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March 11, 2009

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I'm sorry, but Shlaes is a hack of the highest order, and her employment at the CFR cheapens the institution. Debating her only legitimizes her dishonest quackery - just because there are two political parties in this country doesn't mean there are two legitimate viewpoints.

Mark's comment is par for the course when it comes to left wing intellectual discourse. Start off with a baseless ad hominem attack, and then back it up with a lack of specific criticism. The absence of logic or coherent argumentation is not noteworthy because it is about as good as it gets. Shlaes gets attacked for questioning the Holy Grail of leftist ideology. If fiscal stimulus works then Hoover should be a hero, he raised federal spending dramatically, moreso than did FDR if you look at the data. He even engaged in some serious deficit spending by 1931-2. It flopped. Oh, but he did raise taxes on the rich and engage in protectionism too. Did I mention that he delayed serious action in resolving the banking crisis? Sound familiar? He should be the left wing poster child, Obama is running the exact same playbook. FDR did one thing right, which was to calm a nervous nation(Obama has already failed badly on that front). This helped lift the economy, but his ruinous NRA and price controls, coupled with horrendous industrial policy delayed full recovery. Did I mention he raised taxes in 1936 just when people thought we were finally out of the gutter? It put us right back in it in 1937-8.

Data means nothing to an ideologue.

Tim: As I wrote on my blog, Truth on the Market, I think Tyler is pretty far off base with this one. See http://www.truthonthemarket.com/2009/04/28/what-does-tyler-know-about-law-and-economics-anyway/

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It will be interesting to see how the SMS adoption trend continues, and more creative applications for its use. Thanks again.

I guess the point is to give and save as much as you can and make your money work for you like the good servant we should strive to be.

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