The IMF has a new paper out that confirms what I have long suspected–when a state with a depressed economy reduces spending, the spending cuts lead to sufficient contraction to result in the cancellation of savings for the state. How does it work? Let’s explore.
Continue reading “How Spending Cuts Make Debt Problems Worse”
Today I wish to take on subjectivism, the belief that truth is necessarily agent-relative or determined by one’s perspective or point of view, or that it is socially constructed and does not refer to any metaphysical external reality. In short, I will defend metaphysical (i.e. not Randian) objectivism, the belief that truth exists independently of one’s interpretation, perspective, society, et al, and that this truth can be discovered through science and logic.
As a utilitarian, whenever moral philosophy comes up, I always find myself having to answer some hypothetical designed to show how very clearly and obviously all morality cannot merely be about consequences by engaging some emotional, intuitive moral feeling meant to be common to all people. Too often, utilitarians accept this constant defensive position against all other values as their lot. Today I’d like to go on the offensive with a moral hypothetical of my own–the case of the worst of all possible universes.
So yesterday, Rand Paul decided to use a filibuster–an old school, talking filibuster, no less–to stall the approval of Barack Obama’s proposed CIA head, John Brennan. The reason for this is that Rand Paul disapproves of the administration’s use of drones, specifically the administration claim that it could, in a sufficiently dire situation, kill a citizen within the territory of the United States with one. I’ve wanted to do the drone post for a while, but I haven’t gotten around to it, so Rand Paul can consider himself to have inspired me in this one rather trivial respect. Continue reading “Begun, the Drone War Has”
The 14 year reign of Hugo Chávez as President of Venezeula has come to an end with his death at the age of 58. Chávez is a polarising figure; people in the developed world tend either to love him or hate him. There isn’t a lot of nuanced, considered judgement about Chávez on the internet. So today I aim to fill that gap in our collective literature. Let’s find out what, precisely Huge Chávez did for the Venezuelan state and its people, for good or for ill.
