Tag Archives: control

These 7 Geek Icons Have Had Enough of #Gamergate. Here’s How They’re Fighting Back.

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

As the conflict known as #Gamergate continues roiling the internet, some #Gamergaters have been surprised to find that their geek idols aren’t exactly on their side. Take, for example, science fiction author William Gibson, coiner of the term “cyberspace,” who retweeted this on Tuesday:

“Fuck. Fuck. Fucking hell,” an 8chan user wrote on the site’s GamerGate message board after reading through Gibson’s Twitter feed. “I have been waiting for his new book forever but now I dont even want to buy it…I feel devastated.”

Dozens of irate gamers responded with the names of other fallen heroes who’ve “betrayed” them by criticizing macho video game culture. Here’s a sampling of the offending tweets:

From screenwriter and director Joss Whedon (Buffy the Vampire Slayer, The Avengers):

From comedian Patton Oswalt:

From actor and filmmaker Seth Rogen (The 40-Year-Old Virgin, Knocked Up):

(Adam Baldwin has been one of #Gamergate’s most outspoken supporters.)

From actress Felicia Day (The Guild):

From computer game designer Tim Schafer (LucasArts, Double Fine Productions):

From animator Mariel Cartwright (Skullgirls):

Lamented another 8chan user, with no apparent irony: “Unfortunately even misinformed people can put out their opinion on whatever they want, and they’ve got a large platform to do it with via the internet.”

Source article – 

These 7 Geek Icons Have Had Enough of #Gamergate. Here’s How They’re Fighting Back.

Posted in Anchor, Cyber, Everyone, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on These 7 Geek Icons Have Had Enough of #Gamergate. Here’s How They’re Fighting Back.

Survey: Four Out of Five Nurses Have Gotten No Ebola Training At All

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

A new survey conducted by the National Nurses Union shows US hospitals may not be adequately prepared to handle Ebola patients, should the virus continue to spread. Out of the 2,200 nurses who responded to the union’s questionnaire, 85 percent reported that their hospitals had not provided education on Ebola. 76 percent said their institution had no policy for how to admit and handle patients potentially infected with the virus. More than a third claimed their hospitals didn’t have enough safety supplies, including eye protection and fluid resistant gowns.

The survey results were announced on Sunday, just after the Centers for Disease Control and Prevention confirmed that a health worker in Texas had tested positive for the virus. The CDC’s director, Thomas Frieden cited a “breach of protocol” as the likely reason.

Now—as agency officials scramble to figure out just what that breach was—nurses are pushing back. On Monday, NNU nurses in red shirts rallied in Oakland, Calif. with signs reading, “Stop Blaming Nurses. Stop Ebola.”

“We have been surveying nurses for almost two months about Ebola preparedness,” Charles Idelson, an NNU spokesman, said Monday. “What these survey results clearly indicate is that hospitals are still not doing enough to be properly prepared to respond.”

The CDC has announced plans to deploy an Ebola response team “within hours” at any hospital where an Ebola patient is admitted. At a press conference, Frieden said the agency is responding to calls from hospitals that are underprepared to handle the crisis.

On Monday, Frieden said the the CDC is also working with hospitals to better train health workers on Ebola precautions.”We have to rethink the way we address Ebola infection control,” he said. For example, he said, in some cases health workers may actually be wearing too much protective gear, making it harder to remove and dispose of the material.

The NNU survey showed that, even as the CDC called for more hands-on training, especially on how to properly put on and remove safety equipment, few hospitals have provided it for their employees. Ideslson says most are simply pointing nurses to information on their websites, or linking to CDC information. Staffing is another concern, with 63 percent of nurses reporting that hospital facilities won’t adjust the number of assigned patients per nurse to reflect the additional time required to care for infectious patients.

“We are going to continue to protest the failure of so many of these hospitals to put adequate safety measures in place,” Idelson said; he wouldn’t rule out the potential for healthcare workers to walk out on strike, much as Liberian health care workers have.

The American Hospital Association, an organization that represents nearly 5,000 hospitals nationwide, is now calling on hospitals to bolster their training regimens, turned down my request for an interview, but sent a statement saying, “We strongly encourage all hospitals to conduct employee retraining on how to use personal protective equipment to protect themselves from Ebola and other potentially deadly communicable diseases.”

