Showing posts with label krugman. Show all posts
Showing posts with label krugman. Show all posts

Aug 3, 2021

Krugman Speaks

"Freedom"


This is a pretty good explainer.

NYT, Paul Krugman: (pay wall)

Ron DeSantis, governor of Florida, isn’t stupid. He is, however, ambitious and supremely cynical. So when he says things that sound stupid it’s worth asking why. And his recent statements on Covid-19 help us understand why so many Americans are still dying or getting severely ill from the disease.

The background here is Florida’s unfolding public health catastrophe.

We now have highly effective vaccines freely available to every American who is at least 12 years old. There has been a lot of hype about “breakthrough” infections associated with the Delta variant, but they remain rare, and serious illness among the vaccinated is rarer still. There is no good reason we should still be suffering severely from this pandemic.

But Florida is in the grip of a Covid surge worse than it experienced before the vaccines. More than 10,000 Floridians are hospitalized, around 10 times the number in New York, which has about as many residents; an average of 58 Florida residents are dying each day, compared with six in New York. And the Florida hospital system is under extreme stress.

There’s no mystery about why this has happened. At every stage of the pandemic DeSantis has effectively acted as an ally of the coronavirus, for example by issuing orders blocking businesses from requiring that their patrons show proof of vaccination and schools from requiring masks. More generally, he has helped create a state of mind in which vaccine skepticism flourishes and refusal to take precautions is normalized.

One technical note: Florida’s vaccination rate is well below the rates in the Northeast, but closely matches the national average. But seniors are much more likely to be vaccinated than younger Americans, in Florida as elsewhere; and Florida, of course, has an unusually high number of seniors. Among younger groups the state lags behind the nation as a whole, and even further behind blue states.

So, given these grim developments, one might have expected or at least hoped that DeSantis would reconsider his position. In fact, he has been making excuses — it’s all about the air-conditioning! He has been claiming that any new restrictions would have unacceptable costs for the economy — although Florida’s recent performance looks terrible if you place any value on human life.

Above all, he has been playing the liberal-conspiracy-theory card, with fund-raising letters declaring that the “radical left” is “coming for your freedom.”

So let’s talk about what the right means when it talks about “freedom.” Since the pandemic began, many conservatives have insisted that actions to limit the death toll — social distancing, wearing a mask and now getting vaccinated — should be matters of personal choice. Does that position make any sense?

Well, driving drunk is also a personal choice. But almost everyone understands that it’s a personal choice that endangers others; 97 percent of the public considers driving while impaired by alcohol a serious problem. Why don’t we have the same kind of unanimity on refusing to get vaccinated, a choice that helps perpetuate the pandemic and puts others at risk?

True, many people doubt the science; the link between vaccine refusal and Covid deaths is every bit as real as the link between D.U.I. and traffic deaths, but is less obvious to the naked eye. But why are people on the right so receptive to misinformation on this subject, and so angry about efforts to set the record straight?

My answer is that when people on the right talk about “freedom” what they actually mean is closer to “defense of privilege” — specifically the right of certain people (generally white male Christians) to do whatever they want.

Not incidentally, if you go back to the roots of modern conservatism, you find people like Barry Goldwater defending the right of businesses to discriminate against Black Americans. In the name of freedom, of course. A lot, though not all, of the recent panic about “cancel culture” is about protecting the right of powerful men to mistreat women. And so on.

Once you understand that the rhetoric of freedom is actually about privilege, things that look on the surface like gross inconsistency and hypocrisy start to make sense.

Why, for example, are conservatives so insistent on the right of businesses to make their own decisions, free from regulation — but quick to stop them from denying service to customers who refuse to wear masks or show proof of vaccination? Why is the autonomy of local school districts a fundamental principle — unless they want to require masks or teach America’s racial history? It’s all about whose privilege is being protected.

The reality of what the right means by freedom also, I think, explains the special rage induced by rules that impose some slight inconvenience in the name of the public interest — like the detergent wars of a few years back. After all, only poor people and minority groups are supposed to be asked to make sacrifices.

Anyway, as you watch DeSantis invoke “freedom” to escape responsibility for his Covid catastrophe, remember, when he says it, that word does not mean what you think it means.

Jun 29, 2021

Krugman Speaks

"Closed-mindedness and ignorance have become core conservative values, and those who reject these values are the enemy, no matter what they may have done to serve the country."


As everyone knows, leftists hate America’s military. Recently, a prominent left-wing media figure attacked Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, declaring, “He’s not just a pig, he’s stupid.”

