Shakezula Thinks I Have No Business Commenting on Transgender Rights

Angry Teacher Explaining Transgender RightsLast week I wrote, Bill Maher, Donald Trump, and the Existential Threat. It was not about transgender rights. But I did note, “As with same sex marriage, I don’t think [transgender bathroom use] is a particularly big issue.” I added, “When LGBT people are still commonly beaten up and even murdered, these other worthy causes strike me rather more as easy and non-threatening things that the straight community can do until the descriptor LGBT itself because pointless.” But Shakezula and others at Lawyers, Guns & Money thought I was very wrong. In fact, Shakezula even responded that I had “no business commenting” on the subject.

I Wasn’t Writing About Transgender Rights

Remember that my article is not about transgender rights. The article is about the notion that Donald Trump is an existential threat. It argued against the idea that we should all give up our liberal principles because of This Year’s Existential Threat to Truth, Justice, and the American Way. I did come back to the issue of transgender rights. At the end, I wrote, “It is not the time to pretend that we aren’t liberals — to back off on transgender bathroom rights or anything else.” So I think you can see that the problem we have here is not that I don’t support transgender rights, but that I admit to a hierarchy — bathroom rights not being at the top of the list.

Let’s consider same-sex marriage for a moment. Most liberals these days think that it is the very definition of LGB rights. Yes, it is a sign of the progress we have made. But if you want to pick a single issue that galvanized the LGBT rights movement, it was the AIDS epidemic. And yes, the hundreds of thousands of Americans who died of AIDS was far more important than same-sex marriage. That doesn’t mean that I’m unaware that different kinds of prejudice work together. For example: voting rights and lynching.

The truth is that we all prioritize, and I was deeply offended that Shakezula seemed to think that I had no business commenting on transgender rights if I don’t follow his orthodoxy. Not that I think he was commenting on me specifically. There were only 16 click-throughs from that trackback. And I doubt that any of the commenters made it past the second paragraph where they got their outrage fix.

A Comment That Could Start a Conversation

The whole thing started with this comment, which I think explains everything. Commenter JL wrote:

Huh, I followed this link back and while this person thinks Maher is wrong, they also don’t think that bathroom access is a very important issue for trans people compared to harassment and murder. That’s an impressive misunderstanding. Bathroom discrimination for trans people is connected with suicide attempts, excessive absence/dropping out of school, avoiding going out in public [PDF], physical violence, and physical health problems like UTIs and kidney infections.

Now, I’m actually aware of all this. But if I weren’t, I would want to be. So shouldn’t that comment be made here where I would see it? After all, anyone can comment here. It isn’t like at Lawyers, Guns & Money where one must register to comment. But no. The comment wasn’t intended for me. What’s more, it wasn’t intended to increase transgender rights. It was meant to preach to the choir and prove how worthy and liberally pure JL is.

Outrage Is More Important That Engagement

So let’s sum up. I wrote an article encouraging liberals not to abandon their principles just because Donald Trump is running for president. I specifically mentioned not retreating on transgender bathroom rights. And I get a bunch of “holier than thou” liberals who most likely read at best part of my article complaining that I didn’t understand transgender rights. And by extension, the rights of any oppressed group.

Nice going people! Especially you Shakezula! Very liberal. Very open-minded. So very helpful.

Afterword

If I sound angry, it’s because I am. Over the past few years, I’ve become more and more intolerant of what I see as “middle class liberalism.” One of the commenters wrote, “I feel that anyone who dismisses bathroom access as a ’boutique’ issue or as a not very serious problem should be willing to forgo any use of public bathrooms. For a start.” Well, has this commenter ever tried to find a bathroom in San Francisco as a homeless person? I suspect not. I suspect that very self-righteous commenter has never been homeless and broke. I have. Many of my friends have been. I am not surrounded by the effete class. The “boutique” is Lawyers, Guns & Money, where financially stable people can increase the happiness of their lives by pointing out just how “noble” they are. What a pathetic show of self-righteousness!

Free Trade: From Promise to Scam

Matt Taibbi - Free TradeClinton promised that free-trade agreements would emphasize new environmental standards, would expand the rights of workers in signatory countries, that we would not trade with countries that employed subsidies or tariffs against us, and that displaced domestic workers would eventually see gains after being retrained and redeployed for new jobs that would eventually appear to replace the lost ones.

