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Confidentiality Expires For 1940 Census Records

Hugh Pickens writes writes "In spring of 1940, the Census Bureau sent out more than 120,000 fact-gatherers, known as 'enumerators,' to survey the nation's 33 million homes and 7 million farms. Now as the 72 years of confidentiality expires, the National Archives website buckled under the load as the 1940 census records were released and 1.9 million users hit the archives servers in the first four hours the data went public and at one point, the Archives said, its computers were receiving 100,000 requests per second. Data miners will have the opportunity to pick and chip through more than 3.8 million digital images of census schedules, maps and other sociological minutiae. What will we learn from this mother lode? The pivotal year 1940 'marked the beginnings of a shift from a depressed peacetime to a prosperous wartime,' says David E. Kyvig, author of Daily Life in the United States, 1920-1939. The vast data dump, Kyvig says, will allow historians 'to look closely at particular communities and how people within them were doing in terms of employment, income and material comforts.' The 1940 census was the first Census that looked deeper into the details of much of American life. 'As we see how the country evolved over the subsequent 20 years, where we have aggregate census data ... we ought to be able to see more clearly how government spending bettered everyday life, confirmed Keynesian economic theory and revealed that, before the war, the New Deal did too little, rather than too much, to stimulate the U.S. economy."" Get all 18TB of it while it's hot.

54 of 311 comments (clear)

  1. correlation != causation by starworks5 · · Score: 5, Insightful

    Just because the government was able to implement a Keynesian solution to that economic problem, does not mean that it holds the solution to every economic problem, for instance one that involves post - peak natural resource production.

    1. Re:correlation != causation by MSTCrow5429 · · Score: 2, Insightful

      /.is really trolling today. I've seen multiple stories on the 1940 census records release, and zero mentioned this discredited economic theory.

      --
      Slashdot: Playing Favorites Since 1997
    2. Re:correlation != causation by starworks5 · · Score: 3, Interesting

      Keynesian economics did increase the total workforce participation, but your right about the destroyed industrialized countries being a part of it, so did the neo-colonialism of the late 19th and early 20th century. Now that we can no longer access such cheap resources, and don't have a significant advantage in manufacturing, we (and also Europe) are left with an inflated economic bubble that's collapsing. Simply put is that our total factor productivity is too low and resources too high, to be able to demand the amount of money that we expect from our labor. And though Keynesian economics might help by being able to tax unproductive consumption, it also hinges on the ability to target more productive investments, which is essentially trading consumer spending for capital expenditures. But even if you completely automate production of a thing, say for instance the mining of copper which now requires demolishing entire mountains, its not going to lower the price enough to make it as affordable as it used to be.

    3. Re:correlation != causation by supadjg · · Score: 4, Insightful

      It's from Darren Aronofsky film "Pi", which has some great lines:

      "Hold on. You have to slow down. You're losing it. You have to take a breath. Listen to yourself. You're connecting a computer bug I had with a computer bug you might have had and some religious hogwash. You want to find the number 216 in the world, you will be able to find it everywhere. 216 steps from a mere street corner to your front door. 216 seconds you spend riding on the elevator. When your mind becomes obsessed with anything, you will filter everything else out and find that thing everywhere."

      "As soon as you discard scientific rigor, you're no longer a mathematician, you're a numerologist."

    4. Re:correlation != causation by repapetilto · · Score: 4, Insightful

      It's impossible to say what would have happened without the war.

    5. Re:correlation != causation by AHuxley · · Score: 2

      Political parties in Germany got funding to stop the "Communists" - US funds did flow into Germany.
      Small German political parties got funds for new trucks, rallies -
      http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar
      The US invests in people - Latin America, Asia, Africa - the cold war was full of strong friendly dictators, keep going back a few more years...

      --
      Domestic spying is now "Benign Information Gathering"
    6. Re:correlation != causation by georgenh16 · · Score: 2, Informative

      I will argue exactly that: what happened in 2009 was a result of government social engineering forcing quasi-businesses Fannie+Freddie to give loans to people who couldn't pay them back.

      If Keynsian economics "works" then why was the depression so long? Why do we still have unemployment above 8% after the "stimulus"?
      The answer is it doesn't work, and FDR+Obama made things worse.

      Every dollar the government spends is a dollar taken from the free market.

    7. Re:correlation != causation by repapetilto · · Score: 3, Insightful

      Keynes is not only good for the economy, it's good for the soul.

      Really?? Before Keynes no country ever survived a depression?

