<?xml version="1.0" encoding="iso-8859-1"?>
<rss version="2.0">
    <channel>
    <title>Frankly Curious</title>
    <link>http://franklycurious.com/</link>
    <description>Everything interesting to everyone interesting</description>
    <language>en-us</language>           
    <generator>Nucleus CMS v3.64</generator>
    <copyright>&#169;</copyright>             
    <category>Weblog</category>
    <docs>http://backend.userland.com/rss</docs>
    <image>
        <url>http://franklycurious.com//nucleus/nucleus2.gif</url>
        <title>Frankly Curious</title>
        <link>http://franklycurious.com/</link>
    </image>
    <item>
    <title>Categorizing Carl Linnaeus</title>
    <link>xml-rss2.php?itemid=5101</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20130523-carllinnaeus.jpg" width="150" height="181" alt="Carl Linnaeus" title="Carl Linnaeus" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />On this day in 1883, swashbuckler <a href="http://en.wikipedia.org/wiki/Douglas_Fairbanks">Douglas Fairbanks</a> was born. Actor, dancer, and musician <a href="http://en.wikipedia.org/wiki/Scatman_Crothers">Scatman Crothers</a> was born in 1910. The great meteorologist and Chaos Theory pioneer <a href="http://en.wikipedia.org/wiki/Edward_Norton_Lorenz">Edward Norton Lorenz</a> was born in 1917. And singer <a href="http://en.wikipedia.org/wiki/Rosemary_Clooney">Rosemary Clooney</a> was born in 1928.<br />
<br />
Actress <a href="http://en.wikipedia.org/wiki/Joan_Collins">Joan Collins</a> is 80 today. Chess grandmaster <a href="http://en.wikipedia.org/wiki/Anatoly_Karpov">Anatoly Karpov</a> is 62. <i><a href="http://www.amazon.com/Tuesdays-Morrie-Young-Greatest-Lesson/dp/076790592X/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1369367866&amp;sr=1-1&amp;tag=frankcurio-20">Tuesdays with Morrie</a></i> author <a href="http://en.wikipedia.org/wiki/Mitch_Albom">Mitch Albom</a> is 55. And <a href="http://en.wikipedia.org/wiki/Jewel_(singer)">Jewel</a> is 39.<br />
<br />
By a nose, the day belongs to botanist <a href="http://en.wikipedia.org/wiki/Carl_Linnaeus">Carl Linnaeus</a> who was born on this day in 1707. Linnaeus is the founder of the modern scheme of binomial nomenclature&mdash;the formal system for naming species. What I've always found so amazing is that the vast majority of species we categorized based upon attributes turned out to be dead right when we looked at genetics. As someone who is caught inside his own head and not very clear on the outside world, I find it amazing that others can see reality so clearly. It is hard to overstate his impact on biology.<br />
<br />
Happy birthday Carl Linnaeus!]]></description>
    <category>Science</category>
    <comments>xml-rss2.php?itemid=5101</comments>
    <pubDate>Thu, 23 May 2013 20:59:32 -0700</pubDate>
</item><item>
    <title>Chuck Grassley on Court Packing</title>
    <link>xml-rss2.php?itemid=5099</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20130523-chuckgrassley.jpg" width="150" height="190" alt="Chuck Grassley" title="Chuck Grassley" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />During the Great Depression, Roosevelt was very angry that the Supreme Court kept blocking his reforms. A slim majority on the Court was very conservative. (Sound familiar?) What could the president do? Well, he could <a href="http://en.wikipedia.org/wiki/Judicial_Procedures_Reform_Bill_of_1937">pack the court</a>. The number of people on the Supreme court is not stated in the Constitution. So Roosevelt threatened to add the number of seats on the court and fill them with pro-New Deal justices. Ultimately, this wasn't done for a few reasons&mdash;most notably the retirement of a conservative judge that gave the liberals a small majority. But the point is, "court packing" does not refer to the normal procedure of presidents filling open seats.<br />
<br />
