A few days ago, I wrote a post called Britain: For the Love of God, Please Stop David Cameron. I didn’t expect much out of it, because my usual audience is predominately American, and many Americans take little interest in the British elections. So I was pleasantly surprised when it went semi-viral in the UK, quickly becoming the most popular post I have written. Naturally, with a larger audience comes more critical (and sometimes just aggressively hostile) comments, and my usual policy of responding to every critical or interesting comment I receive is increasingly no longer practical. So instead, I’ve decided to write this all-purpose response to the most common bad critiques I’ve seen levied at my post. If you’re one of the wonderful people who read my post and deemed it worth sharing, I hope that this post will help you deal with any Tory supporters you may run across who may try to give you grief about it. So let’s get started.
Tag: Inflation
Why You Should Get a Raise
Since the global economic crisis of 2008, many of the world’s advanced economies continue to struggle to recover. In many of these countries, growth since the crisis has been much slower than it was in the years prior. Indeed, when we look closely, we see that the 2004-2007 growth average is higher than the 2010-2013 average in just about all the major advanced economies, and that in some countries this difference is very large:
What’s holding back recovery? To understand this, we need to understand what kind of economic crisis we’re trying to recover from in the first place. Continue reading “Why You Should Get a Raise”
Cuba: Why Obama Made the Right Call
US President Barack Obama has decided to normalize relations with Cuba. Since 1960, the United States has attempted to isolate, weaken, and ultimately destroy the Castro regime by cutting off diplomatic ties, imposing a trade embargo, and preventing American tourists from visiting Cuba. Given that the US has been following this strategy for 54 years but the Castros remain in power, it’s reasonable to question the efficacy of that policy. So let’s look into it.
The Assimilation of François Hollande is Complete
We are the Borg. Your biological and technological distinctiveness will be added to our own. Resistance is futile.
If the French thought their 2012 election of socialist François Hollande over former president Nicolas Sarkozy meant that they would have their Keynes and avoid austerity, they have been proven fatally wrong. Hollande has just announced plans for a €50 billion austerity package, a cut of 4% of France’s GDP. He has promised to cut taxes on businesses by €30 billion, but this will come in the form of the elimination of a requirement that French businesses fund a family welfare program. Based on the IMF’s multiplier estimate for depressed economies (1.5), France will lose 6% in potential GDP growth over the next 3 years under this plan, potentially resulting in a new French recession. Hollande’s argument for this plan betrays a stunning incompetence on economic matters and illustrates that French voters have been played–there was no democratic alternative to Sarkozy in 2012.
Continue reading “The Assimilation of François Hollande is Complete”
The Incredible Statistical Difference between Democrats and Republicans
Lately I’ve been reading a book by Larry Bartels entitled Unequal Democracy: The Politics of the New Gilded Age. Bartels has conducted an incredible study that produced statistical outcomes I was not, to this point, aware of. Given the amount of time and energy I devote to politics, it stands to reason that the general public is not aware of them either, and it is absolutely imperative that, so long as this remains a democracy, every citizen be made aware of what Bartels has found, so I set out today to communicate these figures to whoever might be out there reading, in the hope that perhaps they will be shared more widely.
Continue reading “The Incredible Statistical Difference between Democrats and Republicans”
Benjamin Studebaker 