skeptic

Interview with Robert Barro on Keynesian Stimulus

This is a terrific interview and should be read by everyone on both sides of the stimulus debate.  Barro has actually done work in Keynesian economics (Krugman did not, incidentally) and he is skeptical of the stimulus.  And, he lucidly explains why tax cuts are to be preferred over spending when it comes to economic stimulus:

...when you cut taxes there are two different effects. One is that you cut tax rates, and therefore give people incentives to do things like work and produce more and pay more -- maybe, depending on what kind of taxes. And then you also maybe give people more income. This income effect is the one that's related to this Keynesian multiplier argument, where it's usually argued that government spending should have a bigger effect. So that's the income effect. But the tax-rate effect, inducing people to do things like work and produce more and invest more, is a whole separate effect, and that could easily be much bigger than the multiplier thing, than the income thing.  

 

Global Warming Skeptic

An interesting guy who offers more arguments to fight global warming alarmists: Professor Kunihiko Takeda

Professor Kunihiko Takeda, Ph.D., is vice-chancellor of the Institute of Science and Technology Research at Chubu University and one of the world's leading authorities on both uranium enrichment and recycling. The 65-year-old is also a bestselling author of books with titles such as “We Should Not Recycle!” “Recycled Illusions” and “Why Are Lies Accepted on Environmental Issues?” Professor Takeda should know why: Although a member of just about every prestigious academic and governmental entity, he has stayed independent and made a career out of challenging the establishment. He has never taken any garbage from anyone, not even during his 27-year tenure at Asahi Chemical Industries, where for five years he was director of the Uranium Enrichment Laboratory. He also kept his record clean as vice deputy president at the Shibaura Institute of Technology before joining Nagoya University in 2002. His fresh and original views are clear in his most recent book, “Hypocritical Ecology,” which has been flying off shelves at the speed of 100,000 a month since being published this June..

His ideas include:

  • Recycling is rubbish: It eats more energy and creates more waste than burning our garbage in high-tech incinerators.
  • Fear is a very efficient weapon: It produces the desired effect without much waste. Global warming has nothing to do with how much CO2 is produced or what we do here on Earth. For millions of years, solar activity has been controlling temperatures on Earth and even now, the sun controls how high the mercury goes. CO2 emissions make absolutely no difference one way or another.
  • Look beyond what governments tell you.
  • Consumerism marketed as environmental consciousness is the worst.
  • The energy crisis is nothing to sweat about.

 

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