Now you know more than Senator Chuck Grassley. In the debate over whether to allow Sri Srinivasan sit on the D.C. Circuit Court of Appeals, Grassley complained six times about Obama's supposed efforts at "court packing." He apparently thought that trying to fill vacancies was "court packing." We see this problem again and again. Start with a Senator of relatively limited mental acumen. Let them age past the 70-year cognitive decline. And watch the stupid fly!<br />
<br />
<a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/23/sorry-chuck-grassley-obama-isnt-packing-the-court/">Dylan Matthews</a> helpfully put together the following compilation of Grassley's embarrassment:<br />
<br />
<div style="text-align: center"><iframe width="450" height="253" src="http://www.youtube.com/embed/iNtLALGNTOk?rel=0" frameborder="0" allowfullscreen></iframe></div><br />
Now, I don't want to hear any complaints that most people don't know what "court packing" was either. This is true. I've asked a number of people and there is widespread confusion on the matter. Just the same, none of these people go around complaining that Obama is engaged in "court packing." They don't even do it in private. And they certainly don't have staffs that vet their talking points.<br />
<br />
Of course, Grassley's comments don't exist in a vacuum. He probably got them from a <i>Wall Street Journal</i> editorial over the weekend, <a href="http://online.wsj.com/article/SB10001424127887323628004578456872854815956.html">Packing the D.C. Circuit</a>. The editors too are confused on the matter, thinking that liberals' desire to fill the vacant seats as court packing. I am constantly amazed that modern conservatism has such a weak intellectual basis. Gone are the days of William F. Buckley. Now, the few good thinkers on the right are largely ignored. And the <i>Wall Street Journal</i> editorial page has long been nothing but a bastion of right wing freaks and conspiracy theorists.<br />
<br />
I understand that Rush Limbaugh bases his talk show on the ravings of the <i>Wall Street Journal</i> editorial page. But Chuck Grassley? With his large taxpayer provided staff? This is just sad.<br />
<br />
<b>Afterword</b><br />
<br />
<i>The Bell Curve</i> author Charles A. Murray is actually making the argument that African Americans are poor because they are stupid. People get confused about this fact, thinking that he's just some bigot. No. All the eugenic inspired ridiculousness is done in the name of an attack on Affirmative Action. But United States Senators (and plenty of other rich and "successful" people) are constantly showing that they are pretty dim. Where's the outrage over that?]]></description>
    <category>Politics</category>
    <comments>xml-rss2.php?itemid=5099</comments>
    <pubDate>Thu, 23 May 2013 16:04:29 -0700</pubDate>
</item><item>
    <title>God&apos;s Twitter Wisdom</title>
    <link>xml-rss2.php?itemid=5097</link>
    <description><![CDATA[Last week, <a href="https://twitter.com/TheTweetOfGod">God</a> tweeted out the following:<br />
<br />
<div style="text-align: center"><blockquote class="twitter-tweet"><p>Any atheist who retweets this is going to hell for eternity.</p>&mdash; God (@TheTweetOfGod) <a href="https://twitter.com/TheTweetOfGod/status/335622069825982466">May 18, 2013</a></blockquote><br />
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div><br />
Thus far, it has almost 10,000 retweets. Clearly, this is an example of retweet trolling. God knows how arrogant most atheists are. I am not, however. My mother used to say, "Don't tempt the gods." I think it's good advice, even if I don't happen to believe in any gods. Anyway, my ideas about the nature of reality are that even if this isn't a universe in which you die and go to the heaven of the God of Abraham, such a universe must exist at some point somewhere. Or not. Regardless, I'm hedging my bets.<br />
<br />
This morning, God tweeted another very smart thing (he's God after all):<br />
<br />
<div style="text-align: center"><blockquote class="twitter-tweet"><p>Why do bad things happen to good people? To balance out the good things that happen to bad people.</p>&mdash; God (@TheTweetOfGod) <a href="https://twitter.com/TheTweetOfGod/status/337619056351920128">May 23, 2013</a></blockquote><br />