Even if hospitals are prepared, however, it can be difficult to comply with both patient needs and the social blowback that comes with an Ebola diagnosis. The New York Times reported yesterday that Emory University Hospital in Atlanta, a center that had prepared for an outbreak long before the current crisis began, struggled with the county threatening to stop sewer service, couriers refusing to transport blood samples, and pizza delivery services refusing to come to any part of the hospital. And as my colleague Tim Murphy has reported, Louisiana’s attorney general has said the state, which processes a wide variety of hazardous wastes from around the nation, may take legal action to stop the incinerated belongings of deceased Ebola patient Eric Duncan from coming to one of its landfills.

In his press conference, Frieden warned that such fears are unfounded and counterproductive. “The enemy here is a virus. It’s not a person, it’s not a country, it’s not a place, it’s not a hospital—it’s a virus. It’s a virus that’s tough to fight, but together I’m confident that we will stop it.”

Continued here: 

Survey: Four Out of Five Nurses Have Gotten No Ebola Training At All

Posted in Anchor, FF, GE, LAI, LG, ONA, Prepara, Radius, solar, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Survey: Four Out of Five Nurses Have Gotten No Ebola Training At All

Mark Zuckerberg Just Donated $25 Million to Fight Ebola

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan have donated $25 million to the Centers for Disease Control and Prevention to help combat the Ebola crisis, which has killed more than 4,400 people in West Africa. Zuckerberg announced the nice chunk of cash via his Facebook on Tuesday:

(function(d, s, id) var js, fjs = d.getElementsByTagName(s)0; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “//connect.facebook.net/en_US/all.js#xfbml=1”; fjs.parentNode.insertBefore(js, fjs); (document, ‘script’, ‘facebook-jssdk’));
Post by Mark Zuckerberg.

Scaremongers in Congress and the media have Americans in a tizzy about Ebola: Nearly two-third of Americans now fear the virus will soon infect them or or someone they know. Although Zuckerberg’s donation won’t do much to quell the the panic, it’s certainly a nice response to recent criticism that Silicon Valley types have done little-to-nothing to combat the ongoing public health crisis.

Continue reading – 

Mark Zuckerberg Just Donated $25 Million to Fight Ebola

Posted in Anchor, FF, GE, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Mark Zuckerberg Just Donated $25 Million to Fight Ebola

Did Budget Cuts Hamper Response to Ebola and Enterovirus? Democrats Push for Hearing

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Yesterday the Ranking Members of the Labor, Heath and Human Services, and Education Appropriations Subcommittee and the Appropriations Committee called for a hearing to examine how budget cuts may have led to not only the Ebola epidemic, but also the proliferation of Enterovirus D68, a rapidly spreading pediatric respiratory disease that has sickened 500 children in 42 states across the US.

Members of the subcommittee, which oversees the funding for two primary federal public health agencies—the Centers for Disease Control and the National Institutes of Health—penned a letter to the subcommittee chairman, Congressman Jack Kingston, detailing the effects budget cuts have had on response efforts:

“As you know, our subcommittee has been forced to make difficult choices due to our constrained budget environment over the past four years. That has resulted in the purchasing power of the NIH being reduced by 10 percent over the last four years. Our public health infrastructure at the CDC and HHS has also been forced to make do with less. CDC’s program that supports our state and local public health professionals who are working on the front lines to contain this current Ebola epidemic has been cut by 16 percent over the last four years after adjusting for inflation. The program at HHS that helps hospitals be ready to contain deadly epidemics like Ebola and prepare for patient surges from outbreaks like Entereovirus D68 has been reduced by 44 percent over the same period.”

Congress is currently in recess, not scheduled to reconvene until after the November elections. But, with one confirmed death from Ebola in the US and new reports about potential diagnoses coming in, they are calling for answers now.

“While we may disagree on the merits and the necessity of these cuts we have a responsibility to ensure that CDC, NIH and the other public health agencies under our jurisdiction have sufficient resources to protect the public health and are taking the appropriate actions today to address it. When Congress returns from the November elections we will have to determine the funding necessary for these agencies to respond to these public health cruses before the Continuing Resolution expires. Therefore, we urge you to convene a Subcommittee hearing this month to gather the information we need to make informed decisions for the remainder of the fiscal year.

See original: 

Did Budget Cuts Hamper Response to Ebola and Enterovirus? Democrats Push for Hearing

Posted in Anchor, FF, GE, LAI, LG, ONA, PUR, Radius, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Did Budget Cuts Hamper Response to Ebola and Enterovirus? Democrats Push for Hearing

How Long Does the Ebola Virus Survive in Semen?

