In the September 13 issue of TNR, Richard Posner reviewed Reading Law, a new book by Supreme Court Justice Antonin Scalia and Bryan A. Garner. Soon afterwards, TNR published an exchange between Garner and Posner about the review. Here, Posner responds to the latest critical response by Antonin Scalia: Reuters invited me to respond to a statement made by Justice Scalia in an interview of him by Stephen Adler on September 17. The statement comments on a purported statement of mine in a review in the New Republic of Reading Law by Justice Scalia and Bryan Garner.
The economy is sluggish and unemployment is on the rise, but Republicans and their allies say they want nothing to do with President Obama’s agenda for job creation because it’ll be just another “failed stimulus." Here's John Boehner making that argument on his official blog. Here's Karl Rove doing the same on Fox News. And here's Richard Posner offering his version at TNR -- although, to be fair, he merely calls the stimulus "botched" and I'm not sure he qualifies as a Republican ally. Of course, the argument isn't new.
Maybe the only thing we have to fear is fear itself. But what about fatalism? The two most recent entries in TNR's symposium on economics make two very different arguments, befitting their very different writers.
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-- Richard Posner defends Facebook. -- Tim Fernholz on the Christian right's campaign "to protect the wealthy from tax increases." -- William Saletan documents the Gingrich-Bin Laden alliance.
-- Richard Posner is not a fan of the Post's "Top Secret America" series. -- A thorough debunking of Stanley Kurtz's case that Barack Obama is a socialist. -- Ezra Klein interviews Paul Ryan, Alan Blinder, and Mark Zandi. -- For Rick Perry, "worst uninsured rate" equals "best healthcare in the country."
Niall Ferguson, in his review of Richard Posner's latest book, sounds like a genuine crackpot: “As an economic power,” Posner concludes, “we may go the way of the British Empire.” Indeed. It seems not to have struck the judge that British decline and the rise of Keynesianism went hand in hand. Ferguson thinks that the British Empire fell because of Keynesianism? Really? There are so many things wrong with that theory I don't know where to begin. For one, Britain was not the only world power to adopt Keynesianism. The United States did too.
WASHINGTON -- In June 2008, before the financial implosions that would come a few months later, I asked two smart financiers who happened to be Republicans about the future of the seemingly shaky American economy. Defying the moment's conventional predictions that we would somehow muddle through, one of them offered a dire and uncannily accurate forecast.
Barack Obama Has an Idiotic Obsession, and It Is Golf by Michelle Cottle The Amazing Story of How Esperanto Came to Be by Esther Schor Hey, the U.S. and Europe Aren’t So Different After All! by Peter Baldwin How Much Medical Treatment Can Families Actually Afford With the New Bill?