Against Politics

Toward a depoliticized society

The voodoo science of stimulus

Most social “science”, and macroeconomic modeling in particular, suffers from serious epistemological and methodological problems.  In a recent article for Reason Peter Suderman discusses the questionable models that are used to evaluate the effects of the stimulus:

According to the CBO’s estimates, depending on how the money is spent, one dollar of government spending can produce [...]

Prophets of doom and recovery

Guy Sorman on Joseph Stiglitz:

As Marx was in his day, Stiglitz has become a prophet of doom: the economic system will inevitably fail. There is no easier job in politics than being a prophet of doom: you just wait for the next downturn and claim that you predicted it. Doomsaying is not a scientific position, [...]

Macroeconomics in politics

Steve Chapman writes:

If the economy improves and unemployment drops, Obama can take credit. If it fails to improve and unemployment rises, though, he can say he averted an even worse showing. Republicans will take the opposite tack — attributing any improvement to the natural resilience of the economy and blaming the administration if things get [...]