    8. Re:correlation != causation by jellomizer · · Score: 3, Insightful

      Not to mention after the war. The United States was the largest nation that had the least collateral damage. So the decades to follow while Europe and Japan was rebuilding the United States had a near monopoly on trade. The USSR was a threat however the way they implemented communism it created a situation where people didn't have that much motivation to build very competitive products, with a few exceptions mostly in weapons.
      Combined with people living on rations for years, a government forced saving program. When the war was over, people had money, they wanted to spend it and with the GI Bill a lot of these people went to college and got better educated. As well as their time in the war gave a lot of these people discipline that they wouldn't have gotten else ware. While some of the Stimulus spending helped, but not so much in terms of spending but in the fact that it rebuild and improved key areas of the infrastructure.

      Monopoly + (Disciplined + Educated) Work Force + With a lot of money saved up + Improved Infrastructure = Dominate Economy.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    9. Re:correlation != causation by starworks5 · · Score: 2

      While it is true that every dollar spent by government equates to a dollar from the free market, but that doesn't mean that the ROI on the money is less in all government spending programs than the money would have been in the free market. More specifically government spending is used for positive externalities, where the aggregate ROI exceeds the individual ROI (like firefighting, roads, education). Part of the reason why we have higher unemployment, is that the work itself is becoming automated and less necessary. As total factor productivity rises and resources become more expensive, there will become many more unemployed and poor people, and it will have nothing to do with obama or FDR or even bush.

    10. Re:correlation != causation by jcombel · · Score: 5, Interesting

      not sure if trolling, or just revisionist

      fannie+freddie were not forced by law to to give subprime loans. they were compelled by the market forces, as propelled by de/unregulated banks (2004 lowered Debt Capital Rule, unregulated derivatives and CDO market, Gramm-Leach-Bliley Act, DIDMCA, adjustable-rate mortages), which allowed the major institutions to over-leverage themselves while dealing out predatory ARMs.

      if fannie+freddie had not existed the 2008 FC would have still happened in the private sector alone. northern rock, countrywide, bear stearns, lehman brothers, merril lynch would have still all collapsed/required government takeover. the (de)regulatory framework simply allowed them astronomic profits at substantial risk, with the knowledge that any failure would cause systemic collapse, thus requiring government action, thus mitigating any risk to the personal wealth of the execs and traders.

      yes, fannie+freddie were headed by some fuckups that made decisions very similar to the large banks. but they were the decisions of private executives; these organizations were not compelled by law to seek inappropriate mortgages and then leverage them on the CDO market. they were compelled by high profits and low effective risk, just like the other speculative lenders.

    11. Re:correlation != causation by David+Greene · · Score: 2

      Every dollar the government spends is a dollar taken from the free market.

      No. Those dollars are used to hire contractors, etc., all from your "free market," which is just "the market." There is no separation between government spending and any other spending. It all goes to the same places.

      --

    12. Re:correlation != causation by Opportunist · · Score: 2

      I'm pretty sure what also helped was that the ability to produce overseas and import the crap instead of making it at home was severely limited due to the likeliness of transports being sunk.

      Want to get the economy back on track? Get it back home.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    13. Re:correlation != causation by Opportunist · · Score: 3, Insightful

      If I didn't fear China's economic power yet, I would start right now.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    14. Re:correlation != causation by Raul654 · · Score: 2

      I will argue exactly that: what happened in 2009 was a result of government social engineering forcing quasi-businesses Fannie+Freddie to give loans to people who couldn't pay them back.

      Then you obviously have no idea what you are talking about. You didn't even get the date of the recession right. It started in September 2008 with the bankruptcy of Lehman brothers.

      Although it's popular among Fox news viewers to blame the recession on the Fair House Act and political pressure to lend to minorities as you just did, the facts don't back up this argument at all. Minority lending in the pre-recession economy was something like 5% of the total mortgages. Even if every single one of those loans was made because of the FHA (they weren't), and even if every single one of those loans was bad (again, not true), it still wouldn't even come close to explaining why the housing market tanked or why the economy exploded. The housing market collapsed because (a) home prices were vastly overinflated, twice their inflationary-adjusted historical levels (b) credit was too easy to come by, allowing people to purchase overly expensive houses with no down payment, (c) The people taking out mortgages were unaware of how dangerous an adjustable-rate mortgage is, particularly those where the rates automatically increase after a year or two. (d) There was - thanks in large part to republican deregulation - a decoupling of mortgage brokering from mortgage lending. So the people brokering the mortgage had an incentive to find unqualified borrowers, inflate (read: lie) about their ability to pay the loan back, and quickly sell off that mortgage to someone else, who has to eat the loss when the person defaults on the loan. Meanwhile, (e) republicans in the Fed and Congress prevented the government from doing anything to regulate this. The net result of all of this was a bubble that, when the downturn happened, burst.