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div><br />
That explains everything! Millions live without healthcare so that Dick Cheney can get a new heart (regular or artificial) whenever he needs one. Thanks God!<br />
<br />
<br />
]]></description>
    <category>Fun</category>
    <comments>xml-rss2.php?itemid=5097</comments>
    <pubDate>Thu, 23 May 2013 12:30:27 -0700</pubDate>
</item><item>
    <title>Rand Paul&apos;s Scary Numbers</title>
    <link>xml-rss2.php?itemid=5095</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20121205-randpaul.jpg" width="120" height="164" alt="Rand Paul" title="Rand Paul" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />Steven Dennis over at <i>Roll Call</i> goes after Rand Paul's use of <a href="http://blogs.rollcall.com/wgdb/rand-pauls-math-doesnt-add-up/">old talking points</a>. Paul is going around saying, "We are now borrowing $40,000 a second. We are borrowing $4 billion a day." Oh. My. God! Did he say "$4 billion a day"?! That's a Very Large Number! And as normal with these kinds of pronouncements, there is no context at all.<br />
<br />
Dennis reported that these numbers are no longer valid. With the huge decrease in the deficit, we are now borrowing half as much. But Rand Paul has not changed his talking points. I don't know what Dennis is expecting. So the government is borrowing only $2 billion a day? The amount does not matter. It could be $2 million a day. What Paul is really saying is, "We are borrowing mumble mumble a day! Are you not outraged!"<br />
<br />
Also note that Paul tweeted, "We borrow from China just to run the ordinary functions of government." That's technically true. But it is deceptive. The Chinese portion of <a href="http://franklycurious.com/index.php?itemid=2097">government borrowing</a> is 8%. The point is that Rand Paul has no interest in the budget or government borrowing. He just wants to scare everyone. "Look: big number!" It doesn't matter whether the number is right or not. He's deceiving people whatever the numbers are.<br />
<br />
A similar thing happened last year. Rand Paul was on a talk show with Paul Krugman. Paul said that government spending was up; Krugman corrected him. Afterwords, Paul found out the truth: while Federal spending was up, total government spending was down. He then proceeded to dismiss this because apparently, only federal government spending counts. Rand Paul never lets the facts get in the way of his talking points.<br />
<br />
Like most conservative zealots, Rand Paul is in a constant state of outrage about the government. Since he is ideologically committed to the idea that the government is by definition bad, he never looks at what the government does to figure out if any given part of it is good or bad. He just knows that it is all bad. And thus we get the comments like, "Do you know how much the government is borrowing?!" It's all context free. Rand Paul adds nothing to the policy debate, <a href="http://franklycurious.com/index.php?itemid=4235">even when he's right</a> about a particular policy.]]></description>
    <category>Politics</category>
    <comments>xml-rss2.php?itemid=5095</comments>
    <pubDate>Thu, 23 May 2013 11:18:09 -0700</pubDate>
</item><item>
    <title>Strangest Square Mile of Ocean</title>
    <link>xml-rss2.php?itemid=5093</link>
    <description><![CDATA[This is a remarkable video. It is beautiful. And it is proof that God is not good!<br />
<br />
<div style="text-align: center"><iframe src="http://player.vimeo.com/video/59168847?color=1db4c2" width="400" height="300" frameborder="0" webkitAllowFullScreen mozallowfullscreen allowFullScreen></iframe></div><br />
H/T: <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/23/the-weirdest-square-mile-of-ocean-on-earth/">Brad Plumer</a><br />
]]></description>
    <category>Fun</category>
    <comments>xml-rss2.php?itemid=5093</comments>
    <pubDate>Thu, 23 May 2013 10:18:06 -0700</pubDate>
</item><item>
    <title>Tea Partier: Louder Shouting Republican</title>