“To the men and women of our country who were afraid of these changes,” Clinton said, “the gains from this agreement will be your gains, too.”
It was never articulated this way, exactly, but the basic promise of free trade was that the American middle class would experience temporary losses that over time would be balanced out by increased growth worldwide.

It was trickle-down economics, only repackaged with an international spin: After a long trip around the world, the wealth eventually gets back to you.

Twenty-three years later, we see how all of this has turned out. There have been some improvements in the economic condition of foreign workers.
But we never excluded politically oppressive regimes from free-trade deals, never made sure that trade partners weren’t also massive human rights violators, never seriously worried about environmental enforcement. Mostly, we just made cheap, un-free foreign labor available to Western manufacturers.

Even a onetime die-hard NAFTA cheerleader like staunch Clinton supporter Paul Krugman, who once compared free trade’s critics to the anti-evolutionist followers of William Jennings Bryan at the Scopes Monkey Trial, now admits that the case for “ever-freer” trade is a “scam”…

—Matt Taibbi
A Republican Workers’ Party?

Peter Thiel: Totalitarian Collectives Bad; Authoritarian Leaders Good

Peter ThielI remain committed to the faith of my teenage years: to authentic human freedom as a precondition for the highest good. I stand against confiscatory taxes, totalitarian collectives, and the ideology of the inevitability of the death of every individual. For all these reasons, I still call myself “libertarian.”

But I must confess that over the last two decades, I have changed radically on the question of how to achieve these goals. Most importantly, I no longer believe that freedom and democracy are compatible. By tracing out the development of my thinking, I hope to frame some of the challenges faced by all classical liberals today.

—Peter Thiel
The Education of a Libertarian

Thomas Friedman Don’t Need No Lifelong Learning!

Thomas Friedman - Artist's ConceptionTwo weeks ago, Thomas Friedman wrote, Web People vs Wall People. “Web people” are the Good Guys who accept what Friedman believes: that the more interconnected the world is, the better. The “Wall People” are, of course, Donald Trump and Bernie Sanders followers who don’t think much of this whole globalization thing. Leave aside that Trump supporters are mostly xenophobes who are well to do and don’t really care about economics. You get the idea of his argument.

But I was really struck with something that he said, that sound suspiciously like what Bill Clinton was pushing in 1992. He said that Hillary Clinton was “refraining from telling people the hardest truth: that to be in the middle class, just working hard and playing by the rules doesn’t cut it anymore. To have a lifelong job, you need to be a lifelong learner, constantly raising your game.” That’s interesting, I think.

Lawrence Mishel Is a Livelong Learner

It reminded me of something that Lawrence Mishel wrote last year, Failed Theory Posed by Wall Street Dems Puts Hillary Clinton in a Bind. It it, he noted, “There was a time where it was plausible to argue that more education and innovation were the primary solutions to our economic problems.” But since then, we’ve learned a lot. Friedman famously said, “I didn’t even know what was in it. I just knew two words: free trade.” Two words and he’s for CAFTA! Mishel is a brilliant economist who looks at actual data — and learns.

So here is Mishel, roughly the same age as Friedman, continuing to learn. But Friedman, the man stealing ideas from a politician 25 years ago hasn’t learned a thing since at least 2005 when he published The World Is Flat. I guess it’s just the poor who need lifelong learning and not overpaid columnists who write constantly about economics without actually knowing anything about it.

Thomas Friedman Married Well

And Thomas Friedman isn’t just wealthy. I read this from the great Norman Solomon:

Throughout his journalistic career, Friedman has been married to Ann Bucksbaum — heiress to a real-estate and shopping-mall fortune now estimated at $2.7 billion. When the couple wed back in 1978, according to The Washingtonian article, Friedman became part of “one of the 100 richest families in the country.”

That was in 2011, when Thomas Friedman and his wife were building a $10 million house. I don’t care. As Solomon noted in the article, this doesn’t make Thomas Friedman’s arguments invalid. But it does make you wonder. There is no doubt that globalization is a great thing when you are part of one of the hundred richest families in America. And everyone has a frame. Friedman’s not too open about his frame.

