Krugman: the Laputan?

Krugman opines thusly:

So new budget projections show a cumulative deficit of $9 trillion over the next decade. According to many commentators, that’s a terrifying number, requiring drastic action — in particular, of course, canceling efforts to boost the economy and calling off health care reform.
The truth is more complicated and less frightening. Right now deficits are actually helping the economy. In fact, deficits here and in other major economies saved the world from a much deeper slump. The longer-term outlook is worrying, but it’s not catastrophic.

I retort:


In the rarified precincts of ivory tower of Nobel Prizedom, (or rather Nobel Prizedumb) the erosion and collapse of the manufacturing base means less than nothing to such high falluting intellects, of course. The fact that the government has encumbered itself with the greatest speculative bubble known as derivative securities to the tune of untold hundreds of trillions, why that is irrelevant saith these Laputan folk. Besides Hamilton's report on manufactures where he establishes that there exists a physically productive economy and attacks Smith's Wealth of Nations by name is so 18th century. "Why we live on our floating island of Laputa on information alone now" they declaim commiserating with my ignorance. But why should I cast these topics before such celebrated professors in the first place? A fools errand I'm sure.

Monkeyshines

Flash -- this just in:

(PhysOrg.com) -- Entropy can decrease, according to a new proposal - but the process would destroy any evidence of its existence, and erase any memory an observer might have of it. It sounds like the plot to a weird sci-fi movie, but the idea has recently been suggested by theoretical physicist Lorenzo Maccone, currently a visiting scientist at MIT, in an attempt to solve a longstanding paradox in physics.

This thesis parallels the monkeys typing a Shakespeare play in infinite time. It proves that given even an infinite amount of time a physicist of the reductionist sort will never discover that he has a brain. I.e., the human mind is proof of a non entropic process (when its applied, that is.)

Prometheus Rebound

These days there are some pretty savvy global warming researchers. Sometimes I am awestruck. The latest just in is a dandy, indeed. It seems that Zeus is the original environmentalist. Who knew? What do you mean with such blunderbus you ask? I can't make this stuff up, I retort.

"Agricultural methods of early civilizations may have altered global climate, study suggests

Massive burning of forests for agriculture thousands of years ago may have increased atmospheric carbon dioxide enough to alter global climate and usher in a warming trend that continues today, according to a new study that appears online Aug. 17 in the journal Quaternary Science Reviews."

Why does this involve purely mythological figments like Prometheus and Zeus? Stay with me here. Prometheus was worshiped as one of the older Titanic gods that rivaled Zeus. His sin was giving mankind fire. You see his brother Epimetheus must have been a fraud or have doublecrossed Prometheus. (He was the one who had the gift of foresight.) He should have known that fire would eventually doom mankind through global warming.

Now this puts Christianity in a whole new light. It turns out that all this talk about the meek inheriting the earth is hokum. They are for the big multinational polluters in reality. Bring back Zeus, bring back Gaia. Io Pan, io pan! Yo' mama. Big mama.

Obamacide?

Let's see if I get the Obamacide health care bill rationale correct: Insurance companies are rationing healthcare. Rationing health care leads to people unnecessarily ill or dead. That's bad. The oversight board set up by the healthcare legislation will have the final say on appropriate coverage for patients. That means rationing care (or "triage", if you prefer). Now the government can take over from the greedy insurance companies that are causing patients to go without health care. In the current budgetary crisis we must have a major cutbacks on health care costs. Why? Because we are spending trillions to bail out too big to fail banks (e.g. Goldman Sachs) and insurance companies' (viz. AIG) gambling debts (also known as derivative securities). Therefore I believe now our liberal government under Obama wants to be brought into the business of doing evil liberally in its own right. Bravo!

Obfuscations abound

Dr. Ezekiel Emanuel, Obama's top advisor on the healthcare overhaul, says he opposes euthanasia. But when you read his actual writings it is clear that he thinks some lives have more value than others. For example, the elderly have less value because they have less years of productivity left. This logic is absolutely consistent with the idea of useless eaters propagated by Dr. Josef Mengele's Nazis. Now who is obfuscating whom?