    <link>xml-rss2.php?itemid=5091</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20130420-teaparty.jpg" width="150" height="150" alt="Tea Party" title="Tea Party" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />Yesterday, Ed Kilgore wrote, <a href="http://www.washingtonmonthly.com/political-animal-a/2013_05/please_listen_up_political_rep044888.php">Please Listen Up, Political Reporters: What Ted Cruz Means When He Says He Mistrusts Both Parties</a>. In it, he took on Ted Cruz and his habit of claiming that he doesn't trust either political party. As Kilgore noted, "Does it mean, as political reporters often blandly repeat, that 'Tea Party' pols like Cruz are hardy independents who care about principle rather than about the GOP, and represent a constituency that is up in the air?" He provided two answers: "No" and "Hell no!"<br />
<br />
This is an issue that I've been <a href="http://franklycurious.com/index.php?itemid=4928">hammering on</a> for a while. The only difference between the Tea Party and the Republican Party is that the Tea Party is only made up of the stronger Republicans. So it makes no sense to even have a different name for the Tea Party; they are just the base of the Republican Party. What's interesting is that the Democratic Party has a progressive base too but no one labels it as a separate party. And that's strange when you consider that the this base is far more likely to abandon its party than the Tea Party is.<br />
<br />
As you all know, I am constantly disappointed in the Democratic Party. Yet when someone asks me, I tell them I am a Democrat. I think it is disingenuous to say otherwise. This comes from my many conversations with conservatives who claim to be "independent." (This doesn't tend to happen with liberals; the independents who tend toward the Democrats really are in the muddled middle.) You aren't an independent if you agree with everything the Republicans say but think they aren't quite pure enough. And that is exactly what Ted Cruz is all about.<br />
<br />
What the Tea Party movement was about from the beginning was the Republican base upset that it lost big in 2008. It was the outgrowth of the widely held opinion that the 2008 crisis and the presidency of George W. Bush were caused by not being conservative <i>enough</i>. There was also all that racial insecurity. "I'm losing control of my country!" I won't go as far as Bobcat Goldthwait who says they are just racists, "Obama's a... a... a Socialist! What's a Socialist? I don't know, but they like fried chicken." But there is a lot of that. The whole birther movement is not because Obama is black but because he is "other."<br />
<br />
Whenever talking about the modern Republican Party, all roads lead back to <i><a href="http://www.amazon.com/Monty-Pythons-Life-Brian-Immaculate/dp/B000VE439Y/ref=sr_1_2?ie=UTF8&amp;qid=1367518904&amp;sr=8-2&amp;tag=frankcurio-20">Life of Brian</a></i>. The only ones the People's Front of Judea hate more than the Romans are the Judean People's Front. So it is madness to suggest that the Tea Party is somehow independent of the parties. That makes it sound as if its members disagree equally with the two parties. But the fact is that they <i>always</i> (By definition!) disagree with the Democratic Party. And they <i>always</i> agree with the Republican Party. Except, of course, they shout louder. But what they shout is same thing.<br />
]]></description>
    <category>Politics</category>
    <comments>xml-rss2.php?itemid=5091</comments>
    <pubDate>Thu, 23 May 2013 09:54:58 -0700</pubDate>
</item><item>
    <title>Hamlet, Mary Cassatt, and the Robot Monster</title>
    <link>xml-rss2.php?itemid=5088</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20130523-marycassatt.jpg" width="150" height="216" alt="Mary Cassatt" title="Mary Cassatt" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />The great French landscape painter <a href="http://en.wikipedia.org/wiki/Hubert_Robert">Hubert Robert</a> was born on this day 1733. Inventor of the electromagnet and electric motor <a href="http://en.wikipedia.org/wiki/William_Sturgeon">William Sturgeon</a> was born 1783. Composer <a href="http://en.wikipedia.org/wiki/Richard_Wagner">Richard Wagner</a> were born in 1813. Sherlock Holmes creator <a href="http://en.wikipedia.org/wiki/Arthur_Conan_Doyle">Arthur Conan Doyle</a> was born in 1859.<br />
