So, Russia has stopped selling natural gas to Bulgaria and Poland because they refuse to pay for it in rubles, but they both say that they do not want Russian natural gas anyway!
Barkley Rosser
So, Russia has stopped selling natural gas to Bulgaria and Poland because they refuse to pay for it in rubles, but they both say that they do not want Russian natural gas anyway!
Barkley Rosser
It’s nowhere near as expensive as it sounds, and much more humane: offer every Russian soldier who defects $100,000 and the right to settle in any EU/North American country of their choice. It might not work, especially if Russia uses deadly force against soldiers who lay down their arms or violent reprisals against their families back home. But if a large enough portion of their troops accept the offer, the Russian war effort would be crippled.
Of course, Putin will claim that this is an inducement to the worst sort of betrayal, selling out your country’s fundamental values and interests in exchange for a bribe. If this were really what’s at stake in the war, he’d be right. But if not just a few, but thousands, including whole units, opt for the deal, it sends the message that Putin’s war aims are hollow. Of course, defectors can send that message directly as well, for instance through social media, and it would take a much higher level of repression than today’s to block it.
Too expensive? Way cheaper than war in every way. As an upper bound, consider that if 100,000 troops defect—which would likely end the war on the spot—the cost would come to $10 billion, far less than what will be spent on arms and lost through death and destruction.
Note that this is a weapon only the West can wield, since Russia can neither afford such largesse, nor would settlement in Russia be as attractive.
The one big disadvantage with this approach is its intrinsic injustice: Russian soldiers get this deal, but not Ukrainian ones. Giving the same bounty to Ukraine’s troops would be much costlier in relation to the value of outcomes achieved, and there’s the additional problem of extrinsic incentives crowding out intrinsic ones: soldiers who fight for cash are less likely to display the same courage or take the same initiative as those who fight for a cause, or simply for each other. (The dreadful record of mercenaries hired to fight the US war in Iraq makes this clear.) As a substitute, I recommend that any announcement of bounties to Russian soldiers be accompanied by a credible pledge of even greater funds to rebuild Ukraine after the war.
Bribery is an unsavory basis for public policy, but murder and mayhem on an industrial scale is far worse.
The earliest customs of peoples seem to send us a warning that in accepting what we receive so abundantly from nature we should guard against a gesture of avarice. For we are able to make Mother Earth no gift of our own.
Happy Earth Day!
Yes, today is the 53rd Earth Day. I participated in the first one, when it was held in Madison, Wisconsin on April 22, 1970, just as the environmental movement was really getting going. There were observances elsewhere around the US, but Madison had pride of place as the person most responsible for getting Earth Day going was then Wisconsin Senator Gaylord Nelson, who was also one of the first senators to oppose the Vietnam War. Those were the days. While we face an increasing problem of mounting global warming and cutbacks of environmental regulations and enforcement in various areas, much has been achieved, with substantial reductions of various kinds of pollution around the world in the slightly more than half a century since Earth Day began to be celebrated. There is much still to do, but there is also much to celebrate. Air and water quality are much improved in places ranging from Gary to Cleveland and on.
As I was in very leftist Madison back then, I remember what may now seem ironic. There was considerable unhappiness on the part of many on the Left there at the time of that first Earth Day celebration. April 22 also happens to be the birthday of Lenin, and that one was his centennial birthday. Proper communists or strong socialists were supposed to be remembering him and honoring him on that particular day by focusing on opposing the Vietnam War and battling for workers' rights rather than calling for limiting automobile emissions, with some even claiming that this celebration was a plot by Richard Nixon to distract us all from the Vietnam War. As it was, the Kent State killings would happen only a about two weeks after that first Earth Day, so indeed the anti-Vietnam War movement was near its peak.
It is rather curious that now many on the Right have come to be overtly anti-environmental. Climate change is supposedly a hoax. Greens are "watermelons," green on the outside but red on the inside, in this case the old meaning of red as meaning leftist socialist rather than US Republican. The environment is increasingly becoming yet another issue where partisan divides and false narratives spouted on Fox News and various social media make it hard to even have reasonable discussions of these issues.
OTOH, there has also appeared a dark side of the environmental movement, still small, but unpleasant. This is the environmental fascism movement that uses concern about environmental quality to oppose immigration to the US. This movement tends to align itself with openly racist elements that also drive the anti-immigrant movement on the Right. While this may seem to be an unpleasant new phenomenon, among the criticisms by leftists back in 1970 of environmentalism was the reliance on Malthus by many environmentalists, who was indeed a reactionary, with many arguing that the move to limit population growth was a racist effort, which it probably was for some involved in that. It remains an unpleasant fact that Hitler was an advocate of conservation, which he associated with his emphasis on "blood and soil," and that among his followers were students of students of Ernst Haeckel, the man who coined the word "ecology." Needless to say, the environmental movement needs to resist this potential tendency.
Anyway, for today, have a Happy Earth Day!
Barkley Rosser
Rabbi Mayer May |
Sandwichman's maternal great-grandfather, Rabbi Mayer May, was rabbi at Congregation Beth Israel in Portland, Oregon from 1872 to 1880. According to newspaper reports, on October 1, 1880, Rabbi M. May was involved in an altercation with A. Waldman, during which he fired two shots from a pistol, neither of which struck his assailant.
