Monday, October 24, 2011

Krugman's Army on the March

Don't think this will make his next column either.

Dallas Police continue to investigate whether a teenage runaway was sexually assaulted by an adult male at the Occupy Dallas encampment behind City Hall.

A source within the Dallas Police Department who spoke on condition of anonymity because of the ongoing investigation said the girl ran away from home in Garland last month and that she is now refusing to cooperate with investigators. She initially told officers that she had sex with a man in his early twenties and had engaged in sexual activity with several other people.

Some members of the group told CBS 11 the girl identified herself as a 19-year-old and never knew she was 14.

8 comments:

Lonnie Bruner said...

I thought of you when I read this: http://articles.businessinsider.com/2011-10-23/news/30312639_1_paul-krugman-spending-cuts-government-spending

James B. said...

Keynesian economics is inherently unfalsifiable. If the economy improves they say, "see it worked" if it doesn't improve they say, "see, it should have been bigger".

Lonnie Bruner said...

By that logic, you could say libertarianism is unfalsifiable too: if the economy collapses because protections put in place in the 30s have been rolled back over the last few decades, libertarians say it collapsed because *not enough* protections had been rolled back. If the economy improves because gov't steps up spending (like in WWII), well that's just the "wonders of the free market".

Touche.

Lonnie Bruner said...

And tell me, when the output gap is clearly over $2 trillion, and a stimulus is put in place (in which 33% is tax cuts to try and win unwinnable Republican votes) that's only $787 billion, what do you think will happen?

Exactly what did happen, that's what.

James B. said...

Libertarianism is technically a political philosophy, not a school of economic thought. If you mean something like the Chicago or Austrian School, yes it does face many of the same limitations. There is a reason it is called the "dismal science". Free market economists, however, don't promote the widespread confiscation of other people's wealth to use in their economic experiments though. They, for the most part, are not so arrogant to think that they know better than millions of individuals how to run their affairs.

Lonnie Bruner said...

One man's "confiscation" is another man's "16th Amendment to the United States Constitution". I mean, tomato tomahto.

James B. said...

Not saying it is constitutionally illegal, but there is a difference between merely promoting a theory, and using the force of arms to compel others to use their resources to implement it for you.

I am not saying that government funds should never be used for something other than public goods, but that moral threshold should necessarily be high.

Lonnie Bruner said...

The threshold *is* high. It takes 60 votes in the Senate now to do anything. And 60 held by one party is certainly an impressive feat. Eg, Republicans haven't had 60 in the Senate since 1911.