<br />
The great <a href="http://en.wikipedia.org/wiki/Laurence_Olivier">Laurence Olivier</a> was born in 1907. Most Americans probably remember him as the evil Nazi dentist Christian Szell in <i><a href="http://www.amazon.com/Marathon-Man-Dustin-Hoffman/dp/B00005M2CO/ref=sr_1_3?ie=UTF8&amp;qid=1369287877&amp;sr=8-3&amp;tag=frankcurio-20">Marathon Man</a></i>. Or for older people (or just lovers of old films), Heathcliff in <i><a href="http://www.amazon.com/Wuthering-Heights-Merle-Oberon/dp/B00AATUZQA/ref=sr_1_6?ie=UTF8&amp;qid=1369288078&amp;sr=8-6&amp;tag=frankcurio-20">Wuthering Heights</a></i>. And I most remember him in <i><a href="http://www.amazon.com/Sleuth-Laurence-Olivier/dp/B00005R24G/ref=sr_1_4?ie=UTF8&amp;qid=1369287912&amp;sr=8-4&amp;tag=frankcurio-20">Sleuth</a></i>. (Never, never, never watch the remake of <i><a href="http://www.amazon.com/Sleuth-Jude-Law/dp/B001221DU6/ref=sr_1_2?ie=UTF8&amp;qid=1369287912&amp;sr=8-2&amp;tag=frankcurio-20">Sleuth</a></i>.) But Olivier is probably most important for his work in first bringing Shakespeare to the screen in a compelling way. I'm not that fond of his films, actually. I think Welles (who was widely criticized relative to Olivier at the time) is better and more cinematic. But there is no doubt that the man can act. Here he is doing <i>that</i> scene from <i><a href="http://www.amazon.com/Hamlet-Criterion-Collection-Laurence-Olivier/dp/0780021312/ref=sr_1_17?ie=UTF8&amp;qid=1369288127&amp;sr=8-17&amp;tag=frankcurio-20">Hamlet</a></i>:<br />
<br />
<div style="text-align: center"><iframe width="420" height="315" src="http://www.youtube.com/embed/5ks-NbCHUns?rel=0" frameborder="0" allowfullscreen></iframe></div><br />
<a href="http://en.wikipedia.org/wiki/Phil_Tucker">Phil Tucker</a> was born in 1927. He was the director of a delightfully silly, but ultimately terrible film, <i><a href="http://www.amazon.com/Robot-Monster-George-Barrows/dp/B00004Y7GR/ref=sr_1_1?ie=UTF8&amp;qid=1369288190&amp;sr=8-1&amp;tag=frankcurio-20">Robot Monster</a></i>. That's the film where the villain is a guy in a gorilla suit with a diving helmet. It's easy to laugh at, but Tucker got it produced and the film made a lot of money. Here is the trailer:<br />
<br />
<div style="text-align: center"><iframe width="420" height="315" src="http://www.youtube.com/embed/cq9IKsH9BXg?rel=0" frameborder="0" allowfullscreen></iframe></div><br />
And <a href="http://en.wikipedia.org/wiki/Harvey_Milk">Harvey Milk</a> was born in 1930. He was one of the most important gay rights advocates ever. In San Francisco he is a legend. And he would likely be alive today if it weren't for the unstable Dan White.<br />
<br />
<a href="http://en.wikipedia.org/wiki/Bernie_Taupin">Bernie Taupin</a> is 63 today.<br />
<br />
The day, however, belongs to the great American impressionist <a href="http://en.wikipedia.org/wiki/Mary_Cassatt">Mary Cassatt</a> who was bore in 1844. I don't have a lot to say about her. Look:<br />
<br />
<div style="text-align: center"><img src="http://franklycurious.com/media/1/20130523-thechildsbath.jpg" width="393" height="599" alt="The Child's Bath" title="The Child's Bath" /></div><br />
Happy birthday Mary Cassatt!<br />
<br />
<b>Update (23 May 2013 12:52 am)</b><br />
<br />
I just watched <i>Robot Monster</i> again. I take back "terrible." It is actually an amazing little film. It has pretty much all of the problems of low budget films of that time, but it has a few positives. The acting isn't bad. And it is truly bizarre in a delightful way. It is also filled with lots of unintentional gems like the whole marriage ceremony. I always love how movies of that time were filled with scientists who were very serious about their Christianity. Anyway, check it out if you get a chance.<br />
]]></description>