The incident occurred on Front Street, near the Esmond Hotel where U.S. President Rutherford B. Hayes was staying during his historic 71-day tour of the West.
For some years, Rabbi May had been embroiled in doctrinal disputes with some members of his congregation as he tried to introduce the Reform Jewish prayer book, which several Orthodox members resisted. Waldman was one of the dissidents and had leveled charges of impropriety and immorality at May, who in turn called him a liar.
Reportedly, Waldman came up from behind May one day, grabbed his coat, spun him around and punched him several times in the face, breaking his glasses. May then pulled out his revolver and, being semi-blinded shot twice in Waldman's general direction. Both men were arrested but only Waldman was charged with assault. Presumably, May's response was deemed self defense.
Following the incident, Rabbi May submitted a letter of resignation to the congregation in the interest of restoring peace and dignity. A little over a month later, the rabbi's house burned down. May was away from home at the time, but according to reports "his wife and children barely escaped with their lives."
The house was located at the corner of Twelfth and Main Street. This is significant because the 1880 census shows Mayer May, a "minister," and his family, including my grandfather, Angelo Mayer May, living on Main Street in Portland. Many stories identify "Rabbi Moses May" as the rabbi involved in the incident. However, the only Moses May documented to be living in Portland any time near the event is listed in a commercial directory from 1885 as a peddler.
There are two secondary sources that report about the incident involving Rabbi May. "The War on the Willamette," published in 1958, is mainly a compilation of three newspaper items from the time, with a very brief and general introduction. The rabbi is identified in those news reports simply as "M. May." The second, "Mayer May: Pioneer Portland Rabbi," published in 1989, contains much more contextual information about Rabbi May's family and subsequent career, including interviews with two granddaughters, one of whom was my mother.
The name "Rabbi Moses May" appears to be a misinterpretation of a phrase in one of the newspaper accounts given in the 1958 article:
Waldman annoyed him continually, interfering with him and wishing him to teach the religion of Waldman instead of that of Moses, and because he did not has been trying to ruin him by setting adrift reports about his moral standing, which the Rabbi characterized as false, shameful, and hollow.
The Moses in that sentence is clearly the man who spoke to a burning bush, led the Jews out of Egypt, and received the commandments on Mount Sinai -- not the studious immigrant from Bavaria who fired two ineffectual shots from his pistol at a tormentor on Front Street in Portland in 1880. Nevertheless most recent stories about the misidentify the principal in the latter incident.
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Temple Beth Israel in the 1800s |
Even the website of Congregation Beth Israel of Portland lists "Rabbi Moses May" as rabbi from 1872 to 1880. But a video celebrating their 150th anniversary includes a photograph of my grandfather, Rabbi Mayer May, with a confirmation class. Page 207 of Pioneer Jews: A New Life in the Far West also includes the same photo, with the caption, "Rabbi Mayer May and his confirmation class in Portland, Oregon, 1878; courtesy, Oregon Jewish Historical Society, Portland." The main text on the same page, however, refers to "teacher and cantor, Moses May" who "was hired to serve as acting rabbi at Beth Israel."
For a while, as I was researching this story, I suspected that maybe Rabbi May changed his first name following the shooting incident. But the June 1880 census records contradict that theory. I have ordered my grandfather's birth certificate from 1879 and his sister's from 1872 (presumably) for further confirmation.
After resigning his ministry and losing his home, Mayer May moved his family to The Dalles, Oregon for a couple of years until taking up another ill-fated position as rabbi in Waco, Texas. After initially making a good impression, Rabbi May started preaching incoherent mysticism and was referred to a physician for mental illness.
The malady appears to have been temporary as the family soon returned to The Dalles and then moved to San Francisco, where Mayer May established a solid reputation and career as a teacher and principal of the Free Religious School of the Jewish Educational Society of San Francisco.
One of the threads that I am weaving derives from David Graeber's and David Wengrow's account of how Kandiaronk's (or Kondiaronk's) criticisms of European customs became the basis for the Enlightenment critique, which was subsequently blunted by Turgot's theory of four evolutionary stages of society and Rousseau's ambivalent recuperation of the Noble Savage. Graeber and Wengrow got their argument from Ronald Meek's 1971 account.
Anne Robert Jacques Turgot, Baron de l'Aulne, commonly known as Turgot maintained in his 1750 lecture that there were four economic stages of society: hunter-gatherers, pastoral, agriculture and finally commercial society. Nearly 200 year later, Isabel Paterson described the "only four general ways by which human beings can exist" as the following:
(1) The savage society, or "snatch economy," of wandering hunters who live by the bounty of nature, on what they can kill or pick up.
(2) The pastoral nomad society, wandering herdsmen who live in the main off their tame animals.
(3) The agricultural society, in which men have learned to get most of their living from cultivated crops.
(4) The industrial economy, ranging all the way from handicrafts to high-speed, high-energy motor machine production; and requiring a general exchange system.
By 1948, the four-stages myth had become canon. It was also amplified by social Darwinism as practiced by Herbert Spencer and his American disciple, William Graham Sumner. Sumner's doctoral student, Thorstein Veblen, adopted Sumner's perspective of social evolution but jettisoned the laissez-faire component of his teachings.