Oh, wait. That was no leftist, that was Fox News’s Tucker Carlson. What set Carlson off was testimony in which Milley told a congressional hearing that he considered it important “for those of us in uniform to be open-minded and widely read.”

The problem is obvious. Closed-mindedness and ignorance have become core conservative values, and those who reject these values are the enemy, no matter what they may have done to serve the country.

The Milley hearing was part of the orchestrated furor over “critical race theory,” which has dominated right-wing media for the past few months, getting close to 2,000 mentions on Fox so far this year. One often sees assertions that those attacking critical race theory have no idea what it’s about, but I disagree; they understand that it has something to do with assertions that America has a history of racism and of policies that explicitly or implicitly widened racial disparities.

And such assertions are unmistakably true. The Tulsa race massacre really happened, and it was only one of many such incidents. The 1938 underwriting manual for the Federal Housing Administration really did declare that “incompatible racial groups should not be permitted to live in the same communities.”

We can argue about the relevance of this history to current policy, but who would argue against acknowledging simple facts?

The modern right, that’s who. The current obsession with critical race theory is a cynical attempt to change the subject away from the Biden administration’s highly popular policy initiatives, while pandering to the white rage that Republicans deny exists. But it’s only one of multiple subjects on which willful ignorance has become a litmus test for anyone hoping to succeed in Republican politics.

Thus, to be a Republican in good standing one must deny the reality of man-made climate change, or at least oppose any meaningful action to limit greenhouse gas emissions. One must reject or at least express skepticism about the theory of evolution. And don’t even get me started on things like the efficacy of tax cuts.

What underlies this cross-disciplinary commitment to ignorance? On each subject, refusing to acknowledge reality serves special interests. Climate denial caters to the fossil fuel industry; evolution denial caters to religious fundamentalists; tax-cut mysticism caters to billionaire donors.

But there’s also, I’d argue, a spillover effect: Accepting evidence and logic is a sort of universal value, and you can’t take it away in one area of inquiry without degrading it across the board. That is, you can’t declare that honesty about America’s racial history is unacceptable and expect to maintain intellectual standards everywhere else. In the modern right-wing universe of ideas, everything is political; there are no safe subjects.

This politicization of everything inevitably creates huge tension between conservatives and institutions that try to respect reality.

There have been many studies documenting the strong Democratic lean of college professors, which is often treated as prima facie evidence of political bias in hiring. A new law in Florida requires that each state university conduct an annual survey “which considers the extent to which competing ideas and perspectives are presented,” which doesn’t specifically mandate the hiring of more Republicans but clearly gestures in that direction.

An obvious counterargument to claims of biased hiring is self-selection: How many conservatives choose to pursue careers in, say, sociology? Is hiring bias the reason police officers seem to have disproportionately supported Donald Trump in the 2016 election, or is this simply a reflection of the kind of people who choose careers in law enforcement?

But beyond that, the modern G.O.P. is no home for people who believe in objectivity. One striking feature of surveys of academic partisanship is the overwhelming Democratic lean in hard sciences like biology and chemistry; but is that really hard to understand when Republicans reject science on so many fronts?

One recent study marvels that even finance departments are mainly Democratic. Indeed, you might expect finance professors, some of whom do lucrative consulting for Wall Street, to be pretty conservative. But even they are repelled by a party committed to zombie economics.

Which brings me back to General Milley. The U.S. military has traditionally leaned Republican, but the modern officer corps is highly educated, open-minded and, dare I say it, even a bit intellectual — because those are attributes that help win wars.

Unfortunately, they are also attributes the modern G.O.P. finds intolerable.

So something like the attack on Milley was inevitable. Right-wingers have gone all in on ignorance, so they were bound to come into conflict with every institution — including the U.S. military — that is trying to cultivate knowledge.

May 8, 2020

Krugman Speaks


Paul Krugman, NYT: (pay wall)

Covid-19 has had a devastating effect on workers. The economy has plunged so quickly that official statistics can’t keep up, but the available data suggest that tens of millions of Americans have lost their jobs through no fault of their own, with more job losses to come and full recovery probably years away.

But Republicans adamantly oppose extending enhanced unemployment benefits — such an extension, says Senator Lindsey Graham, will take place “over our dead bodies.” (Actually, over other people’s dead bodies.)

They apparently want to return to a situation in which most unemployed workers get no benefits at all, and even those collecting unemployment insurance get only a small fraction of their previous income.

Because most working-age Americans receive health insurance through their employers, job losses will cause a huge rise in the number of uninsured. The only mitigating factor is the Affordable Care Act, a.k.a. Obamacare, which will allow many though by no means all of the newly uninsured to find alternative coverage.


