"Words ought to be a little wild, for they are the assault of thoughts on the unthinking" - JMK
- Rick Ungar with more on Thomas Jefferson's support of public health insurance mandates. This is in reference to the merchant marine insurance scheme I mentioned earlier on here (HT - Brad DeLong). I think a lot of the perceived libertarianism of the founders is due to the simple lack of resources in the late 18th century. No, for the most part there is no public health program to speak of. The thing is - there was no real private health program to speak of either. Health care simply wasn't that advanced and where it was advanced there was no effective demand for it because people didn't have resources to spend on it. To speculate that that means any sort of public involvement was rejected by the founders from that is absurd.
- Gene Callahan calls for more empirical arbitration between the Austrian School and Keynesianism. I'm not quite sure I fully agree with his and Garrison's point on the primary difference between Keynesianism and the Austrians - but I'd have to think about it.
- The Social Democracy for the 21st Century blog provides a discussion on early post-war Keynesianism.
- Frances Fox Piven is now receiving death threats. I first became familiar with Piven several years ago in college. My reaction - "eh, she's a 60s liberal that's written a lot about activism and welfare". She didn't really hold my interest till her name started popping up again in the last two years or so. Must be a total coincidence - totally unconnected to the state of rhetoric in America - that she's now being targeted with death threats, right?
- Scott Sumner suggests that many different problems cause downturns and that a collection of problems causes big downturns. I would whole-heartedly agree.
Consequentialism, Part II
1 hour ago