Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: George Osborne

The Biasing Effects of Personal Experience

One of the most common assumptions around is the notion that the only way to truly understand something is to be part of it. It is said that the best way to learn about life is to live it. This idea has tremendous influence–it causes method actors to attempt to directly experience what their characters experience, it causes people to go on trips or to do things purely for “the experience”, and most importantly, it has tremendous influence over how people think about politics, both for the left and for the right. The left scolds well-off politicians, who are assumed to have no conception of what it means to be poor and to suffer. The right scolds young people and ivory tower academics for not directly experiencing the welfare systems they praise, or the private systems they denigrate. There is a kernel of truth in both criticisms, but that’s about it.

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How Spending Cuts Make Debt Problems Worse

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.

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Back to Britain

Today I find myself preparing to board plane to resume my final undergraduate year at the University of Warwick in Britain. But what sort of country am I coming back to? Has Britain’s government managed to turn around the country’s economic situation, buoyed by the Olympics, or does Britain remain stuck in the doldrums? That is today’s topic.

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