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Brian Villanueva's avatar

This is an example of two scholars not speaking the same language. Scott is making an traditional economic utility argument: "more income = higher utility = better well-being". Oren is making a more sociological argument: "income is only one part of well being". What's comical is that Oren is the economist and Scott is the sociologist.

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Robert's avatar

I watched the whole debate. I was curious to see what your reaction would be, Oren, when your ten minute rebuttal came up. I wholehearterdly agreed with you. Having watched and listened to you debate people like this over the last few years, I did not expect your reaction. You came as close as I have ever seen to being - shall I say it - angry! You even almost - ALMOST - raised your voice above its typical reasonableness.

I'm teasing just because I thought you did a great job. But, it reminded me of why I no longer give deference to 'conservative' think tanks and the like, and I'll throw National Review into that mix, when it comes to economics. I'll add in The Dispatch as well. Not too long ago, Jonah Goldberg made the coment that perhaps he got the China thing wrong. But, in typical neo-liberal fashion, he said he still holds out hope that China will end up looking the US - the jury is still out as to whether or not shipping so much meaningful work (and intellectual property) to China has been a failure, or at least, damaging to the lives of so many Americans. I can hear Jonah's condescending way of saying 'gloooooobalism' right now.

I listen to the Commentary magazine podcast, also. I was getting ready to yell at my speaker when, recently, John Podhoretz was throwing out ideas for as to why so many people were turning to Populist ideas regarding economics but he never mentioned the 2008 collapse and bailout. There are many, Winship, Goldberg, Podhoretz, et al, who still don't get it. Financial deregulation, globalism, and 'free trade' is their dogma and they just can't see around it: It is good. It must be. All the real economists agree on that. It is good. GDP keeps going up so it is good. Keep repeating it.

Well done, Oren. As an aside, I recently heard someone discussing Trump's cabinet picks and you got a shout-out. Well, sorta... They were musing just what would happen on Wall Street if 'Oren Cass' winds up on Trump's team of economic advisors. I thought that was funny.

What do they say about taking flak? You must be over the target.

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