      But that still doesn't explain why the economy tanked. A bad housing market drags the economy down, but a housing downturn is not sufficient to explain why the entire economy imploded. Why was this particular housing downturn different from all the rest? The answer is that for the first time in history, we started treating the housing market like the stock market. With credit default swaps ('financial weapons of mass destruction' is how Warren Buffet refers to them), hundreds or thousands of mortgages are packed together into an investment vehicle. The problem is that if even handful of people in that mortgage pool go bankrupt, the CDO starts losing money. If lots of them go bankrupt, it becomes worthless. This risk was not well understood and CDOs were rated AAA grade. So all of Wall Street suddenly began chasing CDOs like they were the end-all-be-all of investment, not realizing that a downturn would render them worthless.

      Worse, thanks to the Republicans in congress (and Phil Graham in particular) an important piece of New Deal era legislation was gone. The Glass-Steagal Act prohibited limited all companies to doing either commercial banking, investment banking, or insurance. Under Glass-Steagal, a company cannot, for example, be both an insurance company and a commercial bank. In essence, Glass-Steagal acted as a firewall between important sections of the economy, preventing a downturn in one from spreading like poison to the others. In 1999, Republicans passed (admittedly with Bill Clinton's help) the Graham-Leach-Bliley bill, which repealed Glass-Steagal. With Glass-Steagal gone, every segment of the financial world was prone to a downturn in any one area of the market.

      Worst still, the failure of the Federal Government to enforce anti-trust regulations - again, thanks to Republicans - meant that companies could get so large that their bankruptcy would endanger the whole economy. Thus "too big to fail" was born. If you ask me - and most people would agree - too big to fail means to big to exist.

      At every every along the way to the great recession, the Republicans pushed for the things that caused the meltdown.

      --


      To make laws that man cannot, and will not obey, serves to bring all law into contempt.
      --E.C. Stanton
    15. Re:correlation != causation by aslagle · · Score: 4, Informative

      Wow....just....I don't even know how to respond to the sheer number of fallacies in that paragraph.

      Instead, I'll focus on the biggest whopper:

      Russia became paranoid and autocratic as a defensive measure,

      WTF?!? Are you seriously saying that Russia *wasn't* paranoid and autocratic until *after* WWII? Stalin was General Secretary of the Communist Party from 1922 on, and used that position to consolidate power. His centralized planning of the economy resulted in the famine that caused mass uprisings, which led Stalin to command the "Great Purge" in 1937-38.

    16. Re:correlation != causation by marcello_dl · · Score: 2

      Another war fought mainly outside US borders is the gulf war. How much stimulus did US get out of it? Maybe the war is a giant broken window fallacy?

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      ---- MISSING MISCELLANEOUS DATA SEGMENT --- [sigdash] trolololol
    17. Re:correlation != causation by JackieBrown · · Score: 2

      The USSR ... didn't want anything to do with the war originally, that is until Germany decided to invade them anyways.

      Tell that to Poland

    18. Re:correlation != causation by starworks5 · · Score: 2

      Germany invaded Poland first, and the russians beat back the polish, and ended up in control of it as a result.

    19. Re:correlation != causation by starworks5 · · Score: 3, Insightful

      The autocracy was a result of constant existential threats, much like what occurred in the USA.

      I have a saying "terrorists need tyrants, like tyrants need terrorists", but it generally applies to the relationship fear and control.

      His centralized planning also led to the industrialization of the country, but there was a chicken and the egg problem where you have to move people from farming, and you dont have anything to sell but agriculture to build factories. Many non communist countries have had this same exact problem, even countries that recieve IMF development (often capitalist dictators), but we like to use it as fodder against the communists.

      its not as if our dictators are less dispicable than theirs (chile and iran come to mind), or that our development from agriculture to industry was less worse (irish famine) ( US slavery) (germ warfare).

