Kevin Drum is puzzled by default panic: If we run out of money, the federal government will stop paying some of its bills. That’s bad, and it will quite likely have a negative effect on the economy. Corporations are right to be apprehensive about this. But that’s all that will happen. Treasury bonds will continue […]
Category: Politics: Economics
Is College Worth It?
As I noted the other day, we’re entering graduation season, one of the two month-long periods (the other being “back to school” time in August/September) when everybody pretends to care deeply about education. Accordingly, the people at the Pew Research Center have released a new report on the opinions of the general public and college […]
Identifying the Real Source of Student Entitlement
College graduation season is upon us, at least for institutions running on a semester calendar (sadly, Union’s trimester system means we have another month to go). This means the start of the annual surge of Very Serious op-eds about what education means, giving advice to graduates, etc. The New York Times gets things rolling with […]
Education Reform Is Slow
Kevin Drum notes a growing backlash against education reform, citing Diane Ravitch, Emily Yoffe and this Newsweek (which is really this private foundation report in disguise) as examples. The last of these, about the failed attempts of several billionaires to improve education through foundation grants, is really kind of maddening. It makes the billionaires in […]
More Fun With Fracking
I intended to do a big book-sales post today, but our DSL modem may be dead, so there was no Internet in Chateau Steelypips this morning, and I forgot to copy the relevant files onto a thumb drive, so it will have to wait. Maybe this afternoon. In lieu of that, here’s some other stuff […]
My Feelings on Fracking
The New York Times had another article on the environmental impacts of shale gas drilling, which reminded me that I had intended to write something else on the subject after February’s post on the fracking panel at AAAS, but never got around to it. The hook for the article is yet another study showing that […]
Wind Power Economics and the Ability to Focus
Kevin Drum re-posts a chart on wind power made by Stuart Staniford showing that the number of new wind power plants installed in 2010 was way lower than in 2009 or 2008: This is meant as a starting point for discussion about the big economic issues that might’ve caused this. One of the many, many […]
Hydraulic Drilling at AAAS: Fracking Annoying
I grew up in Broome County, NY, down by the PA border, and my parents still live in scenic Whitney Point. Broome County is one of the areas affected by a huge environmental controversy, because it sits on top of the northern bit of the Marcellus Shale formation, which contains huge amounts of natural gas. […]
The Problem of the Humanities
I’ve probably gotten a dozen pointers to Gregory Petsko’s open letter in support of the humanities, addressed to the President of SUNY-Albany, over the last couple of weeks (the link is to a reposting of the letter at Inside Higher Ed; it was originally on Petsko’s own blog). I haven’t linked to it or commented […]
Calculus Saves the Economy!
I’m taking a bit of flak in comments to my silly Bob Dylan post from Sunday, with various right-wingers spontaneously popping in to tell me that JFK cut taxes. My initial reaction to this is to think that supposing a perfect equivalence between JFK cutting the top rate from 90% to 70% during a time […]