Sunday, August 27, 2006

Economics and Social Policy X

Welcome to the August 27, 2006 edition of Economics and Social Policy. It's our tenth weekaversary edition! If persistance truly does pay off, I'll have to go back to school on the whole Roman Numeral Thing.

Submitted for your approval, a very nice batch of thoughtful articles.

Tom Blumer presents Don Luskin Says High Inflation Is Coming, Thanks to Bendable Ben Bernanke posted at BizzyBlog, saying, "Luskin seems in a relative minority about inflation's impending onset, but he makes a persuasive case that Bendable Ben blew it by not raising rates in August, and will probably blow it again by not doing so again in Sept."

The other important point Luskin makes is the use of CPI / PPI as inflation measures masks some of the more important leading indicators of price inflation.

On an unrelated note, kudos to Mr. Blumer on the layout changes to Bizzyblog. The new look is very crisp & professional.

John Rozewicki presents Ask Not What Your Taxes Can Do For You! posted at Supreme Narcissism, saying, "An article explaining how we can be so happy in America while getting so little for all our tax money."

Personally, I think that we're all better off when we have less government, not more, and the idea that taking money from Peter to pay Paul via the government doesn't really generate much social benefit.

Mike Wallach presents Divided We Stand United We Fall posted at Divided We Stand United We Fall, saying, "Regardless whether you believe the theory that the sun's rays are generated from nuclear fusion, or whether you believe (as I do) that the sun's rays are generated by Apollo's flaming chariot as he makes his daily ride across the sky, you are still going to burn if you don't wear sunscreen.

And regardless of whether a divided government restrains spending through gridlock, or whether it is a result of some other mechanism, we will all still be burned if we continue with single party control in Washington."

I have a lot of sympathy for this position. One of the reasons that the Republicans are in trouble is that they've been spending like a bunch of Democrats. If we were not at War, I wouldn't mind a Democratic House with a Republican Senate (gotta have majorities here in order to get even compentent judges confirmed). As it is, a Democratic House means surrender in Iraq, impeachment hearings, and encouragement to the enemies of freedom everywhere.

When it comes to Government, the conservative position needs to be "Don't just do something, Sit there!"

Mark Montgomery presents The Politics of Textbook Adoptions Through a Global Lens: UNESCO teaches and learns about textbooks posted at Textbook Evaluator, saying, "While I'm an educator, I thought your readers might be interested in this perspective on the interplay between government and economic forces in the market for educational materials...namely, textbooks."

A good, long, and detailed post. "Public Education" is not the same thing as an "Educated Public", though the educrats attempt to use the terms interchangeably. Most governments are more interested in an indoctrinated public than an educated one.

Paul M. Secunda presents Gladwell and the Link Between Productivity and Pensions posted at Workplace Prof Blog.

Let's not pool pensions - let's eliminate 'em. A plan to gradually transfer fixed pension payments to 401K type investment ownership would go a long way to easing some of these issues.

Thanks to all who participated. Please submit your Econo-Geekery Posts for the next edition of Economics and Social Policy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Correction: In my comments on Mr. Rosewicki’s post above, I originally said:

“I think that we're all better off when we have more government, not less, … “. Essentially, the exact opposite of my intent. Corrected above.

Sorry for the mix up; Thanks to Bizzyblog for the correction.