Quote Of The Day

“Here’s the $64 dollar question for which I’ve never seen progressives provide a satisfactory answer.  Why is per capita GDP in Western Europe so much lower than in the US?  Mankiw seems to imply that high tax rates may be one of the reasons.  I don’t know if that’s the answer, but if it’s not my hunch is that the factors that would explain the difference are other government policies that the left tends to favor (strong unions, higher minimum wages, more regulation, generous unemployment insurance, etc.)  So I think Mankiw is saying that if we adopt the European model, there really isn’t a lot of evidence that we’d end up with any more revenue than we have right now.  Further evidence for this hypothesis is that the few developed countries that do have much lower tax rates than the US (Hong Kong and Singapore) now have much higher per capita GDPs (PPP) than Western Europe.  Yes, they are small and urban, but Western Europe is full of small countries of about 6 million people that have less than 5% of the population in farming.”  — Scott Sumner, professor of economics at Bentley University, discussing a post by Mankiw that Yglesias responded to

58 Responses to “Quote Of The Day”

  • I haven’t studied these subjects in enough depth, but I have a vague sense of some of the causes. After WWII the United States possessed 6% of the world’s population and 50% of the world’s wealth. State department planners understood this and were determined to maintain that balance. So they structured a global economic order that continues to provide the U.S. with these advantages.

    State violence, requested by our corporations, has resulted in enormous profits for U.S. businesses. Go back to the United Fruit Company in Guatemala. You have a country not selling out the population for the interests of U.S. corporations? No problem. Portray them as communist and smash them. Edward Bernays, the father of public relations, got that one done. Worked pretty well, so it has been repeated as necessary for dozens of additional countries. Europe doesn’t have those advantages these days. Though they’d done it in the past and in those cases (such as the Belgian Congo) without even a pretense of benevolent ambitions. Basically we want money, so we’re going to kill everyone. You can’t be so blatant about it today. You have to pretend you have good intentions. But this made Europe rich as it makes the U.S. rich today.

  • Like the war in Iraq – were making a killing off of that investment. ;_)

  • Yes we are. The few trillion in costs pale next to the multiple trillions in resources that are now under our control. And remember the key is not just to have them so you can use them, but to control them. George Kennan, a head of State Department planning, said that control of Middle East oil gives the United States “veto power” over the interests of foreign nations. It’s a tremendous economic advantage. Kennan said this even when North America was a net oil exporter. It’s not that we need the oil. We need to control the oil which is so vital to everyone else. We have our hand on the spigot. Others have no choice but to comply with our demands or we can strangle them.

  • Jon,
    I understand where you’re coming from, and historically, you’re on pretty solid ground. The U.S. interventions in Guatemala and Chile and elsewhere were definitely motivated by a certain amount of economic imperialism. But I don’t think I completely buy the application of this template to the war in Iraq.

    Nobody was more against the Iraq War than I was, but I think there were plenty of good reasons to oppose it that made more sense than this one does.

    Just my two cents.

  • I’m not sure what you mean, LawrenceB. Are you saying that this was was not about control of resources? If not, what was it about? It’s not about freeing people from oppression. If you want to relieve suffering and oppression there are plenty of other targets. How many millions are dead in Africa over the last year?

    It’s worth remembering what the Bush administration thought this was really about at the time. Here’s are some comments from one of his press conferences.

    “In New York tomorrow, the United Nations Security Council will receive an update from the chief weapons inspector. The world needs him to answer a single question: Has the Iraqi regime fully and unconditionally disarmed as required by Resolution 1441 or has it not?”

    “We are determined to confront threats wherever they arise. I will not leave the American people at the mercy of the Iraqi dictator and his weapons.”

    Here’s Colin Powell:

    “. . . Let me put the question to you directly and clearly in the simplest terms that I can. The question simply is: has Saddam Hussein made a strategic, political decision to comply with the United Nations Security Council resolutions? Has he made a strategic, political decision to get rid of his weapons of mass destruction? That’s it in a nutshell. The question is not how much more time should be allowed for inspections. The question is not how many more inspectors should be sent in. The question simply is: has Saddam Hussein made a strategic decision, a political decision, that he will give up these horrible weapons of mass destruction and stop what he’s been doing for all these many years? That’s the question. There is no other question.”

    Here’s The New York Times quoting White House Spokesman Ari Fleischer.

