Sojka's Call

A stupid analogy because I cannot think of a better one right now is that when you first heat butter it is milky looking and then starts to bubble and until the bubbling stops you cannot see the bottom of the pan. This morning I saw the bottom of a couple pans. The first one was thanks to a post over on Naked Capitalism where Yves Smith writes about one of the Right's favorite boobs and the left's Economic policy leader, Paul Krugman. The really interesting part of this post was the distinction between fiscal and monetary policy . Basically, Krugman and Summers argue in a NY Times article , for a couple things: First that since it is impossible to balance government spending we must inflate our way out of the budgetary mess we are in, and; Second, since there is no Real economic growth at this time, it makes sense to create economic bubbles. You should read the NY Times article Secular Stagnation, Coalmines, Bubbles, and Larry Summers so you know I did not make this up. B...

This is incendiary talk from David Brin : Despite all the pundit-ravings about a "civil war within the GOP," The 21st Century Republican Party remains (for now at least) the most tightly disciplined political force we have seen in American political life since the "solid south" of the old Dixiecrats, seventy years ago. Pundits tell us that discipline and the Hastert Rule are maintained by fear of Tea Party insurrections in next spring's GOP primary. Don't you believe the pundits. In fact, nothing happens in the Tea Party without say-so from Fox News. Fox is co-owned by Rupert Murdoch and several Saudi princes who have made their agenda clear. The government of the United States of America, which has functioned -- overall -- far better than anything else the world ever saw , helping to lead a consortium of other free nations and peoples to transform civilization for the better... that government and even the concept of "government" must be unde...