May 052015
 
     Paul Krugman’s May 1 column in the New York Times states the devastatingly obvious: Ideology and Integrity. This from the Krugman’s May 1 article, link above. “No, what you should really look for, in a world that keeps throwing nasty surprises at us, is intellectual integrity: the willingness to face facts even if they’re at odds with one’s preconceptions, the willingness to admit mistakes and change course. And that’s a virtue in very short supply.” “   It’s obvious that Paul Krugman has been paying attention to what’s been going on in the world over the past few years, and is increasingly dismayed by the inability of political leaders to learn anything, admit mistakes, or be called on that by the press. He had a long piece in The Guardian recently: The Austerity Delusion – The Case for Cuts Was a Lie; Why Does Britain Still Believe It? It’s a fascinating article with a lot of relevance to the U.S.” Hats off to the Daily Kos.  Read full article. The Guardian recently: The Austerity Delusion – The Case for Cuts Was a Lie; Why Does Britain Still Believe It? It’s a fascinating article with a lot of relevance to the U.S. Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Mar 232015
 
Trillion Dollar Fraudsters       One of the reasons Paul Krugman is routinely marginalized by those with the power to do so is that he has a bad (for them) habit of putting into words what ‘polite’ people do not want to trouble their beautiful minds with, such as the monstrous con-job the current GOP budget is. When Krugman calls them Trillion Dollar Fraudsters, he’s being restrained, if anything. What he’s pointing out should be front page news and the lead story on the CABLE NEWS show.   By now it’s a Republican Party tradition: Every year the party produces a budget that allegedly slashes deficits, but which turns out to contain a trillion-dollar “magic asterisk” — a line that promises huge spending cuts and/or revenue increases, but without explaining where the money is supposed to come from. But the just-released budgets from the House and Senate majorities break new ground. Each contains not one but two trillion-dollar magic asterisks: one on spending, one on revenue. And that’s actually an understatement. If either budget were to become law, it would leave the federal government several trillion dollars deeper in debt than claimed, and that’s just in the first decade.   Read full original article at this address http://www.nytimes.com/2015/03/20/opinion/paul-krugman-trillion-dollar-fraudsters.html Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Mar 192015
 
The Net Neutrality Scam FEBRUARY 26, 2015 Ryan McMaken Original: http://mises.org/library/net-neutrality-scam The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. TAGS Big Government,nterventionism Yet again, the government wants to fix a problem that doesn’t exist. According to the Obama administration and the FCC, it is necessary to regulate internet service providers so that they don’t interfere with people’s access to the web. The claim immediately prompts one to ask: Who is being denied access to the web? In the past twenty years, access to the Internet has only become more widespread and service today is far faster for many people — including “ordinary” people — than it was twenty years ago, or even ten years ago. Today, broadband in Europe, where the Internet is more tightly regulated, has less reach than it has in the United States. The administration’s plan is rather innocuously called “net neutrality,” but in fact it has nothing at all to do with neutrality and is just a scheme to vastly increase the federal government’s control over the Internet. What is Net Neutrality? We don’t know the details of the plan because the FCC refuses to let the taxpayers see the 300-page proposal before the FCC votes on it today. But, we do know a few things. Currently, ISPs are regulated by the FCC, but as an “information service” under the less restrictive rules of so-called Title I. But now, the FCC wants to regulate ISPs as utilities under the far more restrictive Title II restrictions. For a clue as to how cutting edge this idea is, remember this switch to Title II regulation would put ISPs into the same regulatory regime as Ma Bell under the Communications Act of 1934. So what does this mean for the FCC in practice? According to FCC Commissioner Ajit Pai, “It gives the FCC the power to micromanage virtually every aspect of how the Internet works.” More specifically, Gordon Crovitz at the Wall Street Journal writes: [With Net Neutrality,] bureaucrats can review the fairness of Google’s search results, Facebook’s news feeds and news sites’ links to one another and to advertisers. BlackBerry is already lobbying the FCC to force Apple and Netflix to offer apps for BlackBerry’s unpopular phones. Bureaucrats will oversee peering, content-delivery networks and other parts of the interconnected network that enables everything from (more…)