    “We have high confidence that they have weapons of mass destruction,” said the White House spokesman, Ari Fleischer. ”This is what this war was about and is about. And we have high confidence it will be found.”

    It’s not just the position of the US, but also Britain. Here’s Jack Straw:

    “The position of the British government is very straightforward. Yes, of course, in a different world we would like to see a different government running Iraq but so far as 1441 is concerned, the purpose of 1441 is to secure the disarmament of Iraq’s weapons of mass destruction.

    That, and that alone, we have made it clear, the British Prime Minister Tony Blair has made clear repeatedly, that if Iraq complies with 1441 and disarms of its weapons of mass destruction, we accept that the government of Iraq stays in place and let us make that clear and that has always been clear. Saddam Hussein has known that.”

    Well, obviously that isn’t right any more. What is it now? Democracy promotion? Is the fact that Iraq has the highest quality and easily accessible untapped oil reserves a mere coincidence?

  • LaurenceB, I wrote a question for you, but it awaits approval from HP. I think it may have had too many links so it was blocked. Anyway, what it amounted to was I’m not sure if you are saying that you don’t think we invaded for economic reasons. Is that right?

    I pointed out also that it’s worth noting what the reasons were at the time. I posted that at my own blog here:


    It’s also worth considering what Iraqi’s themselves think. If it wasn’t for the obvious reason (reflected in the poll of Iraqi’s below) what do you think it was?


  • Sorry Jon, not sure why your post was flagged for spam…damn spam filter!

    Anyway, its recovered now.

  • I’m guessing of course, but I’m going to say the “real” reasons (meaning Bush/Cheney/Rumsfeld) were, in order:

    1. Strategic interests in the region. (Protection for Israel, and the governments of Saudi Arabia, Jordan, Kuwait, etc.)
    2. WMD
    3. A general, irrational, feeling of post-9/11 revenge (most often expressed in anti-terror themes).
    4. Leftover animosity from the first Iraq War. “He tried to kill my Daddy”.
    5. Control over oil supply lines. (Preventing their potential disruption).

    So, I guess I agree that the war was partially due to oil interests, but I wouldn’t say it was primarily due to oil interests. But again, that’s just my take. I could easily be wrong.

  • More on the causes of the war. Here’s Zbignew Brzezinski, a war opponent, still acknowledging the usefulness of the war in that it gives us “critical leverage” against European and Asian economies in that we control the oil

    Yet American and Israeli interests in the region are not entirely congruent. America has major strategic and economic interests in the Middle East that are dictated by the region’s vast energy supplies. Not only does America benefit economically from the relatively low costs of Middle Eastern oil, but America’s security role in the region gives it indirect but politically critical leverage on the European and Asian economies that are also dependent on energy exports from the region.

  • LaurenceB, of course there may have been multiple reasons for the invasion, though the claim at the time was it was all about a “single question” which was WMD’s. Your first reason with regards to the “strategic interest” means the oil interest, right? So I’m not sure we disagree. There can be many reasons, but the top reason recognized by the Iraqi people is perhaps the main one. Oil. I think this forms part of the answer to HP’s question.

  • Hi Jon,

    My off-the-cuff analysis wasn’t really meant to reflect what Iraqis felt were the main causes of the war, nor was it meant to portray the Bush Administration’s stated reasons for the war. I only meant to give my own view of what I think were the Administration’s actual reasons for the war.

    And, yes I think we mostly agree – oil definitely played a part. Though not in the sense that the U.S. or U.S. corporations wanted to profit from Iraqi oil wells, but rather in the sense that we didn’t want to see the flow interrupted in any way.

    In that way, the Iraq War was a bit different (and a bit less mercenary) than the disgraceful intervention in Guatemala – the principal motivation of which seems likely to have been to preserve American commercial interests in that country.

    And so that was the thinking behind my original comment on this subject.

    By the way, I’m impressed with how you take the time to look up supporting links for your arguments. I wish I had that much initiative/energy/brainpower.

  • Well, I get the house to myself this week with the wife and kids on vacation without me, so I got a little extra time, which I’ve been using to look up obscure quotes, watch documentaries, etc. Even work out.

  • I’ve been browsing on-line greater than three hours lately, yet I never discovered any fascinating article like yours. It’s lovely price sufficient for me. In my opinion, if all webmasters and bloggers made good content material as you probably did, the internet will be much more helpful than ever before.

