Monday, June 7, 2010

Seyward Darby does not understand economics

There are so many things wrong with Seyward Darby's New Republic piece and I have so much to do this week (finishing off big posts, lining up some more work, getting the bugs out of a text-mining tool), that I'm going to limit myself to just one for now.

The story here is not which teachers get laid off; the story is the utter insanity of mass firings by the government during the worst economic meltdown of the Postwar Era. As previously shown, this negates all of our stimulus efforts and comes disturbingly close to replicating Herbert Hoover's response to the Great Depression.

Even if Darby's arguments were sound (and they're not), the article would still be little more than a distraction. We find ourselves in a burning building; Darby wants to stop and talk about radon levels.

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