Paterson may or may not have read Sumner but she was friends with Stuart Chase, a follower of Veblen and a casual associate of the Technocracy movement inspired by Veblen. It would have been easy for her to reverse engineer Sumner's position by fusing laissez-faire economic doctrine to Chase's and Veblen's social evolutionary perspective. Technocracy without the altruism.
As so often happens, my something-completely-different dive down the Ayn Rand/Isobel Paterson rabbit hole has started to converge chronologically and thematically with my previous progressive/planned obsolescence thread featuring Herbert Marcuse, Thorstein Veblen, Georg Simmel, Christine and J. George Frederick, et al.
Marcuse adopted his persistent (albeit analytically shallow) obsession with planned obsolescence from Vance Packard, whose inspiration was... Stuart Chase's The Tragedy of Waste. While Paterson's and Ayn Rand's individualist vision was grounded in nostalgia for a mythical 19th century American heroic inventor/businessman type, Marcuse's hopes for liberation dwelt on a resigned anti-nostalgia for the mythical 19th century class-conscious revolutionary proletariat.
While Paterson and Rand were idolizing mythical productivist heroes, actual businessmen and women like the Fredericks, Paul Mazur, and Edward Bernays were laying the foundation of a consumer society. They saw the barrier to economic dynamism as insufficient demand, not excessive government.
I was unable to find any commentary on Rand by Marcuse. Rand, however, had a few choice words for Marcuse:
When every girder of capitalism had been undercut, when it had been transformed into a crumbling mixed economy—i.e., a state of civil war among pressure groups fighting politely for the legalized privilege of using physical force—the road was cleared for a philosopher who scrapped the politeness and the legality, making explicit what had been implicit: Herbert Marcuse, the avowed enemy of reason and freedom, the advocate of dictatorship, of mystic "insight," of retrogression to savagery, of universal enslavement, of rule by brute force.
Note the "retrogression to savagery" trope -- the ghost of Turgot. In a sense, Marcuse and Rand were looking glass images of each other, each trapped in their adjacent funhouse mazes of obsolescence and nostalgia, a trope handed down from Turgot to Spencer to Sumner to Veblen... and Chase... and Packard.
The function of the four-stages myth was to deny the critique of social hierarchy. The illusion of a "progressive" stage theory leads back into the maze it is trying to escape from.
Is there a way out of that maze? I think there is -- at least intellectually. The way out -- and forward -- involves revisiting the "second storey" under historical materialism that Georg Simmel constructed and re-examining Marx's scaffolding for the Grundrisse that he dismantled in the published volume one of Capital. It seems to me that there is a way to contend with the gap between objective culture and subjective culture, collectively.
This is not news, but yet again we see the old phenomenon of people whining a lot when something gets worse but then saying nothing when it gets better. The latest example of that involves gasoline prices. They were rising and got into the range of near real highs seen in times like 2008, 1981, and 1918. But now they have slid backwards, down in the neighborhood of 20 cents per gallon where I am. Crude prices are down as well, with WTI having gotten near $120 per barrel it is now below #100 per barrel again. But am I hearing anybody cheer or say, "Wow! That's great!" No. Of course it can be said that the prices are still pretty high, and still way above where they were a year or two ago. But the crickets going on with this are noticeable. Oh, there was the interview Donald Trump just made with the Washington Post that appeared in today's edition. But he was spouting outright falsehoods unsurprisingly, that crude prices have reached an all time high along with retail gasoline prices, neither of which is remotely true.
Of course, it can be noted that this may not continue. Almost certainly a major factor in this decline is the release of oil from the Strategic Petroleum Reserve, with a less publicized release from the IEA reserves as well. Both of these are planned to continue for several months, with several states also temporarily suspending their gasoline taxes as well, just to add to this movement. The upshot has been both declining crude prices as well as declining retail prices. The lockdowns in China associated with the pandemic outbreak there also happens to be fueling a reduced demand, and also probably something on the order of two thirds of Russian oil exports are still happening in one direction or another, despite the sanctions. So oil and gasoline prices have gone down, but there is reason to believe that some of the reasons for this may go away in a few months, so maybe getting too positive about it all is not reasonable.
As it is, we have already had some asymmetry of whining. This has involved people getting all worked up about the rise of inflation while somehow not being favorable about what appears to be one of the hottest job markets ever. Indeed, if anything the latter has led to people whining because it is hard to get people to do some services. They see the dark side of even what is mostly a good thing. But this asymmetry of being more upset about things that are getting worse rather than being pleased about things getting better is a deeply entrenched human characteristic.
Barkley Rosser
I have just learned from Louis-Philippe Rochon that Alain Parguez has died. He was a French economist long based at the University of Besancon before he retired some years ago. He was long perhspa the main leader of the "circuitist" school of monetary economics, a distinctively French approach that never really caught on in the US, although it has had adherents in Canada. It is a sort of kissing cousin of the MMT approach, but with more of a Marxist bent to it. Ironically for a quasi-Marxist I was told by somebody, not Alain himself, that apparently he had pretty serious aristocratic ancestry.
