tag:blogger.com,1999:blog-218274652024-03-07T19:54:04.952-08:00Phrases BeautifullyDrink your juice, Shelby!Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.comBlogger49125tag:blogger.com,1999:blog-21827465.post-35164400427117697192011-08-07T07:31:00.000-07:002011-08-07T07:31:34.556-07:00Spending in Disguise > Publications > National Affairs<a href="http://nationalaffairs.com/publications/detail/spending-in-disguise">Spending in Disguise > Publications > National Affairs</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-38205459356619250902011-07-15T08:15:00.000-07:002011-07-15T08:15:19.053-07:00Born Toward Dying | First Things<a href="http://www.firstthings.com/onthesquare/2009/01/born-toward-dying">Born Toward Dying | First Things</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-90088137108752286182011-07-15T07:53:00.000-07:002011-07-15T07:53:10.246-07:00How American Medicine Is Destroying Itself | The New Republic<a href="http://www.tnr.com/article/economy/magazine/88631/american-medicine-health-care-costs?page=0,0&passthru=ZDY1YmFhOTg2YzhmMWE2Njg2MTMzNmM1OWUyYmUyMDQ">How American Medicine Is Destroying Itself | The New Republic</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-45056615414337687452011-07-15T07:23:00.000-07:002011-07-15T07:23:16.690-07:00The Good Short Life With A.L.S. - NYTimes.com<a href="http://www.nytimes.com/2011/07/10/opinion/sunday/10als.html?pagewanted=1">The Good Short Life With A.L.S. - NYTimes.com</a>: "- Sent using Google Toolbar"<br /><br />This is me. It's how I want to approach death.Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-12360127155055333632011-07-04T01:33:00.000-07:002011-07-04T01:33:59.380-07:00Something Out Of Nothing That Wasn't Nothing<a href="http://feedproxy.google.com/%7Er/andrewsullivan/rApM/%7E3/eW9ePfjRD0U/something-out-of-nothing-that-wasnt-nothing.html">Something Out Of Nothing That Wasn't Nothing</a>: "<p><iframe src="http://www.youtube.com/embed/f1O66XsbrOA" frameborder="0" height="310" width="515"></iframe></p><br /><p><span style="font-size:8pt;"><em>by Zoë Pollock</em></span></p><br /><p><em> </em>Josh Rothman <a href="http://www.boston.com/bostonglobe/ideas/brainiac/2011/06/the_big_nothing.html">summarizes</a> the origins of the universe from Peter Atkins' <em><a href="http://www.oup.com/us/catalog/general/subject/Philosophy/Methodology/?view=usa&ci=9780199603367">On Being</a></em>:</p><br /><blockquote><br /><p>The Big Bang merely separated out a uniform state of chargelessness into many individual instances of charge, positive and negative. The same goes for matter and energy generally: the total amount of matter and energy in the universe seems to be balanced out by huge amounts of "dark matter" and "dark energy," which express themselves in terms of gravitational attraction. The Big Bang didn't create all that energy, as such. Instead, it seems to have turned an initial Nothingness into a "much more interesting and potent" Nothingness -- a "Nothing that has been separated into opposites to give, thereby, the appearance of something."</p><br /></blockquote><br /><br /><br /><blockquote>The main point is that the Big Bang doesn't mark, necessarily, the creation of something out of nothing. If that happened at all -- and it may be, Atkins points out, that there was has never been <em>absolutely</em> Nothing, in a total sense -- then it probably happened further back in the pre-cosmological past. Instead, it marks the emergence of texture, differentiation, and particularity out of even, unchanging featurelessness.</blockquote><br /><p>(Video: Timelapse from the Atacama Desert, in Chile, that has been digitally rotated so that the stars stay steady while the earth rotates, <a href="http://apod.nasa.gov/apod/ap110601.html">via NASA</a>.)