    <category>Art</category>
    <comments>xml-rss2.php?itemid=5088</comments>
    <pubDate>Wed, 22 May 2013 23:04:08 -0700</pubDate>
</item><item>
    <title>Ryan Cooper Educates Michael Kinsley</title>
    <link>xml-rss2.php?itemid=5085</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20130522-ryancooper.jpg" width="150" height="150" alt="Ryan Cooper" title="Ryan Cooper" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />Over at <i>Washington Monthly</i>, Ryan Cooper wrote a nice, easygoing response to Michael Kinsley. As you may know, last week, Kinsley wrote, <a href="http://www.newrepublic.com/article/113220/paul-krugmans-misguided-moral-crusade-against-austerity">Paul Krugman's Misguided Moral Crusade Against Austerity</a>. In it, he tried to argue that the pro- and anti-austerity forces weren't that much in disagreement. There were two problems with this. First, he made the major mistake of putting economics in a moral context. He made the critical error of writing, "I don't think suffering is good, but I do believe that we have to pay a price for past sins, and the longer we put it off, the higher the price will be." Kinsley was particularly attacked for that by <a href="http://economistsview.typepad.com/economistsview/2013/05/kinsleys-howlers.html">various great minds</a>. I also <a href="http://franklycurious.com/index.php?itemid=5050">attacked him</a>.<br />
<br />
The second problem with Kinsley's article is perhaps even worse, although it hasn't gotten as much attention. It is just not the case that the pro- and anti-austerity forces are largely in agreement. I discussed this last year regarding a debate of sorts between anti-austerian Paul Krugman and pro-austerian Niall Ferguson on <i>Fareed Zakaria GPS</i>. <a href="http://franklycurious.com/index.php?itemid=1255">I wrote</a>:<br />
<br />
<div style="padding: 10pt; margin: 0px; border: 1px solid black;">After interviewing both men, Zakaria came on alone to give his thoughts on what should be done. He said he agreed with both men. We should stimulate the economy now and work to close the budget deficit over the long-term. You can probably already see the problem here. Although he claimed that he agreed with both men, he only really agreed with Krugman. What Zakaria was proposing was exactly what Krugman had said. Ferguson didn't say we needed to balance the budget <i>eventually</i>; he said we needed to do it <i>now</i>.</div><br />
And this is what Kinsley wrote. It is what austerity apologists always say: the anti-austerians are right that we need stimulus <i>now</i> but the pro-austerians are also right that we need austerity <i>later</i>. <i><u>That's what the anti-austerians say!</u></i><br />
<br />
Cooper rightly notes that what Kinsley is really worried about is debt causing inflation. If you feel a little marginal about this stuff, I suggest reading the article. It is short and, I thought, very clear. What I want to focus on <i>is</i> this supposed connection between debt and inflation that the austerians are so concerned about. Check out this graph that shows bond rates since 2000:<br />
<br />
<div style="text-align: center"><img src="http://franklycurious.com/media/1/20130522-10yrtreasuries.png" width="430" height="258" alt="10 Year Treasury Bonds Time Series" title="10 Year Treasury Bonds Time Series" /></div><br />
Look at the extremes: 2000 and 2013. In 2000, our debt was low <i>and getting lower</i>. Yet the treasuries&mdash;the amount the federal government had to pay to borrow money&mdash;was high: almost 7%. In 2013, our debt is high <i>and getting higher</i> (although at a slowing rate). Yet the treasuries are low: about 1.5%. This is not an argument for federal debt causing high inflation. Of course, what's really going on is that in 2000, the economy was doing great. The private sector was investing and thus there wasn't a lot of spare cash around for borrowing. Now, the economy is doing poorly. The private sector isn't investing that much. Instead, they are sitting on piles of cash looking for any safe way to use it. The safest way is in US treasury bonds.<br />