    20. Re:correlation != causation by tnk1 · · Score: 4, Informative

      That would all make sense, if Stalin hadn't been planning all along to attack Germany, he just needed to wait longer for his forces to redeploy and his officer corps to rebuild after killing 90% of them. And yes, maybe he needed to ramp up production, but his military woes were really caused by the lapdog morons he put in command and his own micromanagement. I mean, he needed to dig up Zhukov after executing Tukhachevsky, the guy who pretty much invented the deep operations concepts that won the war for the Soviets. If the Red Army had had a reasonable tactical doctrine, as well as professional military leaders running the show, you can be certain that the Germans would not have gotten anywhere near as far as they did into the USSR. They may have even been repulsed.

      And let's not forget that the Red Army had absolutely no compunction about attacking the Finns during the Winter War. They even shelled some of their own troops to provide the reason for the invasion. The only reason Finland wasn't a Soviet Socialist Republic was the sheer incompetence of the Red Army staff, which is understandable because it was filled with lapdogs, and generals and colonels recently promoted from the lofty grade of lieutenant due to "staff rotation via gunshot to the back of the head".

      As for the USSR's economy, they had no concept of "sustainability" and "equality" in their economic focus, unless you consider that everyone in their sphere was equal in that they needed to do what Moscow said. If you were lucky, you'd be like Cuba, where you got subsidies so that you could continue to stay in power and piss off the Americans. That's nothing more than aid to prop up your friends, not economic equality. That's like saying we give aid to Pakistan because we think that they deserve equality and sustainability.

      There is also nothing new about Russia being paranoid and autocratic at any point. Russia has been paranoid and autocratic since before the reign of Ivan the Terrible, let alone during Stalin. They're still paranoid and autocratic, albeit to a lesser extent. The #1 reason that the USSR carved out its sphere of influence is that Stalin pretty much assumed that the Western powers would do what he would do, which is to say invade when they smelled weakness. And while Operation Unthinkable existed, it was a theoretical plan that was drawn up due to was assumed to be Stalin's next step (ie. invasion of Western Europe), not because they wanted to invade the USSR and take over. I should also point out there was a reason it was called "Unthinkable". For those who don't know, it was because they didn't want to do it, and they were pretty sure that they would either fail miserably or the victory would be at so terrible a cost that it would have been Pyrrhic at best.

      Of course, there were certainly many misunderstandings between the superpowers during the Cold War. And certainly the US got itself dirty playing in the mud with the Soviets, but I can't think of a single case where the US or the West legitimately considered an attack, or even a pre-emptive strike on the USSR that was not specifically for the purposes of defending against the gigantic Red Army presence in either Eastern Europe or their efforts to spread communist revolution around the world. As it stands, I think the fact there was no war is a testament to how both sides realized that it wasn't worth ending the world to spread their power via global war.

    21. Re:correlation != causation by starworks5 · · Score: 2

      "The overall political or political object is to impose upon Russia the will of the United States and British Empire...."

  2. Why was it confidential? by Henriok · · Score: 2, Insightful

    OK it's somewhat sensitive information, but why was it confidential for so long?

    --

    - Henrik

    - when the Shadows descend -
    1. Re:Why was it confidential? by ClioCJS · · Score: 5, Funny

      Because it's somewhat sensitive information.

      --
      -Clio
      Karma: Bad (mostly from not giving a fuck)
      Blog: http://clintjcl.wordpress.com
    2. Re:Why was it confidential? by uberdilligaff · · Score: 4, Informative

      Because that was the law under which the sensitive information was collected. The average US life expectancy in 1935 was 61.7 years, so 72 years would mean that the privacy issues would be moot for most of the folks enumerated in the Census -- they weren't expected to be around to complain 72 years later. The laws that established the Census go way back -- I don't know when the 72 years criterion was established. Life expectancy was even shorter the farther back you go.

      --
      Against stupidity, the Gods themselves contend in vain. --Friederich Schiller
    3. Re:Why was it confidential? by Anonymous Coward · · Score: 2, Informative

      Because if it had not been promised to remain confidential, people wouldn't have filled it truthfully.

    4. Re:Why was it confidential? by vlm · · Score: 5, Interesting

      LOL human death back then, as now, was a bathtub distribution, like electronics parts. So most people died as little kids or elderly. Back then pretty much all preemies died as a general rule, for example, unlike now. All the "average" means is the ratio of how many died as a baby vs died as an old man. I'd guess that means about two kids died young for every 8 or so that died elderly, which seems to fit in with actual genealogical data I have on my ancestors...

