Fiscal Cliff Madness

Sneaking up on the US government, slowly but surely, is the fiscal cliff–the agreement congress made to cut spending across the board in many sensitive areas if a bipartisan deficit reduction plan could not be agreed to. This was a bad idea from the outset, but you wouldn’t know it from listening to the Democratic Party, and that’s both a problem, and the topic of today’s post.

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Stimulus vs. Austerity: USA

I keep seeing a certain political sentiment expressed. It goes a little something like this, from James Pethokoukis of the New York Post:

So what’s the problem with the Obama recovery? Why is it the weakest since the Great Depression?

Maybe it’s the Obama policies, like a stunning disregard for the trillion-dollar deficits that are likely already a dead weight on growth. Or maybe it’s the Obama guarantee of more tax hikes and regulation that makes US business too worried to hire and invest.

But it’s not too late to start shrinking unproductive government, cut debt and reduce penalties on work and investment — just like in those recoveries that we used to know.

Then there are the political cartoons, things like this:

Here’s the structure of the idea:

  • The economic recovery has been insufficiently strong
  • Therefore, we should do the opposite of what Obama has done
  • Ergo, vote Romney/Ryan 2012

The first point is correct, the other two points are simplistic and anti-intellectual, and I intend to illustrate both how and why.

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The Myth of Primal Individualism

There’s something that liberal theorists Thomas Hobbes, John Locke, and Jean-Jacques Rousseau all have in common–their theories about how societies should be organised or came to be organised are based on the notion that primal man was fiercely independent and had no social obligations, that he had to consciously decide, initially to exit this individualist state and choose to be part of a society or community. Today we know that early man was from the outset tribal–community was with us from the start. What implications does this have for these theorists? That is what I would like to discuss today.

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