<br />
We know, however, that most of the people who push economic austerity are <i>not</i> doing it out of concern for inflation. That is all a ruse. Instead, austerity and the fear of inflation is used to justify harming liberal policies. Of course, that's not what's going on with Kinsley. He's just been fooled and frightened by those who want to destroy programs that Kinsley himself believes in. It's sad.<br />
<br />
<b>Afterword</b><br />
<br />
Cooper's article is actually about a brand new Kinsley article where he defends himself against Krugman and his "attack dogs." I thought a lot more of Kinsley before I read it. He doesn't seem to understand that the reason everyone imputes bad motives to the austerians is that neither economic theory nor economic facts support their position. I hope that Cooper's article will help in that regard. But I doubt it. In the new article, Kinsley spews a lot of nonsense that I would think he would be smarter than. I'm afraid he's lost all perspective.<br />
<br />
<b>Update (22 May 2013 9:18 pm)</b><br />
<br />
One more thing. Kinsley seems to think that his austerity obsession is okay, because <i>he</i> thinks that the way to balance the budget is to raise taxes. That's sweet. But it's also naive. Austerity is overwhelmingly a conservative movement. That means that if austerity wins the policy debate, we are going to get something like the Ryan Budget, not the Progressive Budget.<br />
<br />
None of that really matters, however. The point is the austerity position is <i>wrong</i>. If Kinsley got his wish and we balanced the budget with tax increases, it would still hurt the economy. And that's what all this about: what is best for the economy. And the austerians are provably wrong.<br />
]]></description>
    <category>Politics</category>
    <comments>xml-rss2.php?itemid=5085</comments>
    <pubDate>Wed, 22 May 2013 21:13:43 -0700</pubDate>
</item><item>
    <title>Fed Might As Well Have Single Mandate</title>
    <link>xml-rss2.php?itemid=5083</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20120621-benbernanke.jpg" width="100" height="125" alt="Ben Bernanke" title="Ben Bernanke" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />Matt Yglesias is very insightful about the Federal Reserve. Last year, he asked an incredibly <a href="http://www.slate.com/blogs/moneybox/2012/06/20/my_question_for_ben_bernanke_what_if_inflation_were_8_2_percent_.html">important question</a>, "If the unemployment and inflation rates were reversed, would the Fed do something about it?" The point is that the Federal Reserve has a dual mandate to keep both inflation and unemployment low. Yet all the Fed seems to care about is inflation. At the time he said that, inflation was 2% and unemployment was 8%. If it were the other ways around, the Fed would be working hard to cool the economy down. But they are perfectly happy with the way things were (and are).<br />
<br />
There is some talk among conservatives that the Fed should have a single mandate: keep inflation low. The idea is that the Fed shouldn't worry about employment at all. Note that this is an idea that is designed to help the rich. Inflation hurts people who have a lot of money. Unemployment hurts people who have to work for a living. By saying that the Fed should only worry about inflation, the conservatives are telling us everything we need to know about them: they are policy hacks for the rich.<br />
<br />
But today, Minnesota Senator Amy Klobuchar asked the Federal Reserve Chairman Ben Bernanke how the Fed would act differently if it <i>did</i> have the single mandate. <a href="http://www.slate.com/blogs/moneybox/2013/05/22/klobuchar_asks_the_question_on_the_federal_reserve_and_the_dual_mandate.html">Yglesias rightly noted</a> that after much bobbing and weaving, the Fed chair said that he wouldn't do anything differently. And that's important, if not surprising. We have long known that the Fed didn't seem to think that 8% unemployment was anything to worry about. After all, none of the members of the Fed even know anyone who is out of a job.<br />
