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Bill Fulkerson

The divide between mainstream macro and MMT is irreconcilable - Part 3 | Bill Mitchell ... - 0 views

bilbo.economicoutlook.net/blog

modern monetary theory

shared by Bill Fulkerson on 12 Sep 18 - No Cached
  • Bill Fulkerson on 12 Sep 18
     
    "This is Part 3 (and final) of my series responding to an iNET claim that Modern Monetary Theory (MMT) and mainstream macroeconomics were essentially at one in the way they understand the economy but differ on matters of which policy instrument (fiscal or monetary) to assign to counter stabilisation duties. In Part 1, I demonstrated how the core mainstream macroeconomic concepts bear no correspondence with the core MMT concepts, so it was surprising that someone would try to run an argument that the practical differences were really about policy assignment. In Part 2, we saw how the iNET authors created a stylised version of mainstream macroeconomics that ignored the fundamental building blocks (how they reach their conclusions about the real world), which means that they ignore important differences in the way MMT economists and mainstream macroeconomists interpret a given economic state. I will elaborate on that in this final part. Further, by reducing the body of work now known as MMT to be just 'functional finance', the iNET authors also, effectively, abandon any valid comparison between MMT and the mainstream, although they do not acknowledge that sleight of hand. The series so far is: 1. The divide between mainstream macro and MMT is irreconcilable - Part 1 2. The divide between mainstream macro and MMT is irreconcilable - Part 2"
Bill Fulkerson

America is not "polarized": it's a land where a small minority tyrannize the supermajority - 0 views

boingboing.net/...overton-windows-r-us.html

minority polarized america

shared by Bill Fulkerson on 06 Mar 19 - No Cached
  • Bill Fulkerson on 06 Mar 19
     
    Of course the thing that all these policies have in common is that they would make life vastly better for nearly all of us, while making the super-rich a very little worse off. As Wu points out, this is not a picture of a "heavily polarized" nation, as the pundits would have it. These policies are wildly popular and are outside of the political mainstream because a minority have figured out how to suppress the will of the supermajority.
Bill Fulkerson

The Logic Of Bell Curve Leftism - The Weekly Dish - 0 views

andrewsullivan.substack.com/...he-logic-of-bell-curve-leftism

curve bell logic

shared by Bill Fulkerson on 11 Sep 20 - No Cached
  • Bill Fulkerson on 11 Sep 20
     
    There aren't many books out there these days by revolutionary communists who are into the genetics of intelligence. But then there aren't many writers like Freddie DeBoer. He's an insistently quirky thinker who has managed to resist the snark, cynicism and moral preening of so many others in his generation - and write from his often-broken heart. And the core of his new book, "The Cult of Smart," is a moral case for those with less natural intelligence than others - the ultimate losers in our democratic meritocracy, a system both the mainstream right and left have defended for decades now, and that, DeBoer argues, gives short shrift to far too many.
Steve Bosserman

Social Media's Globe-Shaking Power - The New York Times - 0 views

www.nytimes.com/...edias-globe-shaking-power.html

social media politics power change

shared by Steve Bosserman on 17 Nov 16 - No Cached
  • For people who like an orderly, predictable world, this is the scariest thing about Facebook; not that it may be full of lies (a problem that could potentially be fixed), but that its scope gives it real power to change history in bold, unpredictable ways.
  • One is the ubiquity of Facebook, which has reached a truly epic scale. Last month the company reported that about 1.8 billion people now log on to the service every month. Because social networks feed off the various permutations of interactions among people, they become strikingly more powerful as they grow. With about a quarter of the world’s population now on Facebook, the possibilities are staggering.
  • Thanks to the internet, now each person with once-maligned views can see that he’s not alone. And when these people find one another, they can do things — create memes, publications and entire online worlds that bolster their worldview, and then break into the mainstream.
Steve Bosserman

