Super Delegates Cul-de-Sac, Circle Thinking, University Transparency, IMF’s Bad News, Cheap Money, Russia’s Decline

What I’m listening to. 

Mozart K.488 Piano Concerto #23 in A 3rd mov. Allegro assai

Super Delegates: Can’t Live With ‘em Can’t Live Without ‘em

New York Times -- The Not So Super Delegates

The paradox of a strong system of superdelegates in the 2016 primary season is that a significant section of the Democratic Party, which has them, wishes it didn’t, while the leadership of the Republican Party, which doesn’t have them, may well wish it did.

Quote -- “The Trump thing is like a hostile takeover of one of the national political parties,” Mr. Carrick said. He predicts that party officials will have to take “a hard look at how they can get more control over the process.”

Talking to ourselves.

T. Crown’s Musing -- They All Fall Down: The Year Madness Finally Won

About five miles from my office lives a very nice young lady, who just cleared seventy years out of a womb and on this Earth. 

Quote -- “Most Americans use the internet. However, most people use the internet to be informed about things they want to be informed about.”

What degrees give what income? 

Times -- Universities must come clean about graduate earnings

Poitics of the tuition fee rise thought that participation in higher education would collapse. They were wrong: there are record numbers of applicants. Advocates of the fee rise thought that it would lead to students demanding more from universities. They were wrong, too.

(ed’s note -- not sure that prospective graduate students in religious studies need the data to know that their future income might be not much different than a high school drop out. this is a reason why tuition should be staggered from the first to fourth year and tilted by speciality.)

Why the IMF is worried.

Telegraph -- The dire state of the global economy in six charts

The International Monetary Fund has issued a bleak message on global growth. Here are seven charts that highlight the grim outlook facing the world economy.

Why running deficits makes sense.

Financial Times -- Negative rates are not the fault of central banks

It is hard to understand the obsession with limiting public debt when it is as cheap as it is today.

Russia’s tumble.

New York Times -- Why the Russian Economy Is Tumbling

Low oil prices and international sanctions have crippled Russia’s economy. The country has been operating at a deficit since 2012, and its Reserve Fund is slated to run out by 2017. Last week, the World Bank warned that the poverty rate in Russia is rising sharply.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.