Military Spending Should Be Cut

Joe Biden’s recent budget proposal includes increases to military spending. Many on the left criticized this part of the budget proposal and then Noah Smith criticized them and defended the decision. Smith’s argument for increased military spending is comically bad. First he argues that there isn’t a tradeoff between military spending and other kinds of… Continue reading Military Spending Should Be Cut

Socialism and Industry

Over the last year, I’ve been slowly re-reading notable intellectuals in the socialist canon and recording podcasts about them. My “Socialism Series” currently has 8 episodes spanning from François-Noël Babeuf to Moses Hess. In the podcast so far, I have covered only pre-Marx socialists (Marx is next) and tried to emphasize a few things about… Continue reading Socialism and Industry

The Inflation Question

Inflation is up and there is a debate about why this is. One explanation is that consumer demand increased a lot because people are using their pandemic transfer payments and pandemic savings to buy goods and services. Producers have responded to this demand in part by ramping up production, e.g. by adding 5.8 million jobs… Continue reading The Inflation Question