The significance of an individual from a disadvantaged group earning a respected occupation and excelling displays the potential of people from that group to overcome prejudice and contribute to the betterment of the world, thus providing distinction for the individual and garnering pride and acclaim for the group. Shoehorning disadvantaged groups into positions as a political statement renders their presence as purely symbolic.
- Liberating the precolonial history of Africa Toby Green, Aeon
- The real Gujarat Model is not about economic growth Shikha Dalmia, the Week
- The Methodist split everybody should be talking about Todd Webb, Age of Revolutions
- The economic policy of Elizabeth Warren Tyler Cowen, Marginal Revolution
Apart from grading, reviewing, and my soon-to-be 5-yr-old’s birthday, that is…
– A good question from Don Boudreaux. “Assuming (contrary to fact) that American trade deficits do necessarily cause Americans’ indebtedness to foreigners to rise, why do you bemoan these deficits? Why not instead cheer them? … Being indebted to foreigners means that we Americans must repay these debts, which in turn means that we Americans must in the future work to produce more goods and services for export. Isn’t this situation precisely what you and other protectionists want? Isn’t a rise in the demand for American exports – especially a rise not derived from, or offset by, a simultaneous rise in American imports – your very ideal?”
– Speaking of protectionism, Tyler Cowen on Elizabeth Warren’s agriculture proposal: “a disappointment on two fronts: too wonky to be considered a purely political document, but not nearly wonky enough to be defensible in terms of substance.” It fails to understand inflation and food price data, calls for more protectionism, and doesn’t remove subsidies. He says he might be persuadable on a “right to repair” law, but worries about copyright infringement.
– One of the issues Ludwig von Mises himself, I am told, never fully settled in his mind was over patents and copyright. It seems a necessary evil to encourage innovation, but granting someone a government-sanctioned monopoly just grates the wrong way. Now we’ve got “patent trolls” to add to the mix, who do not innovate themselves but buy up patents to collect licenses and sue or threaten to sue others. A paper finds that patent trolls encourage more upstream innovation while discouraging downstream innovation.
– Why does Scott Sumner simultaneously support the Federal Reserve’s interest rate hike last year and expect a cut this year? As a market monetarist, he would like the market to dictate Fed policy and “the fed funds futures market forecasts a rate cut. … Because markets continue to forecast slightly below 2% inflation, even as the economy slows, the market forecast of an interest rate cut should be taken as evidence that a rate cut is probably needed at some point this year.” I also enjoyed the picture that goes with the article – he is an owl, neither a hawk nor a dove.
– There’s a dictionary, detailing how Africans speak about politics, including some fascinating idioms. “Three-piece suit voting” refers to supporting the same party for all elected positions. On the contrary, “skirt-and-blouse voting” means to vote for different parties for presidential and legislative elections.” Other enjoyable examples at the link.
– 538 has an interesting piece on the perceived fairness of kidney donation systems, and the real struggle that still exists trying to get people to accept slightly less-regulated systems (let alone actually compensating donors’ families).
– David Henderson: Occupational Licensing is a Bad Idea. Still. Really.
During her recent visit to China, a Democratic Senator from Massachusetts, Elizabeth Warren (perceived by many as a potential Presidential Candidate of the Democratic Party in 2020), came down heavily on US President Donald Trump’s approach towards foreign policy, arguing that it lacks substance, is unpredictable, and does not pay much attention to liberal values and human rights, which according to her has been the cornerstone of US foreign policy for a long time.
Commenting on Trump’s unpredictable approach towards Asia, Warren stated:
This has been a chaotic foreign policy in the region, and that makes it hard to keep the allies that we need to accomplish our objectives closely stitched-in.
Critical of US approach towards China
Warren met with senior Chinese officials including Liu He, vice-premier for economic policy, Yang Jiechi, a top diplomat, and the minister of defense, Wei Fenghe, and discussed a number of important issues including trade and the North Korea issue.
Warren criticised China for being relatively closed, and stated that the US needed to have a more realistic approach towards Beijing. She also spoke of the need for the US to remain committed to raising Human Rights issues, and not skirt the issue, while dealing with China.
I suspect I’m the only one around here that spends significant time on progressive blogs etc so let me tell you what it’s like over there….Progressives seem depressed but resigned. HRC will be the nominee. There are no other viable candidates. Sanders will be entertaining, O’Malley not so much….there’s no one on the sidelines. Prof. P’s [‘P’ is for ‘Pinocchio’ – bc] lust driven fantasy about Sen. Warren aside, no last minute candidacy from her.
Progressives take some solace in not having someone from the Republikan Klown Kar selecting Supreme Court nominees but that’s about it. Progressives take it for granted that the Democratic nominee will win the general election [they can read the electoral map and count]. They aspire to take back the senate but have no illusions about the House of Representatives so no significant new legislation will happen.
In my opinion scenario 3 is inevitable, I will dearly miss the Obama administration and it will happen sooner than I’ll like…
Thanks Dr A. This is excellent insight, and I am curious about the names of these progressive blogs. Who knows: some of them might even end up on NOL‘s vaunted blogroll. Professor Terry, by the way, teaches and researches up at a fancy business school in Toronto.
I still don’t have a solid definition of what ‘progressive’ means, though. It’s Left-wing. It’s anti-racist (or purportedly, anyway, as it can be argued that identity politics is itself racist, but I digress). Aside from those qualities, I don’t see much about it that is progressive. They are protectionists. They love big government except when they don’t. They are Democrats, or at least anti-GOP, but doesn’t necessarily approve of the Democratic leadership (especially when it works with Republicans). This leads me to suspect that progressivism is a political movement rather than ideological or intellectual one. This deduction, in turn, suggests to me that progressives are the US’s reactionaries (conservatives). I would be happy to change my tune about progressives once I get a solid definition of what they actually believe in, but again I don’t have one and reactionaries are usually defined by what they oppose (in this case Republicans) rather than what they stand for.
Anyway, NOL‘s blogroll – one of the best, if not the best blogroll out there in my humble opinion – has a bunch of Leftist group blogs on it, including: Angry Bear, Crooked Timber, Disorder of Things, Duck of Minerva, JHIBlog, Lawyers, Guns & Money, the RBC, Monkey Cage, and Mischiefs of Faction. None have coughed up a definition of ‘progressive’ yet, but Professor Terry has an open invitation to do just that here at NOL.
Every society needs its reactionaries, of course. It would just be nice of progressives to actually, honestly identify themselves as the reactionary party here (and as the Tories do in the UK), rather than deceive themselves by referring to their reactions as “progressive.” The Progressives of the 19th century (different bag of reactionaries than today’s progressives) did the exact same thing when they started calling themselves “liberals” in order to make their policies more palpable to the general voting public, and look how that turned out.
Liberty is what creates progress, not legislation. Just ask all of those progressives currently resigned to voting for HRC because she’s “better than the alternative.”