</p><div><br /><a href="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?a=eW9ePfjRD0U:_bFaM55fNpM:H0mrP-F8Qgo"><img src="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?d=H0mrP-F8Qgo" border="0" /></a><br /></div><img src="http://feeds.feedburner.com/%7Er/andrewsullivan/rApM/%7E4/eW9ePfjRD0U" height="1" width="1" />"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-77014668997346933132011-07-01T09:55:00.000-07:002011-07-01T09:55:48.698-07:00A New Set Of Pre-Existing Conditions<a href="http://feedproxy.google.com/%7Er/andrewsullivan/rApM/%7E3/IL3ua4wCRGs/pre-existing-conditions-coded-into-your-dna.html">A New Set Of Pre-Existing Conditions</a>: "<p>Ezra Klein <a href="http://www.washingtonpost.com/blogs/ezra-klein/post/the-coming-explosion-in-health-inequality/2011/05/19/AGpbcApH_blog.html">contemplates</a> genome-based medicine. Matt Steinglass <a href="http://www.economist.com/blogs/democracyinamerica/2011/06/genomics-and-health-care-inequality">worries</a> about the health insurance implications:</p><br /><blockquote><br /><p>Part of the logic behind insurance is that it's a risk pool; none of us knows when we're gonna go, so we agree to split the costs. But genetic profiling may increasingly give each of us our own set of pre-existing conditions, good or bad. And that may test people's willingness to chip in for the health costs of their fellow-citizens. When "it coulda been me" turns into "nope, it couldn't", we may start seeing...hm, I was about to say "a breakdown in social solidarity", but then I remembered we're talking about America here. How about "even less willingness to do anything for people who aren't as lucky as you are."</p><br /></blockquote><div><br /><a href="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?a=IL3ua4wCRGs:lzvMu5WIHmI:H0mrP-F8Qgo"><img src="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?d=H0mrP-F8Qgo" border="0" /></a><br /></div><img src="http://feeds.feedburner.com/%7Er/andrewsullivan/rApM/%7E4/IL3ua4wCRGs" height="1" width="1" />"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-28962789241187756362011-06-30T06:26:00.000-07:002011-06-30T06:26:36.519-07:00Why Companies Are Buying Equipment, Not Hiring People - NYTimes.com<a href="http://economix.blogs.nytimes.com/2011/06/10/man-vs-machine/">Why Companies Are Buying Equipment, Not Hiring People - NYTimes.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-18707407171750753562011-06-29T20:31:00.000-07:002011-06-29T20:31:35.679-07:00The Hard Road To Higher Ed Innovation<a href="http://feedproxy.google.com/%7Er/matthewyglesias/%7E3/Vnl-bLFaYpo/">The Hard Road To Higher Ed Innovation</a>: "<p><em>By Matthew Cameron</em></p><br /><p>Yesterday’s Brookings Institution event<a href="http://www.brookings.edu/events/2011/0628_innovation.aspx"> “PhDs, Policies and Patents”</a> focused on ways the government can invest in research and technology that will spur innovation and lead to long-term economic growth. Although much of the discussion had to do with biomedical advancements and infrastructure development, the lessons from the conference relate to higher education as well. Specifically, there is tremendous potential to use <a href="http://www.americanprogress.org/issues/2011/06/managing_innovation.html">online technology</a> to lower the skyrocketing cost of college attendance. This is necessary because expanding access to higher education is a surefire way to boost innovation and the nation’s economic prospects – individuals who graduate from college conduct more research, develop more technologies, and <a href="http://thinkprogress.org/yglesias/2011/06/27/254394/going-to-college-is-very-valuable/">earn higher incomes</a> than non-degree holders.</p><br /><p>Unfortunately, a combination of skewed incentives, backwards priorities and traditionalist mindsets make this a difficult objective to achieve. Universities have little reason to cut costs because their reputations directly benefit from higher per student academic spending. So even if a school achieves cost savings without sacrificing quality – say, by replacing large, intro-level lectures with online courses – it will be regarded as less prestigious by many ranking <a href="http://www.usnews.com/education/articles/2010/08/17/how-us-news-calculates-the-college-rankings?PageNr=4">methodologies</a>. Public colleges face an additional problem. State support for higher education has declined steadily during the past few decades, and recent budget crises have exacerbated this trend. This means that if public schools save money by embracing online courses, state legislatures likely will view it as an opportunity to further reduce their appropriations to higher education. This means the benefits of cost savings would not accrue to students through reduced tuition but rather to state governments that could avoid raising taxes or cutting other services. Finally, university faculty view online technology as a threat to their role at the heart of the higher education system. This was evident during an exchange between George Mason University Prof. Tyler Cowen and Stanford University Prof. Tim Bresnahan at yesterday’s conference. When Cowen raised the possibility of universities employing fewer professors once online courses are widespread, Bresnahan responded defensively by asserting that he does more than just teach.