Re: Mother, mother, mother - there's too many of you crying.
 

Read the thing I linked to yesterday, and then say why the author is overstating the effects of international trade on the political economy.

Re: Mother, mother, mother - there's too many of you crying.
 

I'd favor a guaranteed income. Redistribution via govt (agencies doling the $$$ out in a complex fashion) I do not favor.

I'd pay a lot more in taxes if I could simply give it to a poor person directly.

My objection is to the apparatus used, not redistribution.

As usual, I desire an option Not On The Menu.

Re: Mother, mother, mother - there's too many of you crying.
 

Two thoughts.

Give automation some time to work on those items. The professional classes' day of reckoning is coming, quickly. If not here already.

The service sector is comprised of a ton of shit, low pay jobs. Its growth outpacing all other sectors since 2008 is not something to be celebrated.

Re: Mother, mother, mother - there's too many of you crying.
 

As always, the perfect is the enemy of the good.

https://s-media-cache-ak0.pinimg.com...80a5104872.jpg

Re: Mother, mother, mother - there's too many of you crying.
 

Do you understand how insulting this should be to you and all the others posting here?

Re: Mother, mother, mother - there's too many of you crying.
 

You understand that guaranteed income is redistribution via govt (agencies doling the $$$ out), right?

What you really mean is that you think the efficiency of just handing out cash is preferable even though it comes without the political compromise involved in assisting the poor and advancing the interests of food producers and owners of housing.

I do too in the abstract, but I also live in the real world where the fact the food stamps also benefit agribusiness makes them significantly more politically viable.

1. Liar.

2. No one is stopping you from giving those dollars over to a poor person right now. Heck, we're actually subsidizing you to do it.

You know that this does not absolve you of anything, right?

Re: Mother, mother, mother - there's too many of you crying.
 

Re: Mother, mother, mother - there's too many of you crying.
 

You're responding to comments about globalization. So sticking with that, no, your tax preparer isn't going to be in India nor is your wife's nail salon. The former could, but why? The latter can't. There are many other similar businesses.

And of course automation is another reason some of those won't move overseas. Yes, it's going to make literally everything different, but not nearly as quickly as you think.

The professional classes will spend less time reading and drafting documents. But the job of senior lawyers and investment bankers is to hold clients' hand as much as anything. A machine can't do that.

Re: Mother, mother, mother - there's too many of you crying.
 

today is a no-scroll day. I don't remember the article, but if you want to link I'll see.

I have no doubt trade has many effects, but many of them, and an increasing number today, are very positive.

Re: Mother, mother, mother - there's too many of you crying.
 

On a different note, and conceivably of interest only to me, is this (via Matt Levine's email):

One of the drivers of the financial crisis was that the demand for safe assets outstripped supply and so the finance sector tried to create new supplies of safe assets, which weren't, as it turned out. The above suggests to me that the imbalance is structural and that the problem will recur.

Re: Mother, mother, mother - there's too many of you crying.
 

Henry Farrell at Crooked Timber; the thing he's responding to is worth the time too.

Re: Civil Asset Forfeiture
 

http://68.media.tumblr.com/54963d2cb...snvdw1_500.jpg

"It's all grey. It's all subjective."

Brilliant! And you can do this with almost anything? What's your secret?

TM

Re: Mother, mother, mother - there's too many of you crying.
 

My god, that is some truly atrocious and obtuse writing. I am convinced of nothing other than that the writer is a very serious academic tool who is unlikely to ever convince me of much.

That should be part of a "how not to write" seminar.

Re: Mother, mother, mother - there's too many of you crying.
 

Time to raise the debt ceiling and grow the deficit!

Although I guess I had understood that China's savings rate has declined as it's grown more prosperous overall. If that's true, it's a bit of mitigation.

I'm no longer close enough to Wall Street to know whether new products have been created to pose as safe assets the way mortgage and asset-backed products grew a decade ago.

Re: Mother, mother, mother - there's too many of you crying.
 

I wasn't that troubled by writing, but I did get bored and stop reading, so...