Daily Archives: April 23, 2012

14 posts

What Happened on the MV Joyita?

In Haruki Murakami’s surrealist fantasy The Wind-Up Bird Chronicle, Lolita-esque spitfire May Kasahara recalls a house on the block where she used to live that carried a distinct air of malice. It was later known that an unspeakable act occurred there  in the Miyawaki family, dubbing the outcast property the “Hanging House.” But it wasn’t just the act of what happened that had the town thoroughly spooked. It was the aftermath. Continue reading

The Moral Failings of Supply Side Economics

The other day I had a debate with a math student. He defended the mathematical soundness of the Laffer Curve and, by extension, the efficiency of supply side economics. Maybe the Laffer Curve has theoretical soundness, but it’s never been shown to work at levels of taxation like ours. Furthermore, there’s a real human cost when attempts have been made to try to make it work here. That’s even provided that the people keeping so much money in lower taxation actually keep it in the same curve. If we’ve learned anything from Mitt Romney and his Cayman residing millions, it’s the one glaring human reason as to why the Laffer Curve will never work anywhere. As for “efficiency”; let’s just say that my friend had a limited understanding of what that word means in the field of economics. These points were all lost in the morass of my friend’s Math Chat. Continue reading