Posted by Mike on November 13, 2010 A warm fall day. If you’re stuck inside, here are some links for you. Science:
Dire Consequences of NIH Cuts
Rare Hits and Heaps of Misses to Pay For
NDM-1, the supergene: Further (community?) spread
Other:
Making religion of economics: The arguments of market fundamentalists don’t fit the facts of our economy. So they ignore the facts
Phantom Jobs
Deregulation and Your Front Lawn
Our unemployment crisis is not structural
Maybe We Can All . . .
The Obama Movement
Brad DeLong: “It is not that they {the Pain Caucus economists} or their funders have any material interest in prolonged depression. It is no longer the case that there are many rich people who hold their wealth in bonds and so profit from deflation and do not lose from unemployment and idle capacity: Everybody’s portfolio today is much more diversified than that. Today, in a depression everybody loses.”
Oh, but it is not absolute gain that matters, but relative gain. Los Ricos are comfortable regardless. But what good is it to be rich if there are no poor?
Besides, have some regard for the future. How do you produce a servant class without high unemployment? How do you keep wages down? How do you keep control of the government?
November 14, 2010