Mother Jones

Survivors of Ebola often face stigma and fear from community members who worry they might spread the disease after leaving the hospital. These fears are almost entirely misplaced. Once someone has recovered from the virus, they cannot infect others through handshakes, hugs, or kisses. Their sweat isn’t contagious. Even the vomit, urine, and feces of the disease’s survivors has been shown to be Ebola free.

More MoJo coverage of the Ebola crisis.


Liberians Explain Why the Ebola Crisis Is Way Worse Than You Think


These Maps Show How Ebola Spread In Liberia


Why the World Health Organization Doesn’t Have Enough Funds to Fight Ebola


New Drugs and Vaccines Can’t Stop This Ebola Outbreak


We Are Making Ebola Outbreaks Worse by Cutting Down Forests

There are, however, a couple important exceptions. In particular, research into past outbreaks shows that the semen of survivors may carry the virus for weeks, or even months, after they recover.

For instance, a 1977 study of an outbreak in what is now the Democratic Republic of Congo found Ebola in the semen of one survivor 61 days after the onset of his disease. And a 1999 study found the virus in an Ebola survivor’s semen 82 days after he first became ill. That study recommended that survivors use condoms for “at least” three months after contracting the disease.

A separate 1999 study, backed by the Centers for Disease Control, identified one woman who tested positive for Ebola but never developed symptoms. The researchers concluded that it was unclear if she ever actually contracted the virus, but that it was “possible” that she was infected by a recovered Ebola patient via his semen.

In a statement issued Monday, the World Health Organization echoed these findings, warning that Ebola “can persist in survivors’ semen for at least 70 days” and that some research even “suggests persistence for more than 90 days.”

The sample sizes for these studies are extremely small, and it’s unclear just how great a risk the semen of surviving men poses in the weeks following their illness. Still, officials from the Centers for Disease Control and Prevention have recommended that they use condoms. And Doctors Without Borders—which has been on the front lines of the current outbreak since its early stages—is distributing condoms to survivors, according to a spokesperson for the group.

Speaking at a United Nations office in Liberia earlier this month, an epidemiologist and WHO consultant from Uganda—a nation that saw its own Ebola outbreak as recently as 2013—said that sexual transmission could make the disease harder to contain. He criticized public health officials for not doing enough to encourage the use of condoms.

And Semen may not be the only bodily fluid through which a patient recovering from Ebola could pass on the disease. In 2000, researchers tested the fluids of a female Ebola survivor whose blood was already clear of the virus. Fifteen days after first falling ill, Ebola was still found in the woman’s breast milk. Her child eventually died of Ebola, though the researchers could not be certain the child got sick from feeding.

“At any rate,” wrote the researchers, “it seems prudent to advise breastfeeding mothers who survive Ebola to avoid breastfeeding for at least some weeks after recovery.”

Link – 

How Long Does the Ebola Virus Survive in Semen?

Posted in Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on How Long Does the Ebola Virus Survive in Semen?

Liberians Explain Why the Ebola Crisis Is Way Worse Than You Think

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

As of this week, the Ebola outbreak in West Africa is known to have infected more than 5,700 people and taken more than 2,700 lives. Yet those figures could be dwarfed in the coming months if the virus is left unchecked. On Tuesday, the Centers for Disease Control and Prevention reported that the total number of infections could reach 1.4 million in Liberia and Sierra Leone by January 2015. Though cases have been reported in five countries, nowhere has been harder hit than Liberia, where more than half of the Ebola-related deaths have occurred.

More MoJo coverage of the Ebola crisis.


Liberians Explain Why the Ebola Crisis Is Way Worse Than You Think


These Maps Show How Ebola Spread In Liberia


Even Liberia’s Legislature Can’t Escape the Ravages of Ebola


Listen to Some of Liberia’s Top Artists Sing about Ebola


Why the World Health Organization Doesn’t Have Enough Funds to Fight Ebola


New Drugs and Vaccines Can’t Stop This Ebola Outbreak


We Are Making Ebola Outbreaks Worse by Cutting Down Forests

The outbreak has crippled Liberia’s economy. Its neighbors have sealed their borders and shipping has all but ceased, causing food and gas prices to skyrocket. Schools and businesses have closed down, and the country’s already meager health care system has been taxed to the breaking point. Meanwhile, as panic grips the country, crime has risen steadily and some reports suggest that Liberia’s security forces are among the perpetrators. To get a picture of how dire the situation is on the ground, we got in touch with Abel Welwean, a journalist and researcher who lives outside of Monrovia. He conducted a handful of interviews with Liberians in his neighborhood in the second week of September and also provided his own harrowing story of what life is like in the country.