      The "real story" (in quotes because even pages of and pages of this stuff is still merely a summary of the real sources) can be read at

      http://www.census.gov/history/www/reference/genealogy/the_72_year_rule.html

      The exact number 72 was selected because in 1952 they wanted to give away the 1880 census information. Essentially declassify it by transfer from the BC to the NA. I think you can see the math there, 1952 - 72 = 1880 The exact 72 year range has stuck since then.

      The legal BS behind the general range of "more than 70 years" was selected, as you'll read at the link above, because the census officers had to / have to take an oath to never release the data. Assuming someone lied on their application and got hired anyway at 10 (unlikely), and assuming that even in extenuating circumstances there are no govt employees of any sort over the age of 82 (unlikely), that means waiting 72 years means the oath takers successfully did their duty and while it was in their power, blah blah blah, they never released the data. Essentially its your usual govt corruption. Technically according to the rule of the law the folks who gathered your 2010 census data will Never permit the release of the 2010 census data .... Never ... of course they'll be dead or retired eventually at which point it'll be released anyway in 2082, assuming the country doesn't self destruct first, at which time the oath takers will all be dead or retired.

      Its legal bullshit because if you're convicted of a crime by a judge, just because a judge dies or retires doesn't mean you're a free man. Another example would be the priest who married me and my wife about a dozen years ago by the process of signing the marriage license recently died... that does not automagically make us single. Also from my military experience the death of a guy who classified a document doesn't automagically free that document.

      If someone invents an immortality treatment, we'll have to come up with some new legal technicality bullshit. But for now 72 years works and is the tradition.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    5. Re:Why was it confidential? by Gideon+Wells · · Score: 2

      Our State Representative who served in WWII is only retiring this election because they redistricted him out of a district. He was very skilled in finding ways to apply being born/raised in the depression as an advantage.

      But yeah, they should have waited a few more years (a decade or two) if that was their goal unless they had a hard percentage of estimated survivors as a trigger.

      --
      by Anonymous Coward: I, for one, welcome the shift from car analogies to pizza analogies. um.. overlords?
    6. Re:Why was it confidential? by Skater · · Score: 4, Funny

      Essentially its your usual govt corruption.

      I like how you just equated people following the law with government corruption. No bias here! Good show.

  3. 18 Terabytes?! by ndogg · · Score: 4, Interesting

    Someone gonna torrent that?

    --
    // file: mice.h
    #include "frickin_lasers.h"
    1. Re:18 Terabytes?! by Anonymous Coward · · Score: 2, Funny

      I think you can get it from megaupload.com

    2. Re:18 Terabytes?! by arth1 · · Score: 5, Insightful

      No, the reason for the 100,000 requests per second is largely - drumroll - mormons.
      No, I'm not kidding. Honestly.

      Part of their religion is that they hold baptisms for dead people, so they allegedly get a chance to become mormons after their death, and thus gain greater rewards[*]. In order to do that, they engage extensively in genealogy. Really extensively.

      Their accuracy isn't much to brag about, though. I discovered through a search engine that someone in the LDS church had done a baptism "for" my departed father. And got most of his details wrong, including his birth year and family relations. But now it's "official" as far as they're concerned.
      They refuse to strike this from their records - I am "welcome to" submit correct information, but I don't want them to have that either. How about they stick to their own, and leave the rest of us alone?

      But yeah, mormons cause a huge part of the traffic.

      [*]: Like being reunited with one's loved ones, or becoming a Mr. and Mrs. God of a new planet. No, I'm not making this up. Religion is stranger than fiction.

    3. Re:18 Terabytes?! by dasunt · · Score: 4, Interesting

      Their accuracy isn't much to brag about, though. I discovered through a search engine that someone in the LDS church had done a baptism "for" my departed father. And got most of his details wrong, including his birth year and family relations. But now it's "official" as far as they're concerned.

      I've done a fair bit of genealogy. It's a decent geek hobby, it doesn't cost too much, takes a large amount of time, and requires good problem solving skills and the ability to judge and verify information. Plus it tends to tie in with a lot of history and geography, which I'm interested in. I'd recommend it.

      I'm not a professional genealogist, but I have found situations which may explain the conflicting information for your father. It could be due to two people with similar names, or misinformation on public records, etc.

      Someone I'm probably descended from lived about 50 miles away from someone else with the same name in colonial times. They were about the same age. They both married, and some of their children share the same name as well. Its common to see details from both individuals in other family trees.

      A similar situation exists with myself - when I went to school, there was someone in the same school with my name. Different birthdate, but roughly the same age. Anyone who attempts a family tree with me in it will probably run into the same problem.