Google and corporate news giants forge new alliance - 0 views

nexusnewsfeed.com/...news-giants-forge-new-alliance

independent press algorithms streamlining mainstream media

shared by Steve Bosserman on 28 Apr 18 - No Cached
  • The “new media” monopolists of Silicon Valley and the once-dominant traditional print media have clearly agreed that the “fake news” frenzy is a convenient pretext to step up their censorship of the internet through new algorithms, allowing them to boost their profit margins and silence opposition through a new framework of “algorithmic censorship.”
  • Last April, Google clamped down on alternative media with new structural changes to its algorithms — accompanying the change with an announcement tarring alternative media with the broad black brush of “misleading information, unexpected offensive results, hoaxes and unsupported conspiracy theories” as opposed to what it called “authoritative content.”As a result, organic search-engine traffic to these sites uniformly plummeted to less than half of what it had previously been, devastating many publishers.
  • The “new media” monopolists of Silicon Valley and the once-dominant traditional print media have clearly agreed that the “fake news” frenzy is a convenient pretext to step up their censorship of the internet through new algorithms, allowing them to boost their profit margins and silence opposition through a new framework of “algorithmic censorship.”This new model overwhelmingly favors those who see information and journalism as an article of commerce alone. It poses a stark threat not only to internet users’ ability to access information, but to the ability of citizens and social movements that hope to interact with, participate in, and wield influence over the political and economic activities that determine our lives and the fate of communities across the world.
Steve Bosserman

Chris Hedges With Mark Crispin Miller on the Destruction of an Independent Press - 0 views

www.truthdig.com/...uction-of-an-independent-press

mainstream media independent press streamlining

shared by Steve Bosserman on 28 Apr 18 - No Cached
  • Hedges calls attention to the algorithms of Facebook, Google and Twitter, and how they steer traffic away from anti-war and progressive websites, while Miller speaks of the frightening historical precedent of the homogenization of the press. "I think what we have seen over the decades since the mid-'70s, and I'm going to make a provocative comparison here, is something analogous to what the Nazis called gleichschaltung, which means streamlining," Miller says. "When they came to power, they made it their business to make sure that not only all media outlets but all industries, all sectors of the culture, would be streamlined, which meant getting rid of anyone who was not fully on board with the Nazi program."
Steve Bosserman

How Gaston Bachelard gave the emotions of home a philosophy - Gillian Darley | Aeon Essays - 0 views

aeon.co/...-emotions-of-home-a-philosophy

space intimacy philosophy architecture

shared by Steve Bosserman on 12 May 18 - No Cached
  • As Foucault said of Bachelard a few years later, his characteristic approach was to avoid all defined hierarchies, any universal judgments: ‘He plays against his own culture with his own culture.’ He stood apart, separating himself from the mainstream, finding cracks, dissonances, minor phenomena that he could make his own. Poetry of every description was his raw material.
  • Indoors, in The Poetics of Space, the journey into intimacy is neatly evoked by drawers, cupboards, wardrobes and above all locks, although he warns, somewhat testily, against their use as gratuitous metaphors (and he is strongly averse to the idea of habit).
  • The wellbeing of the warm animal (or human) protected in its nest or cocoon or cottage from the bad weather raging outside is a primitive sense of refuge that we can all share, adult or child. The appeal of a safe haven translates into domestic architecture with such features as the accommodating Arts and Crafts inglenook, seats close by the fire, Frank Lloyd Wright’s enduring penchant for an immense fireplace buried at the core of a house, or even, a favourite 1960s touch, the conversation pit – with or without its trademark shagpile carpet.
  • ...3 more annotations...
  • Late in life, Auden wrote a set of 15 verses titled Thanksgiving for a Habitat (1960-1964). They were a celebration of domestic contentment in his Austrian cottage, and were structured around the rooms of the house, including ‘the Cave of Meaning’ (his study), the cellar, the attic, and his bedroom ‘the Cave of Nakedness’. In the title poem he ends, happily, writing of ‘a place I may go both in and out of’.
  • The ‘cupboardness’ of children’s play areas; a library tucked beneath some stairs; a universe of emotions in the corner
  • In his neat phrase ‘reading a room’, Bachelard encouraged readers to think of some place in their own past: ‘You have unlocked a door to daydreaming.’
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