He used to fairly regularly attend the Eastern Economic Association meetings, and I also encountered him in France as well on several occasions, where I used to spend more time than I do anymore. He was a fascinating personality, quite a distinctive character, with a highly distinctive way of speaking that would command one's attention, even if one did not necessarily agree with what he was saying. I always enjoyed his company. Our daughter, Sasha, now a successful standup comedian, found him much more interesting than almost any other of my economics colleagues that she ever observed.
As it is, I have mixed feelings about circuitism, which is an intellectually challenging view. But I confess to having some frustration with it as well, as with some other views it sort of running in circles on itself as it were. But then I guess that is appropriate for a school of thought called circuitism. Anyway, RIP to Alain.
Barkley Rosser
I have always enjoyed chapter 10 of Friedrich Hayek's Road to Serfdom -- "Why the worst get on top." Always referring to the last quarter century or so since I first read it. Hayek's argument struck me immediately as watertight but I was puzzled that he seemed to exempt his own preferred collective from his argument. Maybe he just wanted to slip it past the unwary?
Individuals may be individuals but individualists are a collective. Harold Rosenberg coined a fine phrase for such collectives: "the herd of independent minds." Whether we call it capitalism or free enterprise, the individualist's Utopia meets Hayek's definition of collectivism: "The 'social goal,' or 'common purpose,' for which society is to be organized is usually vaguely described as the 'common good,' the 'general welfare,' or the 'general interest.'"
We can be less vague in describing the social goal of a capitalist society: the accumulation of capital. Does that goal not seem collectivist enough? O.K., then let's be more vague and call it economic growth. That way, the people on top can claim to be pursuing the general welfare by promoting the accumulation of capital. Capitalism is collectivist.
Why does organizing society for a common social goal favour the worst? In the first place, because success is not guaranteed. When a democratic leaders run into obstacles in achieving the plan, they face a choice of giving up or of assuming extraordinary powers. When a dictator faces that choice, the choice is between "disregard of ordinary morals or failure." That is why, "the unscrupulous and uninhibited are likely to be more successful in a society tending toward totalitarianism." Sound familiar?
How do these unscrupulous and uninhibited people manage to rise to the top? Hayek gave three reasons why a "numerous and strong group with fairly homogenous views," large enough to impose its views on society, "is not likely to be formed from the best but rather by the worst elements of any society":
...the most grinding despotism ever known resulted at once from the "experiment" of Marxist communism, which could posit nothing but a mechanistic process for its validation.
...they assume that a productive society, which depends primarily on exact communication, can be organized after they have destroyed that means. In this they revert below savagery, and even below the animal level. They have got down to the premise of mere mechanism. Cogs in a machine need no language.
Personal liberty is the pre-condition of the release of energy. Private property is the inductor which initiates the flow. Real money is the transmission line; and the payment of debts comprises half the circuit. An empire is merely a long circuit energy-system. The possibility of a short circuit, ensuing leakage and breakdown or explosion, occurs in the hook-up of political organization to the productive processes. This is not a figure of speech or analogy, but a specific physical description of what happens.
There is absolutely no solution for this except individual land ownership by the great majority, and the use of real money. It is not necessary that everyone should own a farm; but enough people must own their homes and have a reserve for "hard times."
In two sentences, "the great majority" dwindles down to a vague "enough people." Paterson doesn't elaborate on how this condition of home ownship and a financial reserve is to be met. Presumably, it can only be achieved by hard work and thrift. Since those "most visibly affected" are most also likely to not have such a reserve, it is hard to see in what way this is meant as a "solution" to the labor problem any more than "stop eating avocado toast" is a solution to the high price of housing.
"It is not necessary that everyone should own a farm..." is a remarkably insensitive statement to make in the aftermath of the great depression when farmers were on the front lines of dispossession. In the wake of the World War I wartime boom, small farms limped through the 1920s faced with low prices, over-supplied markets and rising debt. When "hard times" suddenly went viral after the stock market crash of 1929, many farmers had no reserve because they had already suffered through a decade of "hard times."
Admittedly, Marx didn't offer a practical solution for the labor problem, either. What he did, though, is present an analysis of how the accumulation of capital necessarily generates hard times both through cyclical depressions and chronic unemployment.
Although Paterson had a great deal to say about how stupid and dishonest Marx was, she didn't offer a single sentence about why he was wrong about, for example, "the disposable industrial reserve army of the unemployed" or "the law of the tendency of the rate of profit to decline." She did, however, offer this chestnut: "The collectivist, with the theory of "technological unemployment," assumes a fixed number of jobs, another arbitrary quantity." The lump of labor fallacy!
Backing up to her previous paragraph, this is how Paterson presented the alleged fallacy:
Anyhow, the collectivists were forced to admit that production had refuted Malthus, increasing prodigiously, year by year. Then they had to say that the trouble was "overproduction"; the workingman would work himself out of a job pretty soon! This theory has evoked the phrase "technological unemployment," which is said to be caused by mechanical improvements in the means of production. That is, if a machine is invented by which one man can do the work previously done by ten men, it must put nine men permanently out of employment. It sounds plausible, but is it true?