  • love brazilian body wav https://www.youtube.com/watch?v=T6hp4Ndf7vU just as good as they appearance. would like it if the particular the alignment suppport had been a bit of much better for too long positioned years.

  • [url=http://cleocin.stream/]cleocin t[/url] [url=http://tamoxifen.press/]tamoxifen[/url] [url=http://tretinoincream025.party/]tretinoin cream 025[/url]

  • The Department of Marketing, based in Raleigh, North Carolina is an elite design and interactive marketing agency.

    It is always a good practice, before signing the
    agreement, to consider all your options and pick up
    the website designer that best suits your need. Videos can also be
    a great option, if you want to explain briefly about your products and

    Here is my site :: https://www.behance.net

  • Dr. Phillip Casket, Supervisor important Usage
    Research at the San Francisco Department of Hygienics, runs professional tests as well as application scientific
    research related to drug use.

    my web page Leaking Pipe Behind Drywall (indianapolisplumbercompanies.bitballoon.com)

  • Methadone does not impair cognitive functions; it has no adverse affects
    on psychological capability, parenting, employability,
    or knowledge skills.

    My blog – Plumber Repair Cost

  • Because not everyone is using the exact same computer screen as
    you, you need to make sure your website is coded to adjust automatically to the screen it is being viewed on.
    For Frisky Kitten, I am currently in the process of designing
    it, while doing other things, like crocheting a bunch of can cozies to help raise money for a family member
    who had an accident and doesn’t have insurance, maintaining Purlsand –
    Puffs. They want to deal with the most trustworthy business.

    my webpage – https://www.behance.net

  • Congress in 2000 accepted providing doctors special licenses to suggest buprenorphine from their own centers (methadone should still be given at
    federally assigned establishments).

    Here is my blog Leaking Toilet Vent Pipe (Aimee)

  • Have many business playing cards built as well as get away from
    them with regional businesses plus managers. If you have a car
    dealership, for example, then your inventory is going to change on a
    regular basis. Once you have identified a couple of companies, be sure to look through their websites for their portfolios.

    My homepage; https://www.behance.net

  • Individuals are removed methadone when they are jailed because that’s the means we’ve consistently
    done it,” Rich claimed.

    Visit my web site; Water Pipe Leak Repair Kit, http://toiletrepairpros.bitbucket.org,

  • Even at clinics that supply the drug, the in advance costs and budget
    plan limitations provide it out of reach for the substantial majority who come with their doors.

    Also visit my website Plumbing Heating Services

  • I have actually been on methadone for about 3 years mabee a bit longer, scince placed on methadone about 6 mouths after i
    shed my first tooth i have now lost eleven teeth.

    My website … Leaking Pipe In Basement (toiletrepairpros.bitbucket.org)

  • Am from aberdeen in scotland and even i think
    its horrible the method these doctors behave,
    am on 18mls of methadone bt i begun on 45mls as well as my physician is only to pleased for me to start decreasing
    and also come off methadone.

    Here is my web blog: Network Plumbing Services

  • More than half of the clients that visit the clinics are known as dually diagnosed;
    that along with being diagnosed with an obsession they additionally have medical diagnosis’ of mental health and wellness conditions
    such as bipolar illness, schizophrenia, schizoaffective problem or other conditions
    such as stress and anxiety, ADHD, OCD along with personality conditions.

    Also visit my page; Plumbers Wanted (Delilah)

  • Doremus, of San Antonio, Texas, had been apprehended in 1915 for offering a big
    supply (500 one-sixth gram tablets) of morphine to a well-known abuser,
    a violation of the Harrison Act.

    Take a look at my homepage Leaky Pipe Joint Seal (http://indianapolisplumbercompanies.bitballoon.com)

  • The presumption that methadone people are raggedy bums-homeless, unemployed, on welfare
    and even bent on rob, pillage and plunder-is significantly incorrect.

    Here is my site – Sealant For Leaking Pvc Pipes, http://indianapolisplumbercompanies.bitballoon.com/categories/Plumber-In-Indianapolis/Putty-For-Leaking-Copper-Pipe-Indianapolis-IN.html,

  • When i finally decided enuff is enuff i visited the methadone center and
    wuz on 105 migs a day for 4 yrs.

    My web blog – Grease Trap Installation (Shantae)

  • Quote Of The Day « Hispanic Pundit
    hzinjbtell http://www.gt2020nu90x22p935og9nmkd57jn0wo6s.org/

  • Methadone saved my life as well, i am on 90mg-day dose, in focus of 10mg each ml.
    However I intend to be as much as 2 or two and half –
    3 years and then to slow- tap down.