<br />
Even Bernanke notes that he currently thinks that inflation is too <i>low</i>. Well, his primary tool regarding raising inflation is gone: he can't lower interest rates anymore. So the only way to raise interest rates is to convince the finance community that inflation is <i>coming</i>. And the only way to do that is to convince them that the economy is improving. So if Bernanke wants to bring inflation up, he should work on bringing unemployment <i>down</i>. But he's not very interested in that subject.<br />
<br />
I suspect that he thinks that the power elite (the only people who matter) will never attack him for keeping inflation too low. But I'm not sure that's true. In the next 20 years (while Bernanke is still alive), important people may well look back and say, "That guy just allowed the crisis to go on and on, ruining the lives of millions of people. All because he was afraid of angering the bankers. What an awful person <i>and</i> central banker." Regardless, I doubt it is as simple as he thinks. And future generations will look back at him as a failed Fed chair. Sometimes caution is a bad thing. We don't want cautious fire fighters. We don't want cautious central bankers in the wake of a terrible financial crisis.]]></description>
    <category>Politics</category>
    <comments>xml-rss2.php?itemid=5083</comments>
    <pubDate>Wed, 22 May 2013 17:03:12 -0700</pubDate>
</item><item>
    <title>&quot;You Gotta Thank the Lord, Right?!&quot;</title>
    <link>xml-rss2.php?itemid=5081</link>
    <description><![CDATA[<img src="http://franklycurious.com/media/1/20121024-god.jpg" width="75" height="105" alt="God - Michelangelo" title="God - Michelangelo" align="left" style="padding-right: 10px; padding-bottom: 10px; border: 0px;" />"You gotta thank the Lord, right?!" Am I right?! Really! The Lord! You gotta thank him?! Right?! Right?!<br />
<br />
As the tornado was bearing down on Moore, Oklahoma, <a href="http://www.latimes.com/entertainment/tv/showtracker/la-et-st-wolf-blitzer-atheist-oklahoma-cnn-20130522,0,4513243.story">Rebecca Vitsmun and her infant son</a> were waiting it all out in their bathtub. But as Vitsmun watched the coverage on her laptop computer, she became convinced that the storm was coming right toward them. So she put her son in the car and drove off in the opposite direction. And they survived! But when they got back, the house was destroyed.<br />
<br />
That's when CNN anchor Wolf Blitzer showed up. He interviewed the young mother and asked what any objective journalist would, "You gotta thank the Lord! <i>Do</i> you thank the Lord? For that split-second decision?" Vitsmun seemed a bit uncomfortable. "I'm, I'm, I'm..." she stuttered. And then, giving him a big smile said, "I'm actually an atheist."<br />
<br />
So I guess that split-second decision had more to do with watching the news and making a rational decision rather than, say, getting telepathic advice from Odin.<br />
<br />
Here's the clip. It is a lot of fun for two reasons. First, of course, is the very awkward Wolf Blitzer. Second, is the wonderfully bright and happy atheist<br />
<br />
<div style="text-align: center"><iframe width="450" height="253" src="http://www.youtube.com/embed/0LP3Zs_V_BQ?rel=0" frameborder="0" allowfullscreen></iframe></div><br />
In a broader context, this is a horrifying instance of journalistic malfeasance. Blitzer is hectoring this poor woman. In fact, he first says, "You gotta thank the Lord!" Vitsmun says in a very meek voice, "Yeah." It is only when he pushes her that she decides to make an issue of it. And good for her! This is one of the few times that a journalist is completely nailed for his cultural prejudices. It's great to see.<br />
<br />
It might have been interesting if Blitzer had asked the song, "You gotta thank mom, right?!" Damned right!<br />
]]></description>
    <category>Politics</category>
    <comments>xml-rss2.php?itemid=5081</comments>
    <pubDate>Wed, 22 May 2013 15:15:11 -0700</pubDate>
</item>
  </channel>
</rss>