</p><br /><p>Obviously, Bresnahan has a point – the specialized expertise and personalized guidance that professors can convey to students in higher-level college courses truly is indispensible. For entry-level lectures with hundreds of students, however, faculty members often don’t do much more than teach. They don’t grade papers, they don’t meet their students and they aren’t able to delve into the finer details of the subjects they teach. These classes aren’t just a waste of students’ money, however; they’re also a drain on professors’ time. If they were freed from their obligation to teach such classes, professors would be able to devote more effort toward their niche in the higher education system – stimulating students’ intellectual curiosity through personal interactions and engaging learning experiences.</p><br /><p>All of which is to say the problem the U.S. faces today isn’t how to make higher education more affordable. Rather, it’s convincing various groups that doing so will benefit them.</p><br /><div><br /><a href="http://feeds.feedburner.com/%7Eff/matthewyglesias?a=Vnl-bLFaYpo:lddgKbmYmRA:H0mrP-F8Qgo"><img src="http://feeds.feedburner.com/%7Eff/matthewyglesias?d=H0mrP-F8Qgo" border="0" /></a><br /></div><img src="http://feeds.feedburner.com/%7Er/matthewyglesias/%7E4/Vnl-bLFaYpo" height="1" width="1" />"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-26485212375477724202011-06-29T16:28:00.000-07:002011-06-29T16:28:29.541-07:00The Social Side of Reasoning - NYTimes.com<a href="http://opinionator.blogs.nytimes.com/2011/06/29/argument-truth-and-the-social-side-of-reasoning/?ref=afternoonupdate&nl=afternoonupdate&emc=auab1">The Social Side of Reasoning - NYTimes.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-34990452825741812362011-06-29T10:02:00.000-07:002011-06-29T10:02:19.746-07:00Overcoming Bias : New Is Not Better<a href="http://www.overcomingbias.com/2011/06/new-is-not-better.html">Overcoming Bias : New Is Not Better</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-58591347084327108602011-06-29T07:44:00.000-07:002011-06-29T07:44:50.562-07:00Subatomic quantum memory in diamond demonstrated<a href="http://www.sciencedaily.com/releases/2011/06/110627151724.htm">Subatomic quantum memory in diamond demonstrated</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-83749828678147279622011-06-28T19:12:00.000-07:002011-06-28T19:12:29.974-07:00The Spiritual Power Of Psilocybin, Ctd<a href="http://feedproxy.google.com/%7Er/andrewsullivan/rApM/%7E3/g1KVZmkeSYY/th.html">The Spiritual Power Of Psilocybin, Ctd</a>: "<p><iframe src="http://www.youtube.com/embed/R3cJ6xVkLuk" frameborder="0" height="315" width="515"></iframe></p><br /><p>A reader writes:</p><br /><blockquote><br /><p>It seems to me that the debate between spiritualist and scientific interpretations of the psilocybin experience depends on a false alternative. It's true that a scientific perspective rules out witnessing supernatural facts. But that's not the same as ruling out witnessing <em>spiritual</em> facts, at least not in the sense that most people mean by the word "spiritual".</p><br /><p>It is entirely compatible with what science has revealed about the world that human individuals bear a profound kinship to other parts of the universe, a kinship that ought to have tremendous value. The common misconception that science - unlike the Medieval world-view it replaced - implies our alienation from the world - our being strangers in a valueless world indifferent to our fates - ignores what science has shown. Darwin's theory, for example, shows the profound connections that all creatures, including human beings, bear to each other. We learn about our own bodies by studying the genes of house flies!