Wednesday, July 27, 2011
The brainy folks at Rensselaer Polytechnic have done a study that shows if as few as 10 percent of a population doggedly holds on to a set of ideas regardless of how wrong they might be, they can eventually win over the people who make the mistake of being reasonable.
It should be noted and repeated that the big drivers in our debt problem were put is place by Republicans. We should ask our Republican representatives, "In light of the fact that you now see the debt as a major problem, do you have any remorse that you voted for the biggest causes of that debt?" These causes include the wars in Iraq and Afghanistan, the 2001 and 2003 tax cuts, the Medicare prescription drug benefits, and TARP.
The actual melting point of sugar has always been a bit slippery. It seems to vary with the intensity of the heat that is applied. Now we better understand why. Sugar doesn't melt like a metal. Under heat it decomposes in any number of different methods.
Some Paul Krugman quotes:
For those who know their 1930s history, this is all too familiar. If either of the current debt negotiations fails, we could be about to replay 1931, the global banking collapse that made the Great Depression great. But, if the negotiations succeed, we will be set to replay the great mistake of 1937: the premature turn to fiscal contraction that derailed economic recovery and ensured that the Depression would last until World War II finally provided the boost the economy needed.
There’s an old quotation, attributed to various people, that always comes to mind when I look at public policy: “You do not know, my son, with how little wisdom the world is governed.” Now that lack of wisdom is on full display, as policy elites on both sides of the Atlantic bungle the response to economic trauma, ignoring all the lessons of history. And the Lesser Depression goes on.
A question that needs to be asked of our political extremists of both sides is "How far in your preferred direction is too far?" Ask the Republicans what they see as the realistic limit of tax cuts. Ask the Democrats what they see as the realistic limit of entitlements.
It seems that the minuscule disturbances in gravity caused by a propagating tsunami have a detectable effect on a certain layer in the upper atmosphere. A system that perform careful observation can give clear warning that one is on the way.
If you're going to investigate the activities of a commission hoping to find ammunition that hurts the other party, you had better make sure your own party is playing by the rules. But when it comes to Republicans that is really difficult to do. Republicans fare better when they stymie the investigative process altogether.
Thursday, July 14, 2011
A formal study has confirmed what intuition would lead one to think. When the uninsured have access to Medicaid, they seek out more healthcare and have better health outcomes. Moreover, their overall financial situation improves. Those who wish to deny insurance need to explain why they think it is better for the low income folks to suffer.
Tuesday, July 12, 2011
The recently noted problems of our aging fleet of nuclear powered generating stations serves to point out that rather than abandon nuclear power, we need to start aggressively replacing them. Replacing old plants with newer, safer ones is much better than trying to keep the old ones up to snuff. These bad economic times are perfect for investments that create American jobs and revive some major industrial production. In the end, you have an improved power base that will be ready to support a revitalized economy.
Friday, July 01, 2011
Now that I have your attention, our banking laws are in serious need of reform if we ever hope to have a stable economy. Until that happens, all we should expect is one disaster after another while the guys creating the disasters run off with our nation's wealth.