Lately the internet has become full of arguments about the merits and demerits of Bernie Sanders and Hillary Clinton. Over the past couple weeks, I’ve been discussing and pondering all the various views about this, and I’m increasingly of the opinion that most of the people engaging in this debate don’t really understand what is at stake in the democratic primary. This is in part because many Americans don’t really understand the history of American left wing politics and don’t think about policy issues in a holistic, structural way. So in this post, I want to really dig into what the difference is between Bernie and Hillary and why that difference is extremely important.
Ted Cruz has had a busy week. First the Texan senator and republican presidential candidate got in an argument about LGBT rights and religious freedom with actress Ellen Page. Then he launched an awkwardly timed attack on the presidency of Jimmy Carter, who was recently diagnosed with cancer. I’m not here to scold Cruz for being impolite. What I would like to do is talk about the substantive arguments Cruz makes and the way he makes them. So consider this post something of a doubleheader. Read the rest of this entry »
If you argue long enough about economics, you are bound to run into the stagflation argument. The stagflation argument claims that the big state and stimulus caused high inflation, high unemployment, and poor growth during the seventies. Usually this argument is not fully argued by those who believe in it–it is merely asserted, and the rest of us are expected to accept that it is simply the case that the seventies happened that way. Today I’d like to endeavour to illustrate what actually happened in the seventies, what the real causes of stagflation were, and what sort of lessons might be pulled from it.