</p><br /><p>If contemporary science is right, we are parts of the universe in a more profound way than most religious traditions have ever suspected. Furthermore, we play a very special role in the universe: we (as well as other sapient species, if there are any) are the universe becoming conscious of itself - matter coming to the realization of its own existence, both the fact of it and its nature.</p><br /></blockquote><br /><br /><br /><blockquote><br /><p>The realization of our connectedness with and kinship to everything is a deeply spiritual one. If anything should be valued (and valuing is a non-negotiable part of human experience), then this reflexive awareness that, through our existence, the universe has of its own beauty, power, and complexity, should be. The valuing of this profound fact is as spiritual an experience as I can think of.</p><br /><p>Of course, it's not the same kind of spirituality as many mainstream religions offer. It's true that it eliminates the notion of a personal God, separate from the universe, with an interest in the fates of each and everyone of us. But the alternative it offers is still profoundly spiritual. As one of your other commentators noted, the idea that our existence is fleeting makes each moment precious and irreplaceable. Each human individual is a unique manifestation of the universe's growing awareness of itself. I certainly find this thought awesomely spiritual. And psilocybin experiences give individuals the direct experience of such facts. One looks at a tree, and one feels at home with it, part of the same enterprise, in some sense.</p><br /><p>This is exactly what science teaches. But psilocybin enables one to <em>experience</em> such facts directly - thus its spiritual value. It is one thing to theoretically appreciate a natural phenomenon - say a supernova - and another to experience it directly through instruments, like telescopes. I think psilocybin is an instrument that enables us to experience directly facts that science has long appreciated theoretically: that we are profoundly at home in this universe, and have a special role in it - that of constituting its growing awareness of itself.</p><br /><p>This may be a kind of Spinozistic pantheism enhanced with a Hegelian conceptualization of the human role in it. So it's not the kind of spirituality preached by most religions. But it is a kind of spirituality consistent with science, that makes clear why the human experience of and connection to nature is of paramount value. It is this spiritual insight that the psilocybin experience can reveal in a uniquely direct way.</p><br /></blockquote><br /><p>But what if the universe being conscious of itself is a workable definition of God? In which case, we are indeed made in the image of God but our consciousness is limited by our humanity, by the "fall". I find far less conflict between these spiritual experiences and the religions that feel threatened by them than others do.</p><div><br /><a href="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?a=g1KVZmkeSYY:alM7jqnruFI:H0mrP-F8Qgo"><img src="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?d=H0mrP-F8Qgo" border="0" /></a><br /></div><img src="http://feeds.feedburner.com/%7Er/andrewsullivan/rApM/%7E4/g1KVZmkeSYY" height="1" width="1" />"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-61244100010852847742011-06-28T11:07:00.000-07:002011-06-28T11:07:34.887-07:00Who Doesn't Pay Federal Income Taxes (Legally) - NYTimes.com<a href="http://economix.blogs.nytimes.com/2011/06/28/who-doesnt-pay-federal-income-taxes-legally/#more-116417">Who Doesn't Pay Federal Income Taxes (Legally) - NYTimes.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-28695839848715236732011-06-26T17:14:00.000-07:002011-06-26T17:14:55.873-07:00Review & Outlook: The Facts About Fracking - WSJ.com<a href="http://online.wsj.com/article/SB10001424052702303936704576398462932810874.html?mod=googlenews_wsj">Review & Outlook: The Facts About Fracking - WSJ.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-5653542993521790592011-06-26T07:35:00.000-07:002011-06-26T07:35:54.636-07:00Hip Implants Show That New Is Not Always Improved - NYTimes.com<a href="http://www.nytimes.com/2011/06/26/health/26innovate.html?pagewanted=1&nl=todaysheadlines&emc=tha25">Hip Implants Show That New Is Not Always Improved - NYTimes.