Author Topic: So good economic news is bad because we may not spend the money properly? (George Will)  (Read 269 times)

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Offline endicom

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American Thinker
Jack Hellner
Feb. 5, 2018

Is George Will the nation's new Mrs. Grundy?
 
His column, titled: "The good economic news is actually bad. Here's why." shows that supposed intellectuals of his kind wield a lot of ignorance. Seriously, he really does say prosperity is bad for people because it leads to bad behavior, such as running up credit card debt and not saving for retirement.
 
This stroll down memory lane suggests this rule: All news is economic news, because everything affects the economy, or reveals attitudes or behaviors that soon will affect it. And all economic news is bad — especially good economic news, because it gives rise to bad behavior.

More... http://www.americanthinker.com/blog/2018/02/so_good_economic_news_is_bad_because_we_may_not_spend_the_money_properly.html


George Will column: https://www.washingtonpost.com/opinions/the-good-economic-news-is-actually-bad-heres-why/2018/02/02/9af38e38-0782-11e8-8777-2a059f168dd2_story.html?utm_term=.9b0fca552333

Offline EasyAce

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American Thinker
Jack Hellner
Feb. 5, 2018

Is George Will the nation's new Mrs. Grundy?
 
His column, titled: "The good economic news is actually bad. Here's why." shows that supposed intellectuals of his kind wield a lot of ignorance. Seriously, he really does say prosperity is bad for people because it leads to bad behavior, such as running up credit card debt and not saving for retirement.
 
This stroll down memory lane suggests this rule: All news is economic news, because everything affects the economy, or reveals attitudes or behaviors that soon will affect it. And all economic news is bad — especially good economic news, because it gives rise to bad behavior.

More... http://www.americanthinker.com/blog/2018/02/so_good_economic_news_is_bad_because_we_may_not_spend_the_money_properly.html


George Will column: https://www.washingtonpost.com/opinions/the-good-economic-news-is-actually-bad-heres-why/2018/02/02/9af38e38-0782-11e8-8777-2a059f168dd2_story.html?utm_term=.9b0fca552333

The writer doesn't seem cognisant of rhetorical observation, which he might have figured had he read the final paragraph in Mr. Will's essay:

Americans consider deferral of gratification unnatural, which it is. Time was, however, thrift was considered a virtue. People sat at kitchen tables, calculating how to bring their outlays, for living and retiring, into alignment with their incomes. But eventually many people decided: This is no fun. Instead, let’s disconnect enjoyable spending decisions from tiresome facts about resources, thereby living the way the federal government does.


"The question of who is right is a small one, indeed, beside the question of what is right."---Albert Jay Nock.

Fake news---news you don't like or don't want to hear.

Offline goatprairie

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The writer doesn't seem cognisant of rhetorical observation, which he might have figured had he read the final paragraph in Mr. Will's essay:

Americans consider deferral of gratification unnatural, which it is. Time was, however, thrift was considered a virtue. People sat at kitchen tables, calculating how to bring their outlays, for living and retiring, into alignment with their incomes. But eventually many people decided: This is no fun. Instead, let’s disconnect enjoyable spending decisions from tiresome facts about resources, thereby living the way the federal government does.
You're right...the basic thrust of Will's column was not bemoaning the tax cuts but worrying about many Americans' failure to save for their futures. He's probably right.