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Must-Read Op-Eds for Friday, April 27, 2012

DEATH OF A FAIRY TALE
BY PAUL KRUGMAN
NEW YORK TIMES

[S]erious analysts now argue that fiscal austerity in a depressed economy is probably self-defeating: by shrinking the economy and hurting long-term revenue, austerity probably makes the debt outlook worse rather than better. But while the confidence fairy appears to be well and truly buried, deficit scare stories remain popular. Indeed, defenders of British policies dismiss any call for a rethinking of these policies, despite their evident failure to deliver, on the grounds that any relaxation of austerity would cause borrowing costs to soar. So we’re now living in a world of zombie economic policies — policies that should have been killed by the evidence that all of their premises are wrong, but which keep shambling along nonetheless.

IS OUR ADULTS LEARNING?
BY DAVID BROOKS
NEW YORK TIMES

The economists who supported the stimulus now argue the economy would have been worse off without it. Those who opposed it argue that the results have been meager. The problem is that no model can capture enough of the world’s complexity to yield definitive conclusions or make nonobvious predictions. A lot depends on what assumptions you build into them. What you really need to achieve sustained learning, Manzi argues, is controlled experiments. The first step to wisdom is admitting how little we know and constructing a trial-and-error process on the basis of our own ignorance. Inject controlled experiments throughout government.

Must-Read Op-Eds for Thursday, April 26, 2012

Must-Read Op-Eds for Wednesday, April 25, 2012

WHILE SYRIA BURNS





WHAT IMMIGRATION CRISIS?





A BUSH LEAGUE PRESIDENT





THE PRESIDENT HAS A LIST





FRESHMAN CLASS PRESIDENT