But the Trump administration is still trying to have the Affordable Care Act ruled unconstitutional; “We want to terminate health care under Obamacare,” declared Donald Trump, even though the administration has never offered a serious alternative.ign Up

Bear in mind that ending Obamacare would end protection for Americans with pre-existing conditions — and that insurers would probably refuse to cover anyone who had Covid-19.


Finally, the devastation caused by the coronavirus has left many in the world’s wealthiest major nation unable to put sufficient food on the table. Families with children under 12 are especially hard hit: According to one recent survey, 41 percent of these families are already unable to afford enough to eat. Food banks are overwhelmed, with lines sometimes a mile long.

But Republicans are still trying to make food stamps harder to get, and fiercely oppose proposals to temporarily make food aid more generous.

- and -

But we’re only now starting to get a sense of the Republican Party’s cruelty toward the economic victims of the coronavirus. In the face of what amounts to a vast natural disaster, you might have expected conservatives to break, at least temporarily, with their traditional opposition to helping fellow citizens in need. But no; they’re as determined as ever to punish the poor and unlucky.

As many pundits have said over the years, even when it's plain that their philosophies aren't working, "conservatives' will double down.

We've gone along with a "tough love" approach to poverty (eg) - "weaning the poor from the government teat" (which has turned out to be a very PC way of saying "kick 'em when they're down") - and when it becomes clear that it's not working, Republicans decide it's because we haven't been kicking them hard enough.

Democracy is supposed to be a Free Market kind of thing. You bring your ideas to the marketplace, and voters decide if those ideas are worth something.

Republicans insist that their ideas - the ones the voters keep rejecting - are perfectly sound, so if there's a problem, then it must be that we've got the wrong voters, and so we'll fix it by gerrymandering and caging, and when that's not enough, we'll go with flat-out voter suppression.

Feb 15, 2017

We Were Warned

Paul Krugman, NYT, July 2016:
If elected, would Donald Trump be Vladimir Putin’s man in the White House? This should be a ludicrous, outrageous question. After all, he must be a patriot — he even wears hats promising to make America great again.
But we’re talking about a ludicrous, outrageous candidate. And the Trump campaign’s recent behavior has quite a few foreign policy experts wondering just what kind of hold Mr. Putin has over the Republican nominee, and whether that influence will continue if he wins.
I’m not talking about merely admiring Mr. Putin’s performance — being impressed by the de facto dictator’s “strength,” and wanting to emulate his actions. I am, instead, talking about indications that Mr. Trump would, in office, actually follow a pro-Putin foreign policy, at the expense of America’s allies and her own self-interest.
That’s not to deny that Mr. Trump does, indeed, admire Mr. Putin. On the contrary, he has repeatedly praised the Russian strongman, often in extravagant terms. For example, when Mr. Putin published an article attacking American exceptionalism, Mr. Trump called it a “masterpiece.”
 

Dec 19, 2016

The Whole Krugman

 

Many people are reacting to the rise of Trumpism and nativist movements in Europe by reading history — specifically, the history of the 1930s. And they are right to do so. It takes willful blindness not to see the parallels between the rise of fascism and our current political nightmare.
But the ’30s isn’t the only era with lessons to teach us. Lately I’ve been reading a lot about the ancient world. Initially, I have to admit, I was doing it for entertainment and as a refuge from news that gets worse with each passing day. But I couldn’t help noticing the contemporary resonances of some Roman history — specifically, the tale of how the Roman Republic fell.
Here’s what I learned: Republican institutions don’t protect against tyranny when powerful people start defying political norms. And tyranny, when it comes, can flourish even while maintaining a republican facade.
On the first point: Roman politics involved fierce competition among ambitious men. But for centuries that competition was constrained by some seemingly unbreakable rules. Here’s what Adrian Goldsworthy’s “In the Name of Rome” says: “However important it was for an individual to win fame and add to his and his family’s reputation, this should always be subordinated to the good of the Republic … no disappointed Roman politician sought the aid of a foreign power.”
America used to be like that, with prominent senators declaring that we must stop “partisan politics at the water’s edge.” But now we have a president-elect who openly asked Russia to help smear his opponent, and all indications are that the bulk of his party was and is just fine with that. (A new poll shows that Republican approval of Vladimir Putin has surged even though — or, more likely, precisely because — it has become clear that Russian intervention played an important role in the U.S. election.) Winning domestic political struggles is all that matters, the good of the republic be damned.
And what happens to the republic as a result? Famously, on paper the transformation of Rome from republic to empire never happened. Officially, imperial Rome was still ruled by a Senate that just happened to defer to the emperor, whose title originally just meant “commander,” on everything that mattered. We may not go down exactly the same route — although are we even sure of that? — but the process of destroying democratic substance while preserving forms is already underway.
 