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-84033172160477025302011-06-25T08:17:00.000-07:002011-06-25T08:17:43.684-07:00High technology, not low taxes, may drive US states' economic growth<a href="http://www.sciencedaily.com/releases/2011/06/110623130751.htm">High technology, not low taxes, may drive US states' economic growth</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-81516016687141233002011-06-25T07:52:00.000-07:002011-06-25T07:52:16.787-07:00Myths Of The Criminal Justice System: Part 1<a href="http://www.huffingtonpost.com/2011/06/20/myths-of-the-criminal-justice-system_n_879768.html">Myths Of The Criminal Justice System: Part 1</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-54743841211002155042011-06-25T07:38:00.000-07:002011-06-25T07:38:32.458-07:00Internet Security Experts Introduce Secure DNS in Singapore - NYTimes.com<a href="http://www.nytimes.com/2011/06/25/science/25trust.html?nl=todaysheadlines&emc=tha25">Internet Security Experts Introduce Secure DNS in Singapore - NYTimes.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-68414119348229196232011-06-23T16:13:00.000-07:002011-06-23T16:13:33.207-07:00A Man-Made Earth<a href="http://feedproxy.google.com/%7Er/andrewsullivan/rApM/%7E3/aZzCRxjovBo/a-man-made-earth.html">A Man-Made Earth</a>: "<p>Adam Frank <a href="http://www.npr.org/blogs/13.7/2011/06/21/137317694/the-anthropocene-can-humans-survive-a-human-age?ft=1&f=114424647">believes</a> we are witnessing the advent of the Anthropocene, a unique geological age where human activity, not natural processes, is the principal driver of planetary change:</p><br /><blockquote><br /><p>The first point to absorb is that there are no politics in the designation. It is neither a value judgment nor a critique. Instead, it is simply a recognition that human activity has now come to be the most significant ... [force] driving the various interlocking systems that define the current "state" of the planet. Scientists digging through sediments millions of years from now should easily be able to identify the transition from the Holocene to the Anthropocene. From the fossilized remains of our cities to changes in the carbonate content in sea-floor sedimentation, the Anthropocene may appear as clearly to future scientists as the Cretaceous appears to us.</p><br /></blockquote><br /><p><em>The Economist</em> did a <a href="http://www.economist.com/node/18744401">feature</a> on this last month.</p><div><br /><a href="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?a=aZzCRxjovBo:dOtn1s8bIj8:H0mrP-F8Qgo"><img src="http://feeds.feedburner.com/%7Eff/andrewsullivan/rApM?d=H0mrP-F8Qgo" border="0" /></a><br /></div><img src="http://feeds.feedburner.com/%7Er/andrewsullivan/rApM/%7E4/aZzCRxjovBo" height="1" width="1" />"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-67707838146729424812011-06-22T13:45:00.000-07:002011-06-22T13:45:08.524-07:00High-Speed Rail Poised to Transform China - NYTimes.com<a href="http://www.nytimes.com/2011/06/23/business/global/23rail.html?nl=afternoonupdate&emc=aua22">High-Speed Rail Poised to Transform China - NYTimes.com</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-82901946251114130302011-06-22T07:18:00.000-07:002011-06-22T07:18:47.812-07:00Quantum leap: Magnetic properties of a single proton directly observed for the first time<a href="http://www.sciencedaily.com/releases/2011/06/110621101329.htm">Quantum leap: Magnetic properties of a single proton directly observed for the first time</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-89385422009787856872011-06-20T11:13:00.000-07:002011-06-20T11:13:45.775-07:00Richard C. Francis' Epigenetics: How a new field has changed the way we think about genes. - By Christine Kenneally - Slate Magazine<a href="http://www.slate.com/id/2296986">Richard C. Francis' Epigenetics: How a new field has changed the way we think about genes. - By Christine Kenneally - Slate Magazine</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-36919563459756037272011-06-18T07:43:00.000-07:002011-06-18T07:43:22.549-07:00Why American Democracy Demands Anthony Weiner Types - The Daily Beast<a href="http://www.thedailybeast.com/articles/2011/06/17/why-american-democracy-demands-anthony-weiner-types.html?om_rid=DiX13x&om_mid=_BN-KmkB8bzy2Uo">Why American Democracy Demands Anthony Weiner