Thomas Friedman Stop Learning Long Ago

But it’s amazing to think. We went through NAFTA and it didn’t work as promised. (Since then, various different justifications have been offered.) We’ve been through the Dot-Com bust. We’ve been through the Great Recession. We have seen worker salaries stagnate — including those of the college educated. And what did Thomas Friedman learn from all this? Zip! Nada! Not a damned thing!

Yet there he is: a columnist at The New York Times! And it’s not just that. Those in power listen to him (or he’s just an apologist for them). And he’s here to tell us that all we have to do is open ourselves up to education. I have a better education than Thomas Friedman — in a supposedly valuable STEM discipline! And as a professional freelance writer, I am by definition a lifelong learner. But it hasn’t helped me that much. It certainly hasn’t helped me the way marrying into the General Growth Properties family did Thomas Friedman.

Lifelong learning is for the prols! It’s for the people who didn’t marry well. It isn’t for Thomas Friedman!

Bill Maher, Donald Trump, and the Existential Threat

Bill Maher - Trump Existential ThreatOn this week’s Real Time, Bill Maher made the argument that Donald Trump is such an existential threat to the country that we must all put our pet issues aside and just get Hillary Clinton elected. His focus was on transgender rights. He noted that in 2008, Obama was not publicly in favor of same sex marriage. Obviously, he was privately. Maher’s point was that Obama was being strategic. He didn’t want to torpedo his campaign for the sake of an issue that would bring out the crazy conservatives to vote against him.

Over at Lawyers, Guns & Money, Shakezula was not pleased. He[1] particularly didn’t like the notion of transgender rights being a “pet issue.” I understand and sympathize. But I do think he grabbed onto that one statement rather harder than is reasonable. For one thing, Maher was talking about bathroom choice for transgender people. As with same sex marriage, I don’t think it is a particularly big issue. When LGBT people are still commonly beaten up and even murdered, these other worthy causes strike me rather more as easy and non-threatening things that the straight community can do until the descriptor LGBT itself because pointless.

But Is Trump an Existential Threat?

None of this means that I agree with Maher. The truth is that each presidential election is framed as an existential threat to our republic. Both parties do it, although clearly there is the stink of demagoguery in the Republican arguments that Bill Clinton and Barack Obama were extremists. But there is a lesser bit of nonsense that comes from us Democrats. Certainly Trump would be a far worse president than George W Bush was. But then, Bush was a far worse president than his father. If Donald Trump becomes president, I guarantee you that the Republicans will offer up an even worse candidate than he.

None of this should come as a surprise. Richard Nixon is now seen as quite the reasonable politician except for that little paranoia problem. But he was responsible (with the aid of his inside man, war criminal Henry Kissinger) of extending the Vietnam War for at least four more years, leading to the deaths of at least 21,000 American troops. People now talk about Reagan’s willingness to raise taxes as some super-ability, as though the “no new taxes ever” philosophy of the Republican Party is normal in any functioning democracy.

Trump Would Be a Catastrophe — Like All Republicans

Donald Trump RNC BounceDo I think that Donald Trump would be a total catastrophe for our nation? Yes! Although like with George W Bush, I don’t think we would get a Trump presidency. For six years of the Bush administration, it was Dick Cheney running the executive branch. I have no idea who would be running the country under Trump, but I know it wouldn’t be Trump himself, because he has no interest in it. But the biggest problem with a Trump presidency would be that he would likely get to appoint two Supreme Court Justices — just like Bush. And good luck with transgender rights under those circumstances.

But that’s going to happen even if Trump dies on 9 November 2016 and we get “reasonable” Mike Pence as president. Or, for that matter, any nationally known Republican. The truth is that the Republican Party is simply terrible. Trump may be stupid, ignorant, and gauche, but he isn’t especially different from other Republicans. He’s the symptom, not the cause of Republican dysfunction.

Liberals Need to Be Liberals

So as liberals, now is not the time to panic. There is no more existential threat than usual. It is not the time to pretend that we aren’t liberals — to back off on transgender bathroom rights or anything else. If this election is an existential threat to our nation, then they all are. And that means that liberals should always be abandoning their beliefs to win this one election. And we’ve seen what this has brought us: a Democratic Party that is in the mushy middle and is too often unable to beat a party made up primarily of mad men.