The outbreak has forced many Liberians to stay indoors and avoid interacting with other people. Since the virus can be caught merely by touching the sweat of an infected person, once-common forms of physical contact, like handshakes, have become rarer.

Frances (a university student): Football has been suspended in our country. We are sitting at home just doing nothing—all in the name of protecting ourselves. It is hurting us, but we have to play the safe rules, because we value our own lives.

Continue Reading »

View original post here:  

Liberians Explain Why the Ebola Crisis Is Way Worse Than You Think

Posted in Anchor, C.A.P., Everyone, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Liberians Explain Why the Ebola Crisis Is Way Worse Than You Think

Republicans Are No Longer Favored To Take Control of the Senate

Mother Jones

Speaking of poll aggregators and the Senate race, here’s an interesting infographic from Vox:

I actually haven’t been following the polling super closely, so I didn’t realize that basically no one is still projecting a Republican takeover except for Nate Silver—though things are still close enough that none of this probably means much yet. We’re still six weeks away from Election Day, and a lot can happen in six weeks.

Still, there’s a bottom line here for reporters: Republicans are no longer favored to take control of the Senate. At least, not by the folks who have had the best records for projecting election results over the past decade or so. This should no longer be the default assumption of campaign roundup stories.

There’s much more at the link, including forecasts for individual races.

This article is from:  

Republicans Are No Longer Favored To Take Control of the Senate

Posted in FF, GE, LG, ONA, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , , , | Comments Off on Republicans Are No Longer Favored To Take Control of the Senate

Why Gun Control Groups Have Moved Away From an Assault Weapons Ban

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

This story originally appeared on ProPublica.

The morning after the Sandy Hook shootings, Shannon Watts, a mother of five and a former public relations executive, started a Facebook page called “One Million Moms for Gun Control.” It proved wildly popular and members quickly focused on renewing the federal ban on military style assault weapons.

“We all were outraged about the fact that this man could use an AR-15, which seemed like a military grade weapon, and go into an elementary school and wipe out 26 human beings in less than five minutes,” Watts said.

Read our profile of Moms Demand Action.

Nearly two years later, Watts works full-time as the head of the group, now named Moms Demand Action for Gun Sense in America, is a significant player in a coalition financed by former New York Mayor Michael Bloomberg. But while polls suggest a majority of Americans still support an assault weapons ban, it is no longer one of Watts’ top priorities.

“We’ve very much changed our strategy to focus on public safety measures that will save the most lives,” she told ProPublica.

It’s not just that the ban proved to be what Watts calls a “nonstarter” politically, gaining fewer votes in the Senate post-Sandy Hook than background check legislation. It was also that as Watts spoke to experts and learned more about gun violence in the United States, she realized that pushing for a ban isn’t the best way to prevent gun deaths.

A 2004 Justice Department-funded evaluation found no clear evidence that the decade-long ban saved any lives. The guns categorized as “assault weapons” had only been used in about 2 percent of gun crimes before the ban. “Should it be renewed,” the report concluded, “the ban’s effects on gun violence are likely to be small at best and perhaps too small for reliable measurement.”

With more information, Watts decided that focusing on access to guns, not types of guns, was a smarter approach. She came to the same conclusion that other gun control groups had reached even before the Sandy Hook shootings: “Ultimately,” she said, “what’s going to save the most lives are background checks.”

While many gun control groups still officially support the assault weapons ban—”we haven’t abandoned the issue,” as Watts said—they’re no longer actively fighting for it.

“There’s certainly a lot of public sentiment around high capacity magazines and assault weapons,” Dan Gross, the president of the Brady Campaign to Prevent Gun Violence, said in an interview this summer. “It’s easy to understand why people feel so passionate about it.”

But, he said, “when you look at this issue in terms of the greatest opportunity to keep guns out of the hands of dangerous people and prevent gun violence, background checks are a bigger opportunity to do that.”

Bloomberg’s umbrella group, Everytown for Gun Safety, has also deemphasized an assault weapons ban. A 10-question survey the group gave to federal candidates to measure their stances on gun policy did not even ask about a ban.

