CEPR’s Dean Baker, one of the only economists to anticipate the collapse of the housing bubble, calls out his many colleagues currently collaborating in the deficit witchhunt. [Y]oung people today can expect many more years of dire labor market conditions, because the remedies that could turn around their job situations have been blocked by nonsense spewing from economists. Incidentally, this situation works out very nicely for those on top, who are enjoying the benefits of record-high profit shares, which have also helped to fuel a soaring stock market.”
Along very similar lines, here’s James K. Galbraith on the state of economics in 2002:
|“Leading active members of today’s economics profession, the generation presently in their 40s and 50s, have joined together into a kind of politburo for correct economic thinking. As a general rule — as one might expect from a gentleman’s club — this has placed them on the wrong side of every important policy issue, and not just recently but for decades. They predict disaster where none occurs. They deny the possibility of events that then happen. They offer a “rape is like the weather” fatalism about an “inevitable” problem (pay inequality) that then starts to recede. They oppose the most basic, decent, and sensible reforms, while offering placebos instead. They are always surprised when something untoward (like a recession) actually occurs.
And when finally they sense that some position cannot be sustained, they do not re-examine their ideas. Instead, they simply change the subject. No one loses face, in this club, for having been wrong. No one is disinvited from presenting papers at later annual meetings. And still less is anyone from the outside invited in. Only the occasional top-insider-turned-dissident — this year the admirable Stiglitz — can reliably count on getting a hearing.
On the eve of his new reinterpretation of works by Julius Eastman, The Guardian profiles musician and recombinator Jace Clayton, a.k.a. DJ Rupture, a friend of mine from college and, along with Parks and Recreation creator Mike Schur, author Nell Freudenberger, and star Rashida Jones, one of the more accomplished members of Harvard’s class of ’97. “Boston’s extremely segregated…And musical segregation was indistinguishable from actual segregation.”
I’ve seen about half of the first Wolverine movie twice now on two different plane trips, and wasn’t impressed. Still, Marvel’s been on a roll lately, and with Mangold in the director’s chair and a shift in scenery, this could potentially make for some quality summer air-conditioning.
The first outing was a great time at the movies, so this one has my ticket even if Matthew Vaughn and Nicolas Cage have left the premises. I have high hopes for Jim Carrey, reportedly the best thing about The Incredible Burt Wonderstone, as Colonel Stars and Stripes.
There’s very little chance I pay money to see this film, partly because the only Michael Bay movie I’ve ever been entertained by was The Island, and mainly because I’m getting a little sick of films trying to mainstream torture of late. Still, this is a highly likable cast, and dubious credit where due: As with Bad Boys 2, nobody brings cartoonish Grand Theft Auto: Vice City-style debauchery to life quite like Mr. Bay.
Physicists get ever closer to a Harry Potter-style invisibility cloak with a new, less-bulky metascreen that scatters nano-particles. “Moving forward, one of the key challenges for the researchers will be to use ‘mantle cloaking’ to hide an object from visible light.”
James Fallows speaks with Space Adventures co-founder Eric Anderson on the coming age of space colonization. “One key to making all this happen is that we need to use the resources of space to help us colonize space…The near-Earth asteroids, which are very, very close to the Earth, are filled with resources that would be useful for people wanting to go to Mars, or anywhere else in the solar system. They contain precious resources like water, rocket fuel, strategic metals.”
Along the same lines, and from last June, a Dutch company called Mars One has a very specific timetable in place for Mars colonization. “Lansdorp plans to send another couple of adventurous astronauts to join the colony every two years, but the idea is that no one gets a return journey. This is a permanent base, a Plymouth Rock in an entirely new world that will begin the long, slow and painstaking process of terraforming it.” The first four colonists, set to leave Earth in 2023, will be chosen this year.
Update: So far, it seems, the Mars One project has received 40,000 applications.
Of course, if this TRON-Tyrion mash-up whetted your appetite for GRRM retro-style — Thatcher! Jazzercise! Lipgloss! — look no further than Game of Thrones‘s mid-90’s-style credits, not unlike the Firefly one making the rounds awhile back.