[1] I assume that Shakezula is a man, given that posts at his personal blog are posted by “Jules.” If anyone has contrary information, let me know.

Joseph Stiglitz on the Neoliberal Management of Globalization

Joseph Stiglitz - neoliberal globalizationHow can something that our political leaders — and many an economist — said would make everyone better off be so reviled?

One answer occasionally heard from the neoliberal economists who advocated for these policies is that people are better off. They just don’t know it. Their discontent is a matter for psychiatrists, not economists.

But income data suggest that it is the neoliberals who may benefit from therapy. Large segments of the population in advanced countries have not been doing well: in the US, the bottom 90% has endured income stagnation for a third of a century. Median income for full-time male workers is actually lower in real (inflation-adjusted) terms than it was 42 years ago. At the bottom, real wages are comparable to their level 60 years ago.

—Joseph Stiglitz
Globalization and Its New Discontents

Karol Markowicz Thinks Liberals Created Trump

Karol MarkowiczI’ve gotten to the point that I think Paul Krugman is irrelevant. He hardly blogs. And he has very little to say. Perhaps my thinking about him is tainted by the fact that I read a lot of economists. I’m an Economist’s View addict, so I read a lot of other economists’ blogs. I even read a fair number of academic papers. (Being able to understand economics papers is probably the biggest benefit of my physics PhD.) But last night it occurred to me that Krugman must still write his column. And given that the primary is over, it wouldn’t be yet another article about how horrible Bernie Sanders is. But instead of his newest column, I was brought to an article by Karol Markowicz, How Paul Krugman Made Donald Trump Possible.

I didn’t have to read the article. I knew what was in it. If I hadn’t decided to write this article, I wouldn’t have read Karol Markowicz’s trite “blame the other side” rant. It’s not that she’s a bad writer. But her Twitter account has pinned to the top of it a February tweet, “I’ve never voted for a Democrat and I’m not starting with Donald Trump.” She seems to be big in the “Don’t vote for Trump because he’s a liberal” camp. Anyone thinking that can’t be too deep a political thinker. But she was born in the USSR. As I’ve noted often before, people from old communist countries are often easy marks for the Republican Party. They are fooled by its ostentatious rhetoric of “freedom” combined with the authoritarianism that they find comforting (even if they don’t realize it).

Karol Markowicz’s Argument

The argument Karol Markowicz makes is that Krugman and other liberals made Trump possible because they said mean things about “reasonable” Republicans. For example, people called Mitt Romney “dangerous.” She spends quite a lot of time setting up her argument quoting that great political commentator Ellen DeGeneres. But fair enough: liberals attacked conservatives in the past. Is it not acceptable to call Romney “dangerous” without seeing Donald Trump as categorically different — and worse? Is it really the case that Republicans told themselves, “Well, liberals are going to call us terrible things regardless, so let’s nominate someone even worse!”?

If that’s the case, why haven’t the Democrats done the same thing? After all, for all of my adult life, Republicans have called every Democratic president a socialist. I remember this was especially true of Bill Clinton. Yet today, Bill Clinton is held up as almost a Republican hero. If they could get away with claiming him their own, they would.

This has reached the level where Bernie Sanders wasn’t laughed out of public life because he calls himself a socialist. Because here’s the truth: Bernie Sanders is no socialist; he’s just an old fashioned New Deal Democrat. So the effect of calling every Democrat a socialist — and in many cases a communist — has not caused the Democrats to nominate a socialist. I wonder why?

Krugman Normalized Trump!

Karol Markowicz wrote:

Yet a few weeks ago Krugman wondered how Republicans could rally around Trump “just as if he were a normal candidate.” It was exactly Krugman who normalized him! What makes Donald Trump normal to so many is that they’ve heard all the hysteria from people like Krugman.

Not really. Since the early days of the Bush administration, Krugman’s complaint hasn’t been that this or that Republican has been an outlier but that being a con artists was basically what defined the party. And he made actual arguments. The truth was that Romney, who Karol Markowicz calls a “good man,” was a con artist. His economic plan was thoroughly analyzed and shown to be a fraud. And there is no way Romney could not have known that given that the only people he could get to go along with his plan were his friends.