“We acknowledge that assault weapons put the ‘mass’ in mass shootings,” Erika Soto Lamb, the group’s communications director, said. But “we feel like it’s a more productive use of our time, effort, money, voices, and votes to focus on the policies that are going to save the most lives.”

The most common criticism of the weapons ban – which was signed into law Sept. 13, 1994 — was that it focused too much on the cosmetic “military-style” features of guns, like pistol grips or folding rifle stocks, which made it easy for manufacturers to turn banned guns into legal guns by tweaking a few features. During the ban, some manufacturers added “PCR” to the name of these redesigned guns, for ” politically correct rifle.”

But the more profound criticism of the ban is that “assault weapons,” a politically charged and imprecise term, have never been the weapons that contribute the most to American gun violence. Gun rights groups have pointed out for years that the campaign against assault weapons ignores the data. (The National Rifle Association did not respond to our requests for comment.)

While assault weapons do appear to be used more frequently in mass shootings, like the ones in Newtown and Aurora, Colorado, such shootings are themselves rare events that are only responsible for a tiny fraction of gun homicides each year. The category of guns that are used in the majority of gun murders are handguns.

Despite this data—and perhaps because many Americans do not have an accurate understanding of gun violence statistics—an assault weapons ban has continued to have broad public and political support.

In January 2014, a Rassmussen poll found that 59 percent of likely voters still favored an assault weapons ban, even after the measure failed in the Senate in April 2013, along with the rest of the White House’s push for tougher gun laws.

Sen. Dianne Feinstein, D-Calif., the author of the original ban, has repeatedly re-introduced it, most recently in 2013, after the Sandy Hook shootings. Obama made the policy part of his post-Sandy Hook platform for gun violence prevention, though the White House’s central focus was on passing universal background checks.

Experts say that a smarter way to approach the assault weapons ban might be to focus on the ammunition, not the design of the guns themselves. The 1994 gun ban included a ban on magazines with more than 10 rounds of ammunition. Unlike “assault weapons,” high-capacity magazines were used in as much as 26 percent of gun crimes before the ban. Limiting magazines to a smaller number of rounds might mean shooters, particularly in mass shooting situations, could not hit as many victims as quickly.

But even this focus on banning high-capacity magazines, rather than guns, suffers from a lack of data. “It is not clear how often the outcomes of gun attacks depend on the ability of offenders to fire more than 10 shots (the current magazine capacity limit) without reloading,” the 2004 evaluation concluded.

There is some evidence that the ban was preventing violence outside the US: Mexican politicians have long blamed the end of the assault weapons ban for contributing to drug-related violence in Mexico. In a 2013 study, three American academics found that the end of the ban brought about “at least 238 additional deaths annually” in areas of Mexico near the US border.

Meanwhile, as gun control groups have moved their focus away from gun bans, Americans are buying fewer assault weapons than they did when a ban seemed imminent, Bloomberg News reported last month.

Source article:

Why Gun Control Groups Have Moved Away From an Assault Weapons Ban

Posted in alo, Anchor, FF, GE, LAI, LG, ONA, ProPublica, PUR, Radius, Ultima, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , , , | Comments Off on Why Gun Control Groups Have Moved Away From an Assault Weapons Ban

Why the World Health Organization Doesn’t Have Enough Funds to Fight Ebola

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

With the Ebola virus continuing its spread throughout West Africa—and landing this week in a fifth country, Senegal—the custodians of global health are becoming more adamant that the world is not doing enough to stop the deadly pathogen. That is, the rich nations of the world are not providing sufficient resources for the fight against Ebola. World Health Organization leaders came to Washington last week to ask for $600 million to build and administer new treatment centers in Liberia, Guinea, and Sierra Leone—the three countries with the most infections—and provide safe burials for victims in those countries. This is essential, given that the killer virus spreads via bodily fluids, and many people have contracted the disease through contact with the bodies of dead Ebola victims.

Due to budget constraints, the WHO had only a limited presence in West Africa at the time of the outbreak and it failed to detect and contain the virus before it got out of control. These poor countries had to deal with the crisis on their own during the epidemic’s earliest stages. The WHO’s earlier budget cuts also caused the organization to lose some of the senior staff most qualified to lead a response.