Not only is it not true, it is not Marx's argument, which presumably is what is meant by "the collectivists' theory." Marx's argument is that capital must constantly employ more labor power because labor power is what produces surplus labor. If capital gets rid of nine workers in one factory, it has to hire ten or eleven somewhere else in the economy to up the accumulation process.
Marx's theory has nothing to do with a "fixed amount of work." It has to do with disequilibria between supply and demand for commodities -- including labor power -- that is not adjusted automatically by investment, interest rates or some market deity's "invisible hand." Far from assuming a fixed amount of work, Marx argues that the accumulation of capital requires a perpetual increase in the amount of labor employed alongside an increase in unemployment.
Maybe Marx was wrong. If so, a hoary straw man argument demonstrates no such thing. How hoary? The bogus fallacy claim was 163 years old in 1943.
McCulloch, J. R. (John Ramsay). Outlines of political economy : being a republication of the article upon that subject contained in the Edinburgh Supplement to the Encyclopedia Britannica : together with notes explanatory and critical, and a summary of the science / by John M'Vickar. New-York, 1825. The Making Of The Modern World. Web. 15 Nov. 2011.
Rasbotham, Dorning. Thoughts on the Use of Machines in the Cotton Manufacture. Addressed to the working people in that manufacture, and to the poor in general. Manchester. 1780. The Making Of The Modern World. Web. 15 Nov. 2011.There is, say they, a certain quantity of labour to be performed. This used to be performed by hands, without machines, or with very little help from them. But if now machines perform a larger share than before, suppose one fourth part, so many hands as are necessary to work that fourth part, will be thrown out of work, or suffer in their wages. The principle itself is false. There is not a precise limited quantity of labour, beyond which there is no demand. Trade is not hemmed in by great walls, beyond which it cannot go. By bringing our goods cheaper and better to market, we open new markets, we get new customers, we encrease the quantity of labour necessary to supply these, and thus we are encouraged to push on, in hope of still new advantages. A cheap market will always be full of customers.Now, "a certain quantity of work to be done" was part of the the dictionary definition of the verb, to task, that is, to assign a person to perform a certain amount (and kind) of work within a particular time and place. It is useful to keep this definition in mind because the difference between Rasbotham's "certain quantity of labour" and Chalmers's "certain quantity of work" commences in a not-so-subtle shift from an indefinite abstract possibility to a finite empirical fact. But the latter fact is not some crude, static "assumption" -- it is a theoretically-refined empirical prediction, which takes into account both the abstract indefiniteness and the practical constraints upon realizing that theoretical potential.
It is always annoying to have to admit one has been wrong. But I was among those who a year ago or so was going along with those who argued inflation was transitory and the rate would probably come down later in the year. The annoying Larry Summers, along with the somewhat less annoying Olivier Blanchard, prominently argued the contrary, hauling out old-fashioned conventional macroeconomic arguments why this might be the case, replete with implicit Phillips Curves and the like. A major focus was the Biden administration's American Rescue Plan (ARP) fiscal stimulus and its large budget deficits aimed to help pull the US economy further out of the pandemic recession, but hopefully without stimulating inflation. As it turns out, the critics were right, and while the economy has grown vigorously, inflation has not only not gone down, but it has accelerated.
Obviously part of this is due to things that neither Summers nor Blanchard could foresee, two more rounds of pandemic (with arguably a third now coming on), with these aggravating the supply chain problems that played a prime role in the initial rise of inflation, and which those of predicting a decline in inflation saw as easing. And then we got Putin's invasion of Ukraine that has seriously aggravated supply side problems further in both energy and food as well as some other resource inputs such as nickel. The new round of Omicron B.2 also is hitting China, with lockdowns shutting ports and further keeping supply problems going. Supply side problems on the inflation front look likely to persist certainly through the rest of this year, even if longer range forecasts in markets still see the rate returning to the old target 2 percent range some years in the future.
Needless to say, these supply chain and side problems affect global inflation, not just that in the US. Can we distinguish the effect of more recent fiscal stimulus in the US on its inflation that Summers and Blanchard highlighted with its impact on demand on top of these global supply problems? One indicator may be a comparison with the euro area. It has experienced most of these supply problems similarly to the US. It is also the case that both engaged in large fiscal stimulus in 2020 during the initial onslaught of the pandemic when the global economy eventually plunged through the floor. But the euro area held back on this extra fiscal stimulus last year while the US roared ahead.
The crude numbers in comparison tell a Phillips Curve story. On the one hand indeed inflation in the US is now about 2% higher than in the eurozone; 7.9% compared to 5.9%. But the unemployment rate in the US is much lower: 3.8% compared to 6.8%. The difference in growth rates has not been all that sharp, although indeed the US has been faster over the past year: 5.6% to 4.6%. As for fiscal budget balances, the US is in a much more substantial budget deficit situation with it at -7.4% of GDP compared to -4.1% in the eurozone.
Of course, the ARP has nearly run its course, although in Harrisonburg where I live the city is just now debating what to do with the extra $24 million it received as part of the ARP package. The money may have been allocated, but it has not yet been spent. In any case, the new budget just proposed by Biden looks to cut the budget deficit roughly in half, although I expect that Congress will not have it do so by quite that much, especially as it will probably not go along with some of the tax increases proposed in the budget. But if indeed the budget deficit were to be cut in half, that would put the US budget balance in line approximately with what one sees currently in the eurozone.