How Trump Is Different

There is no categorical difference between Romney’s tax plan and Donald Trump’s. And I don’t recall Krugman or anyone else saying there is. Donald Trump is categorically different in his explicit racism and that’s what people have focused on. As I (and countless other liberals) have noted, outside of his explicit racism (the Republican Party has long been simply implicitly racist) and his bizarre foreign policy (which is closely tied to his racism), he’s a standard issue Republican.

I blasted Avik Roy the other day. But at least he understands that the basis of the Republican Party’s power is racial resentment. Karol Markowicz is unwilling to admit that truth. “It’s the fault of we liberals! If only we had said that Romney was a perfectly acceptable candidate for president, the Republican base would never have voted for Trump!”? Give me a break! The same Republicans who proudly voted for Trump this year were complaining that they lost in 2008 and 2012 because McCain and Romney weren’t conservative enough.

And this “liberals created Trump” theory comes from Karol Markowicz, who appears to think that Trump isn’t conservative enough herself. Unbelievable.

Dean Baker’s Summary of the 2016 July Jobs Report

Dean Baker on 2016 July Jobs ReportThe Labor Department reported the economy added 255,000 jobs in July. With the June number revised up to 292,000, the average for the last three months now stands at 190,000. The household survey also showed a positive picture, with employment rising by 420,000. With new people entering the labor force, the employment-to-population ratio (EPOP) edged up by 0.1 percentage point to 59.7 percent, while the unemployment rate remained unchanged at 4.9 percent…

Other news in the establishment survey was also positive. The length of the average workweek edged up by 0.1 hours leading to an increase in the index of aggregate weekly hours of 0.5 percent. There also is some evidence of more rapid wage growth. The year-over-year increase in the average hourly wage was 2.6 percent. The annual rate comparing the average for the last three months with the prior three months was 2.8 percent. If this continues, workers will be able to get back some of the share lost to profits in the downturn.

While the household survey is mostly positive, there are some aspects that continue to suggest labor market weakness. The duration measures of unemployment all increased in July, with the average duration of unemployment spells rising from 27.7 weeks to 28.1 weeks and the median from 10.3 weeks to 11.6 weeks. These durations are more consistent with a recession than a strong labor market.

Similarly, the number of people involuntarily working part-time rose slightly to 5.94 million. This followed a sharp drop in June, but it is nonetheless quite high for a labor market with an unemployment rate of 4.9 percent. Also, the percentage of unemployment due to voluntary job leavers remained at 10.7 percent. This compares with peaks of more than 12.0 percent before the recession and over 15.0 percent back in 2000.

One interesting note is that the least educated workers appear to be the biggest beneficiaries of recent job growth. The EPOP ratio for workers without high school degrees rose by 2.1 percentage points for the month and is 1.6 percentage points above its year ago level. The unemployment rate for this group is 1.9 percentage points below the year ago level. By contrast, the EPOP ratio for college grads is down by 0.5 percentage points from its year ago level while the unemployment rate is unchanged. The unemployment rate for workers with just a high school degree fell by 0.5 percentage points over the last year.

One positive item in this report is a sharp drop in black teen unemployment from 31.2 percent to 25.7 percent. These data are highly erratic, but the June level was a sharp reported rise from a low of 23.3 percent in February.

This is mostly a very positive report. In addition to the strong growth in jobs in the establishment survey, the household survey also showed a large jump in employment. The increase in hours, coupled with some evidence of more rapid wage growth, add to the positive picture. The labor market still has some way to go to fully recover, but it is making progress.

—Dean Baker
Employment Again Rises Sharply in July

Greased Pig Chases Aren’t Allowed! Except They Are

Greased Pig ChaseI understand that the feeling of outrage is delicious. We all need to get our anger out and there’s nothing so great as righteous outrage. But like anything, a little of something can be good where a lot can be bad. Think: water. It is because of this push towards outrage that I often find myself on the receiving end of stories like, “Did you know that Target forbids their employees from saying ‘Merry Christmas’ to their customers?!”