    Feel free to surf to my web page :: Leaking Abs Pipe Joint; http://indianapolisplumbercompanies.bitballoon.com,

  • While some may take the substance abuse the means it is
    intended and also discover some success, it appears like an excellent quantity
    is taken from the facility and offered on the roads.

    Also visit my web site; Fixing Leaky Pipe Under Kitchen Sink

  • Years ago I was on only 20 for 6 months as well as those last 20 mgs was a killer, I ended up relapses and using for an additional 4 years before I lastly obtained tidy as well as
    stayed tidy with methadone again and even now the suboxone.

    Feel free to surf to my website: Sewer Drain Repair

  • My center here in Kentucky makes you have a job or go to institution before
    you could obtain take homes.

    my blog post – Leaking Pipe Kitchen Sink (Maisie)

  • I was also recommended a clonidine spot from the medical professional in New York City and also they truly help eliminate the

    my weblog Tub Clog (indianapolisplumbercompanies.bitballoon.com)

  • Your medical professional will likely limit your intake of grapefruit or grapefruit juice while you
    are taking methadone.

    Also visit my page :: Leaky Plumbing (Gertrude)

  • The clinic would make use of different treatments apart
    Hot Water Tank Leaking From Copper Pipe; Shannan, methadone too, Acadia
    Regional Supervisor Cummins stated.

  • Methadone is a drug that is provided to opioid addicts to
    keep them off of various other drugs.

    Look into my web page … Commercial Plumber

  • The Substance abuse Details Clearinghouse run by the Australian Substance abuse Foundation reports that
    the majority of cases of overdose and even death pertaining to methadone intake entailed mixing methadone with an additional downer drug, particularly liquor, versus
    doctor’s orders.

    Review my page :: Plumbing 24 Hour Service (Lamont)

  • He is not familiar with instances of methadone or narcotics being sold
    in the location in link to the facility, he said.

    Also visit my webpage: Plumbing And Gas Services

  • This blog site is visiting occasionally discuss ironical features of my past substance abuse and even my existing therapy
    at the methadone center, however in all severity the
    facility saved my life.

    my web page drug rehab (http://addicthelptherapy.netlify.com/Facts-About-Drug-Abuse.html)

  • Ich entschuldige mich, aber meiner Meinung nach sind Sie nicht recht. Geben Sie wir werden besprechen. Schreiben Sie mir in PM.

  • Others involved their initial conferences on medicine replacement programs such as methadone and even discovered it frightening to think about ending up being sober.

    Here is my weblog Plumbing Bathroom Sink Installation

  • One of the most effective methadone treatment program is one that combines the drug with some kind of therapy.

    My blog post – High Efficiency Furnace Vent Pipe Leaking (http://toiletrepairpros.bitbucket.org/tags/68/shower-plumbing-Aromas-CA.html)

  • The weapon came in a box within a box, I assume as part of the transfer from UPS to the USPS. There was no paperwork, only the manufacturers markings on the inner box. The weapon was flawless, and with a heavy coating of foundry grease on the blade.

  • I could not resist commenting. Very well written!

    Feel free to visit my blog post: John

  • I’m no longer positive where you are getting your information, but great topic.
    I must spend a while studying more or working out more.
    Thank you for magnificent information I used to be on the lookout for this information for my

  • This site was… how do you say it? Relevant!!
    Finally I’ve found something which helped me. Kudos!

  • It’s awesome to pay a visit this website and reading the views of all
    friends regarding this piece of writing, while I
    am also eager of getting knowledge.

  • Exceptional post but I was wondering if you could write
    a litte more on this topic? I’d be very thankful if you could
    elaborate a little bit further. Many thanks!

  • Hi there, its pleasant article on the topic of media print, we all know media is a impressive
    source of data.

  • Greate article. Keep writing such kind of info on your site.
    Im really impressed by your site.
    Hey there, You have done a fantastic job. I will certainly digg it and in my view suggest to my friends.
    I’m sure they will be benefited from this site.

  • Hello! This is kind of off topic but I need some advice from
    an established blog. Is it difficult to set up your own blog?

    I’m not very techincal but I can figure things out pretty quick.
    I’m thinking about creating my own but I’m not sure where to start.

    Do you have any points or suggestions? Thank

Leave a Reply