 |
| Cecilia Rouse |
As Beethoven might put it, "Ta ta ta taaaaa!"
The Senate just voted 95-4 to confirm Cecilia Rouse to lead the Council of Economic Advisers.
The Joe Biden pick is best known for her paper “Orchestrating Impartiality: The Impact of ‘Blind’ Auditions on Female Musicians,” co-authored with Claudia Goldin.
Expertise in sexism when it comes to orchestra auditions should really help her deal with providing Joe with sound advice when it comes to the developing explosion in price inflation and government debt.
Rand Paul, Tom Cotton, Rick Scott and Tommy Tuberville stepped up against the madness and voted against the nomination.
-RW
Love your first line, it actually made me laugh out loud. The appointment seems especially absurd. But the truth is no political appointee will offer helpful advice. That would be to minimize or eliminate all government activity in economics. That's just never going to happen. But from a political perspective it is a brilliant appointment. From the man who said "...if you're confused about voting for me you ain't black..." Be confused no more.
ReplyDeletehttps://www.youtube.com/watch?v=1HX1Ae-ZJgs
ReplyDeleteGreat fact check. Makes her an even better political choice by Biden. She will be able to professionally bend the empirical data to the benefit of her overseers.
Deletehttps://statmodeling.stat.columbia.edu/2019/05/11/did-blind-orchestra-auditions-really-benefit-women/
ReplyDeleteI forget the title, but John T. Flynn had a great book about FDR (I am sure I could find it in the time it takes to write this sentence), and one of the chapters was called "Dance of the Crackpots." The chapter was essentially an introduction to all the nutjobs that FDR had surrounded himself with, and their nutty ideas.
ReplyDeleteEnjoy that little piece of history. No way it would repeat itself. No way...
Update before I click Publish, it was called The Roosevelt Myth, and the crackpots chapter was chapter 6. Worth anyone's time who foolishly thinks people just went insane yesterday..
David B.
Probably "The Roosevelt Myth." Or maybe "Country Squier in the White House."
DeleteI have both, but my books are all disorganized since having moved recently.
Oops---you got it. Yep.
DeleteThank you David B, the crackpots even had the wealth cap and the UBI way back in then! Great recommendation. It is free at mises.org
ReplyDeleteYep, you're welcome. And all this MMT nonsense about how the government can't really go bankrupt was floating around then too.
DeleteHeh, side note, I'm always amazed at how foolish the MMT crowd is. As if it's some novel concept that the guy with the most guns, printing his own money, can't go bankrupt. Shocker! It has been known since the days of Nicole Oresme, at least, that the prince can do whatever he wants with his coins. It will be the people, not the prince, that suffer.
MMT looks at money creation as though we're worried about the prince's fortunes. That's why you see statists are so drawn to that economic "school". They care about the government, not you. And they want you to know, don't you worry dear peasant, the government will always be just fine.
David B.