      Public records are not immune to this either. Some of them show interesting errors. The state and the federal government disagree on the date my grandmother died - the state thinks she died a day earlier than the feds. Anyone who hasn't seen the records would consider any genealogical research with the wrong date to be "sloppy". Nowadays, with the Internet, its pretty easy to get both records. But even 15 years ago, having retrieved just one record wouldn't be unusual. Another case would be a great-grandmother of mine, who had the amazing ability to age only 8 or 9 years between each census - she kept lying about her age on every census in order to be younger than she actually was. (In addition, her children could never agree on her father's name either - marriage records and the death certificate give conflicting information.)

      Of course, a large problem with genealogy today, especially Internet genealogy, is the severe amount of copying that goes on among amateur genealogists, especially with the lack of verification and citation for the source of information. Citations are very important when it comes to research - there are going to be mistakes in records, and you always want to know the sources when it comes to conflicting information in order to verify which one is correct. Someone may be listed as a son or daughter on the census, but instead turn out to be a stepson or stepdaughter or other relative. Or perhaps a person's name was recorded incorrectly. Blindly following this information results in flawed family trees. But some people are not patient enough to do this, and instead tend to add people without verification or hunting down the source. These are the same people who tend to copy from other individuals family trees, which compounds the problem.

      This is one reason why I won't publish my family tree, in its current form, online - I have links and information in my family tree that are, quite frankly, a "best guess". As long as the notes and citations are included, it's clear that the information requires further verification, but if put on-line, the information would most likely be copied into countless other family trees and stripped of citations and notes. I'd rather not do that. ;)

      As for the LDS's obsession with genealogy, I tend to really appreciate it. The amount of preservation of old records the LDS has done is amazing, regardless of the reasoning behind that. And really, post-death baptism shouldn't be too upsetting. If you're religion or lack of religion is so weak that a religious ceremony once you're long dead will put you in jeopardy, I think you're belief is misplaced.

  4. Re:As Krugman says by starworks5 · · Score: 5, Interesting

    This is called "The Broken Window Fallacy", but is essentially a cornerstone of alot of economic policy, because rebuilding things (that were destroyed) creates jobs. In fact I hear alot about 'creating jobs', for example recent talks in my state for a casino, even though its a negative sum game. Even part of our throw away culture is defined by the measurement of GDP for economic success, since the sale of a single part contributes less than the sale of a whole new device. Now its no surprise that warfare, exploitation of and shipping resources around the world, may have not been the most efficient use of our time. But I have a belief that had the greedy capitalist pigs, not gone to war to protect their 'private property' from the 'communist looters', we would have ended up with a more 'free market' than we have now. Furthermore the more homogeneous development and lower diminished returns on both natural and human capital, would have increased aggregate human development and economic productivity, and probably have reduced the population and factored resource inefficiencies.

    America has a god given right to demand a bigger piece of the pie, even if that means destroying some of it in the process, because were exceptional and gods chosen people. Which is essentially our 19th and early 20th century intellectual rhetoric, we found what was essentially virgin land that we exploited, in order to create our version of order in the world.

  5. Re:Keynesian solution my ass! by starworks5 · · Score: 2

    I believe that government has a role to play in the economy, but not one that is in bed with the private sector, which is where most of the waste is derived from. However if your talking about it from a liberty perspective, there is essentially two forms of liberty (actually a plurality), the government and private sector both advocate differing varieties.

    http://en.wikipedia.org/wiki/Liberty#Freedom_as_a_triadic_relation

  6. Re:Keynsian Theories by starworks5 · · Score: 5, Informative

    Technically speaking all money is now a form of debt, and what governments tend to do anymore is issue debt in their currency, and then inflate the currency to keep the debt/gdp level low enough to prevent default.

    Its mathematically impossible for everyone to pay off all debt in the system that we currently have now, the inflation is what makes the active pursuit of money (and therefore production) obligatory.

  7. Re:Keynsian Theories by repapetilto · · Score: 3, Insightful

    I have gathered that point, however there is more than one way to get rid of debt.

    I think that is kind of tangential to what I was asking though. Keynes advocated "counter-cyclical" spending, correct? Inflate during recession and deflate during boom times (yes, people and businesses will default because of this policy). What we have instead is constant inflation.

