Category Archives: Economics

California

…is so over:

…we are producing a California that is the polar opposite of Pat Brown’s creation. True, it has some virtues: greener, cleaner, and more “progressive” on social issues. But it’s also becoming increasingly feudal, defined by a super-affluent coastal class and an increasingly impoverished interior. As water prices rise, and farms and lawns are abandoned, there’s little thought about how to create a better future for the bulk of Californians. Like medieval peasants, millions of Californians have been force[d] to submit to the theology of our elected high priest and his acolytes, leaving behind any aspirations that the Golden State can work for them too.

I don’t know what it will take to break the back of this destructive aristocracy.

[Monday-morning update]

Jerry Brown’s Oedipal struggle.

[Bumped]

Today’s EPA Hearing On The Hill

I listened to some of it. Here is Judith Curry’s prepared testimony, and here are Moynihan’s live tweets.

The Democrats were sufficiently unhappy that they abandoned the hearing before it was over. They can’t handle the truth.

[Update in the afternoon]

Before he walked out, Professor Curry assisted one of the Democrats in beclowning himself.

[Update a few minutes later]

Post-hearing thoughts from her. I agree that the economist’s testimony was valuable, too. They basically told the Democrats that what the EPA plans to do would hit the poor hardest. Which is absolutely true.