The Blood is The Life 06-06-2012
Wednesday, June 6th, 2012 10:00 am![[personal profile]](http://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
miss_s_b- Facebook’s Long-Term Problem | The Baseline Scenario
- The Mechanics and Meaning of That Ol' Dial-Up Modem Sound - The Atlantic
WARNING! Auto-starting sound. Worth it though.
- Gallup Poll: 46% of Americans Are Young Earth Creationists
Which is pretty scary...
- Forty Shades Of Grey: CeCe McDonald
Horrible injustice :(
- Gov't SHOULD Manage Its Finances Like a Family
OK, so this chimes with my shaky grasp of economics, but someone who is better at economics: is this good?
- Reporter: I have a question to Robert and to... • Pop Cultured
Scarlett Johannson gets asked an interesting question...
- Two colours examines what actual real princesses wear
with pictures. And a bonus Queen.
- Q&A; with ‘Doctor Who’ stars: The five Doctors | Neela Debnath | Independent Arts - News, notes and quotes on the Arts world - Blogs
3 Colin
- Sherlock-Queen
Gov't SHOULD Manage Its Finances Like a Family
Date: Wednesday, June 6th, 2012 10:46 am (UTC)Of course, the problem we're faced with is that the other fellers did exactly what the bad family does and blew all the cash during the good times and we're left picking up the shrapnel.
He's right that we ought to be investing in education and infrastructure and letting military adventures go hang for the moment, though.
Re: Gov't SHOULD Manage Its Finances Like a Family
Date: Wednesday, June 6th, 2012 03:37 pm (UTC)You can make an argument (Krugman does) that we're in a big enough shortfall of aggregate demand (AD-shock) that the Keynesian multiplier is huge. I think he was arguing for seven last time I was looking closely. That's high enough that tax revenue would actually go up by more than spending, which would mean that there is a real magic money tree.
But there really isn't a good way to fit that into the analogy.