"Misapplying the theory I mislearned in college."

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Liberal Blogs

So I've mostly stopped reading "liberal" blogs like Salon (with the notable exception of Greenwald) and Huffington Post because they are filled with crap. If liberals took a moment to look at what they look like to the outside world, they would see that the right-wing stereotype has significant truth to it: it is largely analysis-free hand-wringing over how the government is failing one underprivileged segment of society or another. I've been reading economics blogs instead because at least those guys have some semblance of theoretical underpinnings to their analysis and they know the government simply can't--as a matter of macroeconomic consequence-- tax and spend endlessly to solve people' problems. That's what leads to Greece, and the rest of the Euro periphery that is currently pulling Europe apart and will eventually require severe austerity to prevent sovereign debt crisis and default. So I've been reading Simon Johnson's blog and naked capital as well as the Austrian economics-soaked rightish fringe, where I've learned that fiat currency collapse is always and everywhere OMFG imminent!

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