I close by noting that in recent years the US had one extra round of fiscal stimulus that was almost certainly not needed and did not have an equivalent in the eurozone, even if it did not set off an inflation increase at the time. This was Trump's tax cut for the well off that happened early in his administration, unaccompanied by any spending cut, and that happened at a time when the US economy was nearing a full employment level. Biden's new budget proposal only partially attempts to undo that unnecessary and unuseful tax cut, but does not do so full, and very likely even the slight moves to do so proposed in the budget will not make it through the Congress.
Barkley Rosser
In previous posts, I discussed the Senate confirmation hearings plagiarism by Keisha Russell of a Washington Post column by Marc Thiessen and the shoddy scholarship of the former history professor, Allen C. Guelzo that underwrote the bizarre claim that "critical race theory is a subset of critical theory that began with Immanuel Kant."
In the latter post, I stuck to source that Guelzo cited in his published writings. There is much speculation that Guelzo's Kant to critical race theory pipeline owes its inspiration to Ayn Rand's attacks on Kant and I would like to present evidence that supports that thesis here.
Alissa Zinovyevna Rosenbaum, aka Alice O'Connor, aka Ayn Rand once called Immanuel Kant "the most evil man in mankind's history." The claim appeared in a "brief summary" in the September 1971 issue of The Objectivist. In the first half of the summary, Rand congratulated herself for the foresight of her articles in previous issues of The Objectivist. The second half was a prelude to an excerpt from a forthcoming book, The Ominous Parallels, by Leonard Peikoff, Rand's chosen successor as cult leader. "Suppose you met a twisted, tormented young man," her introduction began. It continued:
...and, trying to understand his behavior, discovered that he was brought up by a man-hating monster who worked systematically to paralyze his mind, destroy his self-confidence, obliterate his capacity for enjoyment and undercut his every attempt to escape. You would realize that nothing could be done with or for that young man and nothing could be expected of him until he was removed from the monster's influence.
Western civilization is in that young man's position. The monster is Immanuel Kant.
You may also find it hard to believe that anyone could advocate the things Kant is advocating. If you doubt it. I suggest that you look up the references given and read the original works. Do not seek to escape the subject by thinking: "Oh, Kant didn't mean it!" He did.
Dr. Peikoff's essay will help you to understand more fully why I say that no matter how diluted or disguised, one drop of this kind of intellectual poison is too much for a culture to absorb with impunity — that the latest depredations of some Washington ward-heelers are nothing compared to a destroyer of this kind — that Kant is the most evil man in mankind's history.
If a dramatist had the power to convert philosophical ideas into real, flesh-and-blood people, and attempted to create the walking embodiments of modern philosophy—the result would be the Berkeley rebels.
These “activists” are so fully, literally, loyally, devastatingly the products of modern philosophy that someone should cry to all the university administrations and faculties: “Brothers, you asked for it!”
Mankind could not expect to remain unscathed after decades of exposure to the radiation of intellectual fission-debris, such as: “Reason is impotent to know things as they are—reality is unknowable—certainty is impossible—knowledge is mere probability— truth is that which works—mind is a superstition—logic is a social convention—ethics is a matter of subjective commitment to an arbitrary postulate.” And the consequent mutations are those contorted young creatures who scream, in chronic terror, that they know nothing and want to rule everything.
If that dramatist were writing a movie, he could justifiably entitle it “Mario Savio, Son of Immanuel Kant.”
With rare and academically neglected exceptions, the philosophical “mainstream” that seeps into every classroom, subject, and brain in today’s universities, is: epistemological agnosticism, avowed irrationalism, ethical subjectivism. Our age is witnessing the ultimate climax, the cashing-in on a long process of destruction, at the end of the road laid out by Kant.
Ever since Kant divorced reason from reality, his intellectual descendants have been diligently widening the breach. In the name of reason, Pragmatism established a range-of-the-moment view as an enlightened perspective on life, context-dropping as a rule of epistemology, expediency as a principle of morality, and collective subjectivism as a substitute for metaphysics. Logical Positivism carried it farther and, in the name of reason, elevated the immemorial psycho-epistemology of shyster-lawyers to the status of a scientific epistemological system—by proclaiming that knowledge consists of linguistic manipulations. Taking this seriously, Linguistic Analysis declared that the task of philosophy is, not to identify universal principles, but to tell people what they mean when they speak, which they are otherwise unable to know (which last, by that time, was true—in philosophical circles). This was the final stroke of philosophy breaking its moorings and floating off, like a lighter-than air balloon, losing any semblance of connection to reality, any relevance to the problems of man’s existence.
It has been said that Kant’s dichotomy led to two lines of Kantian philosophers, both accepting his basic premises, but choosing opposite sides: those who chose reason, abandoning reality—and those who chose reality, abandoning reason. The first delivered the world to the second.
The collector of the Kantian rationalizers’ efforts—the receiver of the bankrupt shambles of sophistry, casuistry, sterility, and abysmal triviality to which they had reduced philosophy—was Existentialism.
