6,393 karma · joined April 18, 2011
> ... if the Freedom Caucus gets its way, [bad thing]
> ... few expect the Trump administration to [good thing]
> the Trump administration is [bad thing]
Even in an article about non-competes Krugman can't help but slather on the bias. It amazes me that people still take this man seriously and that his books are so widely used in economics classrooms. Krugman has long since abandoned any hint of objectivity, and thus his conclusions should be considered with a heaping scoop of skepticism.
Governments that waste too much suck up ever more of your taxes or go bankrupt and cause misery for all.
[1] https://www.amazon.com/Economics-One-Lesson-Shortest-Underst...
Edit: To those knee-jerk rejecting the argument based on the Breitbart domain, besides being intellectually lazy, you should know that Ben Shapiro is a very well-respected author on matters of economics and politics (and indeed that Breitbart used to be a very respectable media outlet before the founder, Andrew Breitbart, passed away and the company was taken over by Steve Bannon)
Edit: Besides, government policies reflexively guided by consumer sentiment is called populism, which is dangerous.
Reddit management prefers for their website to only showcase non-controversial content in order to attract advertisers. Which is their right, but I'm rooting for the disruptive upcomer that will kill that website like Reddit originally did to Digg back when Reddit was cool and stood for something.
The author is a professor at a state college. Which means taxes pay for him to think up such nonsense.
And then of course any disparities, properly normalized for alternative factors (or not), have to be corrected. Very messy science. It's also easy and politically expedient science - these days we're obsessed with inequality, and if you just comb around you're bound to find some statistically significant disparities and that gets everyone's attention. If researchers were trying to investigate population-level thoughtcrime, this is what it might look like.
Over the years I've realized how powerful and important such information is for peaceful diplomacy, and that the United States has a post-WWII responsibility to maintain that peace.
However, the recent debacle regarding potential political spying has vindicated my earliest fears - that this can be used to subvert the domestic democratic process. Doesn't matter whether the spying did or did not occur (probably both sides are stretching the truth). We're living in an age where it is at least conceivable by a large portion of the country that the NSA's tools were improperly used against US citizens. It's time for a vigorous debate on clear guidelines regarding these powers.
Second paragraph - get the corrupt politicians out of the picture and the problem solves itself.
Regarding sustainable energy - a lot of government funding is already going to that in the form of research grants awarded to people in academia looking at those things. We can increase funding, but that's already happening. The surest way to kill those chances would be, for example, create a carbon tax which has the effects of getting government dependent on revenue coming from fossil fuel emissions, and introduces incentives to ensure that revenue source continues.
Regarding your last question - I don't know. Haven't done the research. But I have read enough of classical economics to know that it's probably not a big deal - or if it is an issue that it will be short-lived. If the consumer is sufficiently fucked then it is the corporation who will have shot themselves in the foot. Law of supply and demand in action
In the long run, the only barrier to competition is regulatory capture, which is much harder to overcome than short-term problems like there not being enough competition. Technical challenges are a lot easier to solve than regulatory challenges, which 100% of the time increase the barrier to entry by, among other things, raising the cost of compliance (have to pay more lawyers, accountants, etc to make any moves in the market).