortune in 2020.

Tyler Cowan is an excellent economist and normally fairly careful with terms, so I was a bit dismayed by his convolving Capitol-L Libertarianism (within the movement denoting members of the Libertarian political party) with the broader libertarian movement. They aren't equivalent, tho this may just be sloppy editing. It wasn't immediately clear whether he was expecting the LP to come up with a solution to global warming (ok, a fair question, sort of) or the broader philosophical movement to do so. It seems like the latter, but that's not what political philosophies are for.

Political philosophies can, at best, create a moral and political framework where people solve problems. Even political parties can't address problems at every microscopic level. Does Elizabeth Warren ("I have a plan for everything!") or Bernie Sanders ("Whatever you want, it'll be free!") have a plan to jump start your car or take your cat to the vet?

(OK, Bernie might promise you free health car for your cat. Maybe that includes housecalls. Whatever, once famine sets in you'll have to eat the cat anyway.)

What's Marxism's solution to global warming? How about Stoicism? Optimism?

Embedded in the demand that a political philosophy solve an ecological problem is the assumption that the only way to solve such a problem is with government action. Let's pose another problem to put this in context: hunger. How will libertarianism produce enough food to feed humanity? What does the libertarian Ministry of Food do?

Well, nothing. The libertarian solution to food production is to stay out of the way of people who grow food, process it, and deliver it to the hungry. Every government intervention into that process makes it worse at alleviating hunger (i.e. fewer people can afford food).  The more authority government has over the process the harder it is to feed yourself.

These are not identical problems; in the case of climate change the problem to solve is caused by the externalities of solutions to other problems. That still doesn't make government action the only (or even best, or even an effective) solution. China has an authoritarian government with all the power any fan of government intervention could dream of. Here's a graph of world greenhouse emissions. Note China's contribution.

Note also the US contribution: it's declining. Without enforcing treaties, without banning things. Mostly because we replaced a lot of coal with natural gas, which was made cheaper by fracking. Did government have anything to do with this? Yes, by not succumbing to the moral panic over fracking, by not reacting to one leaking offshore drilling rig by shutting down all the non-leaking offshore drilling rigs. Government contributed to solving this problem by not intervening.

Make the problem visible, sure. Do basic research into the science that might one day solve the problem. But even these tasks aren't something uniquely suited to government: the current executive branch of the US government denies that there is such a thing as anthropomorphic climate change, refuses to publish research on it, and has as a stated policy to revive the coal industry. People still know about the problem and are trying to solve it-and they are.

Climate change is just one example of the kind of problem Cowan is talking about, but it's an illustrative example and I don't have time tonight to address each one. It's taken me the better part of a month to reply to this post! Sorry about that.
R_P

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Posted: Feb 2, 2020 - 10:00am

In the video, Dokoupil asks passers-by to divvy a pie sliced into ten pieces onto plates for quintiles of the U.S. based on income, top 20%, next 20%, etc. Even the most cynical participant didn't come close to the real amount—nine pieces for the top 20% of Americans and the bill for the lowest 20%.

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