Existentialism, in essence, consists of pointing to modern philosophy and declaring: “Since this is reason, to hell with it!”
But critical race theory may also be the most irresponsible way to think about race in America, and I think that's really because critical race theory is a subset of critical theory, which has got long roots in Western philosophy back to Immanuel Kant in the 1790s. Kant lived at the end of a century known as the Enlightenment, the Age of Reason, but he feared that experience had shown that reason was inadequate to give shape to our lives. There had to be a way of knowing things that went beyond reason, and for him that meant developing a theory of being critical of reason, hence critical theory. The problem was that critical theory got away. It instead justified ways of appealing to some very unreasonable things as explanations -- things like race, nationality, class -- and they gave us Karl Marx and Jim Crow and every dictatorship in between, that's especially true about race.
[Royce] ...did not want Absolute pragmatism to lapse into the usual caricature of idealism, which made ideas into nothing more than objects of idle contemplation; ideas always contain, at their core, an intention to act. And he separated his notion of the Absolute from Scottish realism, Romantic mysticism, and even some aspects of Kant.
The result of romanticism, then, is liberalism, toleration, decency and the appreciation of the imperfections of life; some degree of increased rational self-understanding. This was very far from the intentions of the romantics. But at the same time — and to this extent the romantic doctrine is true — they are the persons who most strongly emphasised the unpredictability of all human activities. They were hoist with their own petard. Aiming at one thing, they produced, fortunately for us all, almost the exact opposite.
Kant hated romanticism. He detested every form of extravagance, fantasy, what he called Schwärmerei, any form of exaggeration, mysticism, vagueness, confusion. Nevertheless, he is justly regarded as one of the fathers of romanticism — in which there is a certain irony. ...
Kant was an admirer of the sciences. He had a precise and extremely lucid mind: he wrote obscurely but seldom imprecisely. He was a distinguished scientist himself (he was a cosmologist); he believed in scientific principles perhaps more deeply than in any others; he regarded it as his life's task to explain the foundations of scientific logic and scientific method. He disliked everything that was rhapsodical or confused in any respect. He liked logic and he liked rigour. ... But if he is in any respect the father of romanticism, it is not as a critic of the sciences, nor of course as a scientist himself, but specifically in his moral philosophy.Kant was virtually intoxicated by the idea of human freedom.
...nor does Berlin ever exactly repeat himself, even when he is ostensibly recapitulating discussions that have appeared elsewhere, which means that one needs to read all his discussions of a topic to be sure that one has squeezed out every drop of what he (not always consistently) has to say about it.
The need to calculate and weigh and compromise, and adjust and test and experiment, and make mistakes and never reach certain answers or guarantees for rational action, must irritate those who seek for clear and final solutions, and yearn for unity and symmetry, and all-embracing answers. Nevertheless it seems to me the inescapable task of those who, with Kant, believe that "Out of the crooked timber of humanity no straight thing was ever made."
The liberty that they seek to realise, and the world as they conceive it, seems to me, in comparison with that of the absolutists, more rational, more humane and more nearly realisable, because they alone are compatible with what most human beings have found the facts to be.
No more rigorous moralist than Immanuel Kant has ever lived, but even he said, in a moment of illumination, 'Out of the crooked timber of humanity no straight thing was ever made.' To force people into the neat uniforms demanded by dogmatically believed-in schemes is almost always the road to inhumanity. We can only do what we can: but that we must do, against difficulties.
The final irony of Guelzo's objection to Kant, critical theory and critical race theory is that it is utterly, profoundly unreasonable. Even in his scholarly work, Guelzo makes the inexcusable first-year undergraduate error of assuming (because it is convenient to his hypothesis) that a brief passage from a 1952 lecture by a famous philosopher is the last word -- or even Berlin's last word -- on the relationship between Kant, the Enlightenment, romanticism, and irrationalism.
In his subsequent political pronouncements, Guelzo compounds his display of incomprehension with leaps of illogic such as "[t]he problem was that critical theory got away." Critical theory "got away"? Was this like a bank robbery with a "get-away" car waiting outside? Was critical theory some wild beast that escaped from the zoo?
"There had to be a way of knowing things that went beyond reason," Guelzo explained Kant's thinking, "and for him that meant developing a theory of being critical of reason, hence critical theory." There is an example of word play by someone who knows nothing of the substance or context of the words he is playing with. Whatever its merits or faults, Kant's Critique of Pure Reason did not contain the seed that, according to one account by Berlin, spawned romanticism. That honour went to his moral philosophy.
As for the "hence" that generated "critical theory" from "a theory being critical of reason," they do both contain the words "critical" and "theory." So what? As I have discussed here, Thorstein Veblen pioneered the use of the word "obsolescence" in sociology and economics. In 1928, J. George Frederick coined the term "progressive obsolescence" to refer to a strategy of accelerating the turn-over of consumer goods. Is progressive obsolescence, then, a "subset" of Veblen's critique of conspicuous consumption? If so, that would have to be demonstrated and not deduced from the use of the same words.
In his role as Heritage Foundation "Visiting Scholar," Guelzo doesn't have to demonstrate anything. He doesn't need to show you any stinking badges. All he needs to do is go on Fox News or an American Enterprise Institute podcast and make assertions that can then be repeated ad nauseum by conservative columnists and commentators until they blend seamlessly into the propaganda wallpaper that the right-wing audience can assimilate as expert-verified reality.