  8. 1940 regulation? by SirGarlon · · Score: 2

    Still I would rather have a 1940 size US government with a 1940 size budget and 1940 amount of federal regulations. (and a 2012 respect for civil rights)

    • Equal Pay Act of 1963
    • Civil Rights Act of 1964
    • Age Discrimination in Employment Act of 1967
    • Fair Housing Amendments Act of 1988
    • Americans with Disabilities Act of 1990

    All of the above and more are from the postwar period. I don't think you can have it both ways: 2012 respect for civil rights is only possible through 2012 regulation. One could say the same about clean water, food safety, highway safety, and other important issues.

    --
    [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    1. Re:1940 regulation? by SirGarlon · · Score: 4, Insightful

      I'm not claiming that all regulation is good. The examples you cite (regulating price of electricity, the TSA) are clear examples of stupid, counterproductive regulation.

      My position is that without Federal law to suppress a host of discriminatory practices, the bigots would still be in charge. Without Federal law to prevent dioxin in the ground water, companies would still be dumping toxic waste. The quality of life we take for granted did not magically emerge as we all became enlightened. It required the big stick of government regulation to stop the elite from abusing the rest of the public.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
  9. Re:Keynsian Theories by TheMathemagician · · Score: 2

    Pretty much. But people forget today that Keynes was specifically addressing the problems of the Great Depression of the 1930s. The world is so different now that it's by no means certain that Keynes himself would advocate the same solution for the current recession. I therefore tend to tune out anyone condemning a policy on the basis it's "Keynesian".

  10. Re:As Krugman says by TheLink · · Score: 2

    This is called "The Broken Window Fallacy",

    Actually there's a difference since War may involve killing lots of people.

    If the number of people goes down but the amount of assets and resources don't go down as much, it means the survivors/victors have more.

    --
  11. Re:As Krugman says by Luckyo · · Score: 2

    This theory assumes infinite resources. Reality is a polar opposite, as European nations discovered after WW2. The continent was literally plundered of natural resources that were strip-mined to fuel war machines.

  12. Re:As Krugman says by Shining+Celebi · · Score: 5, Interesting

    Krugman's exactly the kind of ivory-tower asshat who believes that there's such a thing as a good war.

    No, he doesn't. He's said the right kind of war would help the economy, not that any war is a good thing. Krugman is consistently anti-war. He's also said an arms built-up to fight an alien invasion would be good for the economy and have great secondary effects (from research and whatnot.) He's also not seriously advocated that we arm up to fight an imaginary alien invasion.

    But you can sit their in your smug, self-righteous libertarianism and keep pretending Krugman is a hack who hasn't consistently made very accurate predictions and the Nobel prize in economics is a fraud

  13. Re:As Krugman says by repapetilto · · Score: 4, Informative

    The economics nobel prize is pretty strange. It is actually the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel".

  14. Re:Keynsian Theories by DigiShaman · · Score: 2

    Keynsian is a bullshit method by pushing the problem into the future which only makes it that much worse. Pay now, or pay dearly later. That's because inflation is just a side-band form of taxation. Also, by targeting your budget into the future, you're actually effecting the present which in turn alters the very future you're trying to predict in the first place.

    --
    Life is not for the lazy.
  15. Re:As Krugman says by jellomizer · · Score: 2

    No, you are thinking money in terms of your own bank account as a limited fund system. An Economy isn't as much about how much money but how much of it is moving. The more people the more money that can be moving at any point and a stronger economy. Now what slows it down is people who stop moving their money around as much. Such as our current situation where the Banks had stopped giving loans, that causes the people who needs the loans to not make purchases right away and save up funds. So the flow of money isn't as fluid anymore it is building being saved up. Which when it passes a threshold of when this happens too much that the person who is trying to save the money isn't getting as much revenue from a combination of lack of expansion and other people not spending to save their own money.

    A higher population normally helps reduce this problem by averaging out the savers with the spenders. But also with a larger work force you have more competition where you have higher quality people to choose from. It feels like it sucks for the common Joe having so many people to compete with jobs, However if they are willing to see where their skill sets are they can find a job at their level. And jobs are available because there are more people who are buying goods and services.

    Part of the success of the Baby Boomers was the influx in population. Today we see those immigrants as pull on our society, however I am under the impression if their skin was a little lighter they would have been welcomed as an important pool to keep the US population up, so we can keep expanding.

    --
    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
  16. Re:As Krugman says by repapetilto · · Score: 3, Insightful

    The main claim is that government often creates more problems than it solves, then gets stuck in a loop of never ending quick fixes each generating more unintended consequences.

  17. Copyright vs Census by Immerial · · Score: 3, Interesting

    Anybody else find it interesting/sad that the time limit on copyrights is longer than the privacy time limit on the Census records? Just a clear indication that corporations are valued above people.