Types - The Daily Beast</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-36704160757726223422011-06-16T07:30:00.000-07:002011-06-16T07:30:55.900-07:00No Targeted Cuts<a href="http://modeledbehavior.com/2011/06/15/no-targeted-cuts/">No Targeted Cuts</a>: "<p>David Leonhardt makes the case for <a href="http://economix.blogs.nytimes.com/2011/06/15/a-targeted-payroll-tax-cut/">targeted payroll tax cuts</a></p><br /><blockquote><p>In <a href="http://www.nytimes.com/2011/06/15/business/economy/15leonhardt.html">my column</a> Wednesday morning, I argued for a similar approach for a new payroll-tax cut for businesses. Rather than giving a tax cut to all businesses, as the White House <a href="http://www.reuters.com/article/2011/06/09/usa-taxes-idUSN0910275120110609">seems to be mulling</a> (though the details are unclear), a targeted tax cut would reward only those business that added to their payroll. This approach does less to increase the deficit and yet could do more to promote hiring.</p><br /></blockquote><br /><p>I have to take a fairly strong stand against this type of thinking. While targeting sounds very savvy I think in practice it’s a bad idea. One its just hard to pull off neatly. We are driving a freight train here not a Maserati. No dicing through the orange cones. </p><br /><p>Moreover, the point of the stimulus isn’t simply to pull hiring forward, though that’s not a bad outcome. It is to lesson the constraints on business and to get cash flowing in the economy. </p><br /><p>Right now the government can borrow money at less than the rate of inflation. That means free in real terms. It can give that money to business who may or may not be cash strapped. If they are then this opens up new opportunities for them in a dramatic way. </p><br /><p>If the businesses are not cash strapped then in the absolute worse case they simply hoard the cash and its no harm, no foul. Remember we are paying less than the rate of inflation to borrow. Perhaps, however, they will find a useful investment for it, which means the total return in the economy goes up. </p><br /><p>The government borrows money for free, gives it to businesses who then invest it with some positive rate of return. That’s good.</p><br /><p>Lastly, it also lowers the cost of labor. That’s good because it mimics painful wage declines that would be needed to clear the labor market. Rather than waiting for slow moving inflation to drive down real wage rates, we can drive them down right now with a business side payroll tax cut.</p><br /><br />Filed under: <a href="http://modeledbehavior.com/category/uncategorized/">Uncategorized</a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gocomments/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/comments/modeledbehavior.wordpress.com/9032/" border="0" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/delicious/modeledbehavior.wordpress.com/9032/" border="0" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/facebook/modeledbehavior.wordpress.com/9032/" border="0" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/twitter/modeledbehavior.wordpress.com/9032/" border="0" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/stumble/modeledbehavior.wordpress.com/9032/" border="0" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/digg/modeledbehavior.wordpress.com/9032/" border="0" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/modeledbehavior.wordpress.com/9032/"><img alt="" src="http://feeds.wordpress.com/1.0/reddit/modeledbehavior.wordpress.com/9032/" border="0" /></a> <img alt="" src="http://stats.wordpress.com/b.gif?host=modeledbehavior.com&blog=8065835&post=9032&subd=modeledbehavior&ref=&feed=1" border="0" height="1" width="1" />"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0tag:blogger.com,1999:blog-21827465.post-46544704208150655002011-06-15T07:39:00.000-07:002011-06-15T07:39:13.838-07:00Why Propping Up Old Business Models Is Bad For The Economy And Bad For Innovation | Techdirt<a href="http://www.techdirt.com/articles/20110606/21170514572/why-propping-up-old-business-models-is-bad-economy-bad-innovation.shtml">Why Propping Up Old Business Models Is Bad For The Economy And Bad For Innovation | Techdirt</a>: "- Sent using Google Toolbar"Ken in MShttp://www.blogger.com/profile/14813268581101875608noreply@blogger.com0