Every sensible man, every honorable man, must hold the Christian sect in horror. -- Voltaire
Keisha Russell is a propagandist for the "First Liberty Institute" who they grace with the title of "counsel." It looks from her resume that the counsel she provides consists of appearing on right-wing cable news and doing speaking engagements. Her bio at First Liberty doesn't mention any litigation experience and emphasizes her "commentary."
Today Russell appeared before the Senate confirmation hearing for Ketanji Brown Jackson and read a script that included a section copied almost verbatim from a Washington Post column by Marc Thiessen. Thiessen is a "conservative" columnist with the Washington Post, which is to say he is a megaphone for whatever the current right-wing talking points happen to be. On November 11, 2021, Thiessen's column was on "The Danger of Critical Race Theory" and featured talking points based on an interview with "one of our nation’s preeminent historians, Princeton University professor Allen C. Guelzo," Here is Thiessen's paraphrase of Guelzo's argument:
Critical race theory, Guelzo says, is a subset of critical theory that began with Immanuel Kant in the 1790s. It was a response to — and rejection of — the principles of the Enlightenment and the Age of Reason on which the American republic was founded. Kant believed that “reason was inadequate to give shape to our lives” and so he set about “developing a theory of being critical of reason,” Guelzo says.
But the critique of reason ended up justifying “ways of appealing to some very unreasonable things as explanations — things like race, nationality, class,” he says. Critical theory thus helped spawn totalitarian ideologies in the 20th century such as Marxism and Nazism, which taught that all human relationships are relationships of power between an oppressor class and an oppressed class. For the Marxists, the bourgeoisie were the oppressors. For the Nazis, the Jews were the oppressors. And today, in 21st century America, critical race theory teaches that Whites are the oppressors.
What is Critical Race Theory?
Critical race theory (CRT) is a subset of critical theory that began with Immanuel Kant in the 1790s. Critical theory rejected the principles of the Enlightenment and the Age of Reason on which the American republic was founded.1 Critical theory teaches that all human relationships are relationships of power between the oppressors and the oppressed.2 The oppressor/oppressed lens of critical theory helped establish totalitarian ideologies such as Marxism and Nazism. In Marxism, the rich elite are the oppressors. For the Nazis, the Jewish people were the oppressors. Today, in America, critical race theory teaches that whites are the oppressors.3
CRT’s key assertion is that racism is not the result of individual, conscious prejudices, actions, or thoughts, but rather that racism is a systemic and structural force.4 CRT teaches that racism is embedded in America’s legal system, institutions, and capitalist economy, and it demands “whiteness” as the societal norm.5
CRT demands a radical reordering of society and restructuring of the systems that perpetuate racial inequality.6
Note footnotes, "1-6." This is the prelude for the plagiarist's predictable defense, "but I cited my sources!" Nope. Citing your sources in a footnote -- which at any rate will not be visible to the hearing audience -- does not make it o.k. to copy and paste verbatim the words of someone else. Let's go through Russell's first paragraph on CRT again with the words copied verbatim (from Thiessen) highlighted.
Critical race theory (CRT) is a subset of critical theory that began with Immanuel Kant in the 1790s. Critical theory rejected the principles of the Enlightenment and the Age of Reason on which the American republic was founded. Critical theory teaches that all human relationships are relationships of power between the oppressors and the oppressed. The oppressor/oppressed lens of critical theory helped establish totalitarian ideologies such as Marxism and Nazism. In Marxism, the rich elite are the oppressors. For the Nazis, the Jewish people were the oppressors. Today, in America, critical race theory teaches that whites are the oppressors.
In my experience, that much evidence of plagiarism is sufficient to indicate that the paper in question is likely to have several more severe instances of plagiarism. I've gone through student papers with a fine tooth comb and almost inevitably one zinger is followed by many others.
Why does this even matter? In academia, it is known as "intellectual dishonesty." It is a kind of fraud, somebody attempting to take credit for work they didn't do, for expertise they don't have, and for arguments and analysis that in all likelihood they do not understand. Keisha Russell probably knows next to nothing about Immanuel Kant besides the second-hand drivel she has copied from Marc Thiessen. For that matter, Thiessen probably knows little about Kant but at least he attributed the argument to Guelzo. I personally haven't read much Kant beyond the first few pages of a few of his books, but I do know critical theory well enough to recognize that "preeminent historian" Guelzo doesn't know what he is talking about.
As Max Horkheimer pointed out in his 1941 essay, "The End of Reason," skepticism about reason has also been fundamental to reason. Kant was following the tradition. He gives examples going back to the Socratics, Descartes, Locke, and David Hume.
As the epigram of this post suggests, that arch Enlightenment figure, Voltaire, didn't hold Christianity in high esteem. Neither did he have much regard for the common people -- the rabble -- "We have never intended to enlighten shoemakers and servants,—this is up to apostles," he wrote to D'Alembert in September of 1768. Is it Professor Guelzo's contention that it was the original intent of the framers of the constitution to honor those "principles of the Enlightenment and the Age of Reason"?