  18. Re:As Krugman says by ultranova · · Score: 2

    This is called "The Broken Window Fallacy", but is essentially a cornerstone of alot of economic policy, because rebuilding things (that were destroyed) creates jobs.

    The Broken Window Fallacy makes the assumption that resources would be put to optimum (or at least some) use without the window being broken. It assumes that replacing the broken window wastes the precious time from the already full schedule of busy glassmakers; in other words, it assumes that the main economic problem is producing as much as possible.

    But that's not true of our current societies. We are producing plenty. The problem we face is that of distribution: as automation advances, less and less human labour is needed to produce the same output. At the same time our incentive structure is designed to reward work and penalize not working. As the amount of jobs steadily decreases, the system ends up penalizing people for not doing work that's not available.

    The long-term solution requires rethinking our values, especially our dislike of people getting things without working for them (which is hypocritical anyway, since we are just fine with "investors" getting the rewards from other people's work). In the short term, however, breaking windows works as an emergency measure: it wastes resources, but gives the otherwise unemployed glassmakers something to lose besides their chains.

    --

    Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

  19. Re:As Krugman says by SaroDarksbane · · Score: 2

    Yes, we all just have to accept the "truth" that the solution to too much debt is more debt, and that using scarce resources to make goods that nobody wants and are not useful to anybody will make us all wealthy beyond our wildest dreams.

    Of course, the kind of garbage peddled by mainstream economists can't even be proven wrong, because "The solution to a depressed economy is more liquidity" is a statement that can't be falsified. If the central bank prints up 20 trillion dollars and it doesn't help anything, Krugman and his ilk simply shrug and says "Eh, must not have been enough."

    But the important thing to remember is that anyone who disagrees with him is a member of an irrational cult who doesn't believe in truth or science.

  20. Re:As Krugman says by repapetilto · · Score: 2

    Your wife forces you to eat her crappy cacciatore? Does she also send you to the store to buy the ingredients?

  21. Re:As Krugman says by Gilmoure · · Score: 4, Insightful

    If the central bank prints up 20 trillion dollars and it doesn't help anything, Krugman and his ilk simply shrug and says "Eh, must not have been enough."

    No, Krugman says it wasn't spent correctly and yes, the $700B of the stimulus was half what he prescribed. Instead of being injected at the bottom of the economy (working folk and main street businesses), it was piled on to the top, where it was used to keep paying out bonuses to the very people that caused this mess in the first place.

    When the financial industry makes up 40% of the economy, purely by shuffling paper and gambling, that's actually acting as a drag on the economy and not helping things. The TBTF banks should have been broken up *and* liquidity should have been aimed at jobs creation. Instead, you have a gov't that's heavily influenced (run?) by bankers and financiers who can't see any further than the edges of Manhattan. No idea how we're going to get out of this one, unless they go and dig a moat around New Yawk and stop listening to all the yammerheads over there.

    --
    I drank what? -- Socrates
  22. Re:As Krugman says by mcgrew · · Score: 2

    1. Correlation is not causation
    2. There is no correlation, let alone causation. We had a recession in the 1950s and an even worse one in the 1970s. The cold war had nothing to do with economic fluctuations. And we had a boom in th 1990s after the Soviets broke up.

    What happens is you have a war, the economy booms, then it crashes when you have to pay for that war. The '50s recession was paying for WWII and Eisenhower's dream (I'm glad for it, the interstate highways are great). The '70s recession and inflation paid for the horribly expensive Vietnam war. Our present economic woes are from fighting TWO expensive wars.

    Nothing is more expensive than war, cold or hot.

  23. Re:As Krugman says by lacaprup · · Score: 2, Insightful

    But you can sit their in your smug, self-righteous libertarianism and keep pretending Krugman is a hack who hasn't consistently made very accurate predictions and the Nobel prize in economics is a fraud

    Krugman has consitently failed to predict anything since he helped lead Enron into an abyss about 14 years ago. Almost eveything he espouses has been proven to be bunk in the wake of Greece, Spain and Portugal in Europe, and his claims of "not enough spending" on the failed Obama stimulus plans is the type of overly general crap that mean nothing. Typical Keynesian... "no matter how much we spend, it's never enough." Further, he has more than once taken obvious disengenuous positions about a true Nobel laureate, Milton Friedman. Seeing as how his sheep-like readership has never actually read Freidman, they'll never know.