Statements like these would have set me off… when I was 13 years old. But over the past 40 years I’ve learned a few things. One is that these stories are often not true. For example, Target never told its employees to stop using the word “Christmas.” So when I hear something along these lines, I usually sigh and assume it isn’t true. But another thing I’ve learned is that when the story is true, it is almost always way more complicated and nuanced than claimed.

No Greased Pig Chases!

This brings me to Wednesday. My father has a regular lunch date with his friends on Tuesday. And so my father told me something he learned from his friends: the Sonoma County Fair had canceled the greased pig chase. This is where a pig is smeared with grease and children run around and try to catch it. According to the experts at the luncheon, it was canceled because someone thought it was cruel to the pig.

Sigh.

Learning this put me in a difficult position. First, I was pretty sure the story wasn’t true. Second, I do think it’s cruel to the little pig. I know I wouldn’t want a bunch of five year old kids running around trying to catch me. But given other things we do to pigs, a greased pig chase isn’t high on the list of cruelty. For example: burning pigs (don’t watch it). So I found it hard to believe that suddenly people were freaking out about greased pig chases.

Political Correctness — in 1971

But it is true that people do care about the issue. Greased pig chases (and related activities) are illegal in Minnesota. But this isn’t the result of our political correct culture that has gotten such a boost from Donald Trump. That law was passed in 1971. Is that the case in California? No.

I went online and found Free Family Fun at the Sonoma County Fair. And there on the 24th of July was, “Catch a greased pig on Farmers Day.” Maybe if a single man at the luncheon actually cared about greased pig chases, they would have known this. But I doubt anyone at the luncheon had ever participated in such an event — or even seen one outside a movie.

Growing Old Sucks; Grow Up!

But they were all only too happy to grouse about the fact that the America they knew is being destroyed. Of course, it isn’t an America that they ever knew. It’s just an excuse to bitch: kids today don’t get the joy of doing what the vast majority of children never did in the past. But as I noted: it’s understandable.

I can see as one grows older, one naturally feels that their culture is dying. That’s because it is. But it isn’t because liberals like me are murdering it; it’s just the way the world works. Poor children learn that rich children get more ice cream. The universe isn’t fair. Why can’t old people learn that the culture leaves them behind?

But barring that, they could at least find real things to complain about.

Stephen Breyer’s Bizarre Reversal of the Use of “Courtesy”

Ian Millhiser - Supreme Court CourtesyTo explain, the “GG” in [Gloucester County School Board v GG] is Gavin Grimm, a trans high school senior who challenged his school’s discriminatory bathroom policy. Grimm won in a federal appeals court, and the school district sought a stay of that decision from the Supreme Court. Although Breyer opposed granting the stay, he nonetheless voted with his four conservative colleagues to grant it, explaining that he did so “as a courtesy” that “will preserve the status quo (as of the time the Court of Appeals made its decision) until the Court considers the forthcoming petition” asking the justices to hear this case on the merits.

Such “courtesy” votes are fairly common in death penalty cases due to a quirk of the Supreme Court’s rules. It takes four justices to agree to hear a case, but five to grant a stay. To prevent a situation where the Court announces that it will hear a capital case, only to have that case become moot after the inmate at issue in that case is executed, a fifth justice often grants a courtesy vote to stay that execution while the case is pending.

Courtesy votes in death penalty cases, in other words, acknowledge the fact that death is irreversible. If an individual is executed, and the Court later decides that this execution is illegal, not even the Supreme Court of the United States has the power to bring this individual back to life.
Nothing about Gavin Grimm’s case is analogous to the irreversible machinery of death. When Grimm returns to school this fall, he will either be afforded his full measure of civil rights, or he won’t be. If the school district allows him to use the men’s room, and then a Supreme Court decision holds that the district is free to lock Grimm out of that bathroom, then there is nothing preventing the school district from doing so in the future.

Indeed, the irony of Breyer’s courtesy vote is that it may bring about the very circumstance that these votes are supposed to prevent. Again, courtesy votes are cast in death penalty cases to prevent an irreversible event from frustrating the Court’s jurisdiction over a case. The stay that Breyer voted to grant will remain in effect until “the issuance of the judgment of this Court,” if the Supreme Court agrees to hear this case. But the Court may not issue its judgment until late June, weeks after Grimm will have graduated from high school.