Consider what just happened in North Carolina. The voters made a clear choice, electing a Democratic governor. The Republican legislature didn’t openly overturn the result — not this time, anyway — but it effectively stripped the governor’s office of power, ensuring that the will of the voters wouldn’t actually matter.
Combine this sort of thing with continuing efforts to disenfranchise or at least discourage voting by minority groups, and you have the potential making of a de facto one-party state: one that maintains the fiction of democracy, but has rigged the game so that the other side can never win.
Why is this happening? I’m not asking why white working-class voters support politicians whose policies will hurt them — I’ll be coming back to that issue in future columns. My question, instead, is why one party’s politicians and officials no longer seem to care about what we used to think were essential American values. And let’s be clear: This is a Republican story, not a case of “both sides do it.”
So what’s driving this story? I don’t think it’s truly ideological. Supposedly free-market politicians are already discovering that crony capitalism is fine as long as it involves the right cronies. It does have to do with class warfare — redistribution from the poor and the middle class to the wealthy is a consistent theme of all modern Republican policies. But what directly drives the attack on democracy, I’d argue, is simple careerism on the part of people who are apparatchiks within a system insulated from outside pressures by gerrymandered districts, unshakable partisan loyalty, and lots and lots of plutocratic financial support.
For such people, toeing the party line and defending the party’s rule are all that matters. And if they sometimes seem consumed with rage at anyone who challenges their actions, well, that’s how hacks always respond when called on their hackery.
One thing all of this makes clear is that the sickness of American politics didn’t begin with Donald Trump, any more than the sickness of the Roman Republic began with Caesar. The erosion of democratic foundations has been underway for decades, and there’s no guarantee that we will ever be able to recover.
But if there is any hope of redemption, it will have to begin with a clear recognition of how bad things are. American democracy is very much on the edge.
 

Read Paul Krugman's blog: The Conscience of a Liberal, and follow him on Twitter, @PaulKrugman.

Follow The New York Times Opinion section on Facebook and Twitter (@NYTopinion), and sign up for the Opinion Today newsletter.

Mar 4, 2016

The Krug Man Speaks

Paul Krugman NYT



Donald Trump is a “con artist,” says Marco Rubio — who has promised to enact giant tax cuts, undertake a huge military buildup and balance the budget without any cuts in benefits to Americans over 55.
“There can be no evasion and no games,” thunders Paul Ryan, the speaker of the House — whose much-hyped budgets are completely reliant on “mystery meat,” that is, it claims trillions of dollars in revenue can be collected by closing unspecified tax loopholes and trillions more saved through unspecified spending cuts.
Mr. Ryan also declares that the “party of Lincoln” must “reject any group or cause that is built on bigotry.” Has he ever heard of Nixon’s “Southern strategy”; of Ronald Reagan’s invocations of welfare queens and “strapping young bucks” using food stamps; of Willie Horton?
Put it this way: There’s a reason whites in the Deep South vote something like 90 percent Republican, and it’s not their philosophical attachment to libertarian principles.
Chock full of the good stuff - quit fuckin' around here and go read it. Now. 

Nov 18, 2013

The KrugMan Speaks

Paul Krugman - NYT
Barry Ritholtz reminds us that we’ve just passed the third anniversary of the debasement-and-inflation letter — the one in which a who’s who of right-wing econopundits warned that quantitative easing would have dire consequences. As Ritholtz notes, they were utterly wrong. Also, rereading the letter now, you have to wonder what kind of economic model they had in mind. They asserted that:

"The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed’s objective of promoting employment."
So they’d be inflationary without being expansionary? How was that supposed to work? There were a few actual economists in the group; do they subscribe to the doctrine of immaculate inflation?
When you get it wrong, you're supposed to say something along the lines of, "Oops - sorry - my bad", and then you're supposed to shut the fuck up for a while so people who haven't got it wrong can be heard.  That's the way I learned it; I'm pretty sure that's the way most of us learned it; so why do we continue to listen to these Wrongsters, and keep giving them any kind of platform to say wrong things?

Oh yeah - because it's not about getting it right, it's only about getting it "balanced".

Silly me - never mind.

BTW: Immaculate Inflation?  Fuckin' genius is all that is.