Continue Reading »

Read this article – 

Why the World Health Organization Doesn’t Have Enough Funds to Fight Ebola

Posted in Anchor, FF, GE, LG, ONA, PUR, Radius, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on Why the World Health Organization Doesn’t Have Enough Funds to Fight Ebola

Inflation Is Still the Great Bogeyman of the Rich

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Paul Krugman is trying to figure out why wealthy elites are so damn obsessed with the dangers of moderately higher inflation. After all, in a deep recession, inflation is likely to spur economic growth, and that helps rich folks. Their assets increase in value and they become even richer. So what’s their problem?

In a post yesterday, Krugman refers to my suggestion that it’s mostly a case of septaphobia, or fear of the 70s. The idea here is that inflation really did run out of control in the 70s, and it really did take a massive recession engineered by Paul Volcker to rein it in. If that was one of your seminal experiences of the consequences of loose money, then it’s no surprise that you fear inflation. But Steve Randy Waldman says this is “bass-ackwards”:

Elites love the 1970s. Prior to the 1970s, during panics and depressions, soft money had an overt, populist constituency….The 1970s are trotted out to persuade those who disproportionately bear the burdens of an underperforming or debt-reliant economy that There Is No Alternative, nothing can be done, you wouldn’t want to a return to the 1970s, would you?

Quite right. Because the high inflation of the 70s really was painful for the middle class, the 70s do indeed serve a very useful purpose to elites who want to keep fear of inflation alive. But that begs the question: Why do they want to keep fear of inflation alive? The fact that elites have hated inflation forever isn’t an answer. During the days of the gold standard, high inflation really did hurt the wealthy. But today’s economy is vastly different from the hard-money + financial repression economy of the 70s and before. Inflation is much less threatening to the rich than it used to be. Why haven’t they figured this out?

I’m not sure, but I do want to note that both Krugman and Waldman have at least partly misunderstood me. Although I do think that septaphobia is a real thing, I mainly think it’s a real thing for the non-rich. It’s primarily the middle class that fears a rerun of the 70s. That might have been a bit muddled in my initial post (which Krugman linked to), but I made this clearer in a subsequent post about the roots of inflation phobia:

So what’s the deal? I’d guess that it’s a few things. First, the sad truth is that virtually no one believes that high inflation helps economic growth when the economy is weak….Second, there’s the legitimate fear of accelerating inflation once you let your foot off the brake….Third, there’s the very sensible fear among the middle class that high inflation is just a sneaky way to erode real wages….Fourth, there’s fear of the 70s, which apparently won’t go away until everyone who was alive during the 70s is dead. Which is going to be a while.

Krugman responds to Waldman here, and even though Waldman says my argument is bass-ackwards, I actually think he and I mostly agree. Krugman may be right that higher inflation would help the rich right now, and that they’d support it if they were smart. But Waldman argues there’s more to it. Basically, he thinks the rich are fundamentally conservative: inflation might help them on average, but there are still going to be plenty of losers whenever there’s an engineered change to the economy. Since the rich, by definition, are already doing pretty well, why risk it?

I think that’s probably right, though Waldman probably overstates its importance. Wealthy elites aren’t that conservative, especially when it comes to making money. Still, it’s almost certainly a significant factor. But I also think Krugman is right about false consciousness. In fact, that was #1 on my list above: the fact that virtually no one really, truly believes in Keynesian stimulus. (Waldman makes this point too.) If rich elites really did believe that a bit of high inflation would get the economy booming, I think they’d swallow their innate conservatism and support it. But they don’t. Almost no one really believes it in their guts.

That’s a failure of the economics profession, perhaps, but it’s also a legacy of septaphobia. After all, if you take a look solely at the surface—and that’s what most of us do, rich and poor alike—what’s the lesson of the 70s? That’s easy: Inflation got out of control and the economy went to hell. Then Paul Volcker reined in inflation, and the economy boomed. What’s more, the rich have prospered mightily in the 30 years of low inflation since then. So why mess with a good thing?

So yes: It’s septaphobia, both in a real sense and as a useful morality tale. It’s false consciousness from wealthy elites who don’t really believe that inflation will spur the economy. And it’s the innate conservatism of the rich, who don’t have much incentive to accept change when they’re already doing pretty well. Add to that the fact that inflation phobia is an easy sell to voters because the middle class really does have reason to fear inflation, and you have everything you need to make it nearly impossible to convince people that a bit of higher inflation would be a good thing right now. And so we stagnate.

Read original article:

Inflation Is Still the Great Bogeyman of the Rich

Posted in Everyone, FF, GE, LG, ONA, PUR, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Inflation Is Still the Great Bogeyman of the Rich