In extending “courtesy” to his conservative colleagues, in other words, Breyer may have taken away Grimm’s one shot to have his rights vindicated.

—Ian Millhiser
The Inexplicable “Courtesy” That Could Elect Donald Trump

Avik Roy Cries Into His Beer

Avik RoyZack Beauchamp sat down in a bar and had a talk with Republican pseudo-intellectual Avik Roy, A Republican Intellectual Explains Why the Republican Party Is Going to Die. Avik Roy is so sad, I just want to give him a nice big hug. Just kidding! I actually want to slap him and tell him to grow up.

Avik Roy, like a lot of Republicans whose jobs don’t depend upon not doing so, is attacking Donald Trump. In the article, he noted that the Republican Party and the conservative movement is driven by white nationalism and not what he sees as true conservatism: limited government, social conservatism, and a strong military. But did it really take Donald Trump to make Avik Roy realize that the Republican base wasn’t actually in it for the tax cuts they never got? For the deregulation that caused them to lose their jobs? For the lead in their drinking water that mentally retarded their children? I don’t think so.

Avik Roy: Conservative Apologist

And this isn’t just my guess: Avik Roy is a conservative so he must be wrong. I’ve been following him for years. He’s never had a new idea — an unknown conservative approach to policy that might make the nation or the world better. Instead, he just hunts around for ways to justify conservative policy. Read my article, Avik Roy: Healthcare Apologist.

It describes part of Roy’s years’ long effort to find some healthcare system that was more “free market” than Obamacare. It always ended up the same way: he didn’t know how the system actually worked and it turned out that Obamacare was actually more “free market.” If he were an honest broker (or the “wonk” he claims to be), he would have admitted that Obamacare was the most “free market” healthcare system that could possibly work. But of course, it didn’t matter because like all conservative elites, he’s fine with the poor dying from treatable disease.

In addition, back in 2013, Roy explained what all this business of “equality of opportunity” really meant to Republicans like himself, Avik Roy Says Republican Reform Just Branding. It didn’t mean that kids got the same education and nutrition; it meant only that there weren’t explicit laws stopping the poor. In other words, as long as America didn’t have a caste system, we had equality of opportunity.

Avik Roy Is Responsible for Donald Trump

In this way, he was clearly lying to the American people every time he mentioned “equality of opportunity.” (Note: he waited until after the 2012 election to write that article.) This is a definition that is totally outside what the vast majority of Americans think the term means. So Avik Roy, the man now crying into his beer at the New York bar, has always seen his job being to lie to the American people generally and the Republican base in particular.

So now Donald Trump comes along and gains control of the Republican Party and the conservative movement by being a flat-out racist. Hey Avik: you were a big part of building Donald Trump and the modern Republican Party. I simply can’t think low enough of you to accept that it took the events of the last year for you to realize that the Republican Party and the conservative movement are built on a bedrock of racism.

Shame on Vox for giving this vile man the opportunity to whine and say he would never have supported a racist party. He should be in a room somewhere doing penance. And we should never hear from him again. Because he owns Trump. He was a big part of the machine that built Trump.

Gold Is Not a Good Hedge Against a Bad Economy

Royal Economic SocietyGold has not served very well as a hedge against bad macroeconomic and stock market outcomes. That is the central conclusion of research by Professors Robert Barro and Sanjay Misra, published in the August 2016 issue of the Economic Journal. Their study draws on evidence from long-term US data on gold returns, as well as gold returns during some of the worst macroeconomic disasters experienced across the world.

Gold has historically played a prominent role in transactions among financial institutions even in modern systems that rely on paper money. What’s more, many observers think that gold provides a hedge against major macroeconomic declines. But after assessing long-term US data on gold returns, the new research finds that gold has not served consistently as a hedge against large declines in real GDP or real stock prices.

From 1836 to 2011, gold delivered low average real price appreciation and experienced high average volatility. The mean real rate of price change was 1.1% per year, close to the 1% average real rate of return on three-month US Treasury Bills and comparable assets.

—Royal Economic Society
Gold Has Never Been a Great Hedge Against Bad Economic Times: Evidence From Decades of Us and Global Data