Common Sense

Let me add a little something here to the healthcare debate, if I may. We just bailed out an insurance behemoth AIG to the tune of oh $100 billion or so. Mr. Obama wants to save $200 billion on Medicare. Can none of you left wing or right wing fools see the connection here? When money is put ahead of humanity the economics of scarce resources leads inevitably to tyranny. The war reparations placed upon Germany after WWI lead to the bestial final solution. The logic of bailing out criminal speculators too big to fail leads down that same path. If you are not able to understand this it is because you refuse to look this evil in the eye. It really is just that simple. Thank you.

A Fishy Story

One fine morning in Washington, D.C. Barack Obama awoke to find himself metamorphozed into a large fish. He immediately panicked and reasoned thusly: "I must now get help to put myself in water or I will surely drown". (He not being used yet to living life as a fish really should have thought suffocate instead of drown.) So he began flapping for all he was worth. Soon he tumbled to the ground of the Presidential bedroom. Immediately at the door appeared a wide eyed secret service agent named Bill. Bill guffawed. "This must be the biggest practical joke ever played in the White House ever'" he thought. "Well, I guess I'd better just play along." So with almost super human strength he bounded forth and scooped up the large fish and ran out of the room.

Barack meanwhile was gurgling bubbles through his gills and thinking to himself, "I think I can get out of this jam now, because Bill is going to find me some help." Sure enough, Bill ran to the Presidential fish tank and gently eased Barrack into its confines. Barack felt very peculiar as he slid into the tank as well he might, having only been just turned into a fish. He did his best to scream at Bill that he was the President, but no sound at all came out of his mouth no matter how hard he tried.

"At least I'm alive," he resignedly thought to himself after a long pause. "Maybe there's a way out of this. If I can only retrace my actions from yesterday. Maybe there will be some kind of explanation. There must be some kinda way out of here. Think Barack! Think! What could have lead to this? What was I doing that wound me up transformed into a fish. What kind of cruel magician could have cast this spell on me?" These thoughts were running over and over in his head while he swam back and forth in wide circles in the fish tank.

In the meantime, a large group of secret service men gawked at him from the outside. They were frantically talking to each other on their Blackberries. "We cannot locate the President," were the words that went crackling over the airwaves. "We are on full alert. Only Cosmic Clearance and family will be informed. Let's get Biden down here now."

To be continued.

Napoleon's Detractor

ETA Hoffmann is said to have lost his government post when he caricatured the French occupiers of his homeland. I wonder if someone is being dismissed at this instant for some saucy Obama as Hitler cartoons. Hmm...

An Unhealthy Dilemma

Now let me see. Obama when questioned on the charge that his health care reform will mean rationing shoots back that health care is already being rationed. I will now try to reason through this logically to see if this is true, because I believe we can come to some meeting of the minds so to speak. When my elderly mother had a benign brain tumor removed a few years back, she did not have to succumb to any outside board inquiring whether such an operation would be cost effective. Medicare was not under any such mandate. Therefore, her treatment had no taint of being rationed whatsoever. Now, correct me, I beg of you, if I am wrong here, but wouldn't the current legislation (or the one that Peter Orzag desires) set up just such an oversight board to determine whether her operation would be cost effective from the standpoint of metrics like life expectancy, quality of life, and other such rubrics? In fact, I know I will be accused of engaging in the logical fallacy of slippery slope here, but isn't this the essence of the meaning of the term "Useless Eaters" that the Nazis used during their reign of terror? And isn’t the same type of statistical manipulation that Dr. Emanuel engages in with his "lifeboat ethics" type discussions in the New York Times which also underlies the mathematics of the so called “quants” that led us to the collapse of the speculative bubble. And why is it that we simply had to bail out insurance behemoth AIG to the tune of hundreds of billions of dollars (much of which is why Goldman Sachs is doing so well today) without flinching, but can't afford too expensive medical procedures on the other hand? Please would Mr. Obama or his any of his surrogates like to enlighten me in my state of confusion on these issues?