I will clear some antiquities and see if I can list some new things.
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From CBPP, House Republican Rule Changes Pave the Way For Major Deficit-Increasing Tax Cuts, Despite Anti-Deficit Rhetoric:
And so it is.
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There must be a way to construct a word for this out of Greek roots; something like kleptocracy, but meaning rule by ridiculous people instead. But it’s all Greek to me. Anyway, a couple of stories today.
"Time to bring out
the classic quote:
There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs."
I read them both. The one that involves orcs had a better hook for me.
I decided not to make a Hobbit of it.
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Nice piece by Landon Thomas on the sort-of vindication of Euroskeptics. But to really have a sense of how it has played out, you have to know a bit more about the arguments.
"
In the early 90s a number of American economists tried to assess the proposed euro by comparing Europe to the best example we have of a working, continent-sized currency area: the United States. And what they all found was that Europe fell far short of the U.S. in terms of suitability: much less labor mobility, and no fiscal integration to speak of. Jonung and Drea summarize this in hostile tones, as if were a foolish notion refuted by events:
To sum up, U.S. academic economists suggested that in light of the historical experience of U.S. monetary and fiscal union, Europe would face major adjustment problems under a single currency.
But that’s exactly what has happened."
The noise is that Greece will default in the next few days. Currency controls have not been imposed. The break is either further away or the governments are in denial. The rising U.S. markets are not a good sign.
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That seems to be the answer to my question about what to call rule by the ridiculous. Thanks for all the suggestions.
Nothing to add.
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Irish law prohibits all abortions except those necessary to save a woman’s life, and as a practical matter
it imposes daunting obstacles to terminating life-threatening pregnancies as well.
?
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