Jul 15, 2013

The KrugMan Speaks

Generally, I need people to play in their own yards, but if you have something worth saying you should say it.
To fully appreciate what just went down, listen to the rhetoric conservatives often use to justify eliminating safety-net programs. It goes something like this: “You’re personally free to help the poor. But the government has no right to take people’s money” — frequently, at this point, they add the words “at the point of a gun” — “and force them to give it to the poor.”
It is, however, apparently perfectly O.K. to take people’s money at the point of a gun and force them to give it to agribusinesses and the wealthy.
Now, some enemies of food stamps don’t quote libertarian philosophy; they quote the Bible instead. Representative Stephen Fincher of Tennessee, for example, cited the New Testament: “The one who is unwilling to work shall not eat.” Sure enough, it turns out that Mr. Fincher has personally received millions in farm subsidies.
 And if it's worth hearing then I'm listening.

Jul 8, 2013

The KrugMan Speaks

Dispatches from Derpistan.

Paul Krugman, NYT:
Josh Barro has made a very useful contribution to policy discussion by adapting the term “derp” for a certain kind of all-too-prevalent stance in economic debate, which Noah Smith somewhat euphemistically describes as “the constant, repetitive reiteration of strong priors”. In other words, people who take a position and refuse to alter that position no matter how strongly the evidence refutes it, who continue to insist that they have The Truth despite being wrong again and again.
Nobody can get off into the weeds like a Nobelist, but Krugman works hard to make it understandable for me, and the parts of what he says that I can understand are almost always pretty great.

Jun 29, 2013

The KrugMan Speaks

...also, Today's Best Blog Line is the one hi-lited below:


Three Unsayable Words

Brad DeLong finds Allan Meltzer inveighing against quantitative easing, and notes that Meltzer’s story (in which it’s all Obama’s fault) is completely at odds with data on both investment and interest rates.
But there’s a larger story here. Some readers may recall that four long years ago Meltzer warned, in the direst of tones, that we faced a looming danger of inflation from expansionary Fed policy. Those of us who had studied Japanese experience, and more broadly thought through the implications of the liquidity trap, shot back that this was foolish — even if the Fed greatly expanded its balance sheet, the funds would just sit there, for example accumulating as excess bank reserves.
So here we are, with inflation low and falling despite a huge Fed expansion, and with Meltzer himself pointing out that the bulk of that expansion just sat there, largely in the form of excess reserves. In a better world, Meltzer would say the three unsayable words — “I was wrong” — and maybe even admit that the other side of the argument had something to it.
But no; his predictions didn’t go completely wrong because his analysis was wrong, it was all the Affordable Care Act, or something. And like so many people who originally raged against easy money because it would cause inflation, the failure of inflation to take off has simply led them to invent new reasons to take the same hard-money position.
And I’m trying, unsuccessfully, to think of a single prominent conservative economist who has responded to the complete failure of his predictions by changing his views. This has long since stopped being merely an analytical issue; it has become a moral issue, a test of character. And almost everyone on that side of the debate has failed.

Dr K just keeps pluggin' away - and may Zeus bless him for that. I don't get a lot of what Krugman has to say, but I think it's important to find people who seem to be looking for the same kind of Uppercase-T-for-Truth that I'm looking for. And if it doesn't quite fit my political leanings, then I have to change my thinking, not just keep scratchin' around for "facts' that seem to bolster my preconceptions.
Krugman strikes me as the kinda guy who will never say anything as stoopid as, " It isn't that (insert name of bullshit ideology here) failed us; we failed (bullshit ideology)."
Find that truth and stop working so hard to maintain your self-image as some kind of oracle. What Would Krugman Do?

Dec 13, 2012

The Krugman Speaks


Bleeding Europe

Europe has surprised me with its political resilience — the willingness of debtor nations to endure seemingly endless pain, the ability of the ECB to do just enough, at the very last minute, to calm markets when the financial situation seems ready to explode. But the economics of austerity have played out exactly according to script — the Keynesian script, that is, not the austerian script. Again and again, “responsible” technocrats induce their nations to accept the bitter austerity medicine; again and again, they fail to deliver results. The latest case in point is Italy, where Mario Monti — a good guy, deeply sincere — is leaving early, ultimately because his policies are delivering Italy into depression. (And yes, for the record, this means that Italy won’t get the full Monti.)
So what’s the answer? Stay the course, say the Eurocrats. It will work any day now — the confidence fairy is coming!
Kevin O’Rourke has it right: Europe has become the continent where good times are always just around the corner.
It really is like medieval medicine, where you bled patients to treat their ailments, and when the bleeding made them sicker, you bled them even more.