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Stuff I read and stuff
- The game theory of the ‘fiscal cliff’. Gives me a headache. Just go over it and see what happens! (I bet, not much.)
- See, to his ‘credit’ (I guess), Matthew Yglesias is being consistently pop-Keynesian in his approach to this ‘cliff’ stuff: spending is ipso facto good because it is ‘stimulus’ and that ipso facto helps the economy; tax revenue is a means to this good-economy-helping-spending; etc. If you too are a pop-Keynesian then sure you should be all hugely worried about this ‘cliff’ stuff and insist that some ‘deal’ be sorted out. Why (R)s would fall into that trap is beyond me, but I guess they aren’t called the stupid party for nothing.
- TSA and statist pricks
- I usually agree with Steve Sailer more than it’s possible to admit in polite company, but I will never understand why he is so obsessed with steroids in baseball and has so much trouble separating the purpose/goals/function of statistical analysis from that of hey-they’re-on-steroids! analysis.
- I recognize that the ‘if you don’t legalize gay marriage, we lesbians will marry your boyfriends’ video is a joke, but actually, I don’t see what would be so wrong with any of that. Lesbians should totally marry dudes if they wanna. Historically, I’m pretty sure that went on all the time and was a fine arrangement. This is why I have always insisted that ‘gay marriage’ is and has always been perfectly legal: sure, gay people, get married. Be my guest. Gays always have! What’s the prob?
- Some stubborn people are still not buying the Benghazi story. Hey, remember that? Way back when?
- Basel III will incentivize banks to hold more short duration securities and less Treasuries/MBS. Because, uh, that’s what we want of banks. I mean, surely someone thought all this out and the Basel approach to capital isn’t just a matter of flinging a model against the wall and seeing which incentives pop out. Right?
- Obamacare is starting to happen to people, it would appear.
- Falkenstein explains the perils of winding down. I wish this were more understood by decisionmakers. At the margin, it means that in practice there will be cases where winding-down a business is more costly than not doing so. “Let’s just wind it down!” is an easy, lazy, utopian option that can do more harm than good. It often means the person making the decision hasn’t and doesn’t wanna dig into the details: easier just to (they think) instantaneously turn that part of the report into a bunch of 0s. Problem solved! Only, not really.
- I’m greeting the news/speculation of more Star Wars ‘Episodes’ and/or spinoffs with a mixture of excitement and dread. I want to like the idea of more movies, but there are just so many ways they can be screwed up. And from everything I’ve ever seen/heard of Star Wars’s ‘expanded universe’, the novels, Luke’s kids, Han’s kids, etc., it all sounds supremely cartoonish. I do not need to see movies about cartoonish video-game characters “Kyle Katarn” or “Mara Jade”. I could write more (endlessly) about this, but basically, cartoonishness is exactly where Star Wars started to go wrong (not just the prequels, but Return of the Jedi as well). Worse, this ‘spinoff’ idea just screams ‘the origin story of some cartoonish Jedi with a weird head’, or, ‘the early adventures of Boba Fett’. Just no. ACTUAL HUMAN CHARACTERS PLEASE. Do people still not get what went wrong with the prequels?
- Feel the power of The Dark Enlightenment.
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