Posts from November 25, 2001
For some reason I only today became aware of Spinsanity, a seemingly non-partisan site that flags the use of “manipulative and subrational rhetoric in American politics.” The site is very well done, and the analysis is really spot on. Paul Krugman in the New York Times: An Alternate Reality From an economist’s point of view, the most revealing indicator of what’s really happening is the post- Sept. 11 fondness of politicians for “lump-sum transfers.” That’s economese for payments that aren’t contingent on the recipient’s actions, and which therefore give no incentive for changed behavior. That’s good if the transfer is meant to help someone in need, without reducing his motivation to work. It’s bad if the alleged purpose of the transfer is to get the recipient to do something useful, like invest or hire more workers. ...