I’ve been on the road this week, giving a public talk in Santa Barbara at Fielding Graduate University, and taking a break from a very hectic writing and teaching schedule. Returning to frigid New York, I feel cut off from my usual news sources and news gathering customs. As it happens I couldn’t read the paper version of The New York Times first thing, as is my morning custom, didn’t listen to Morning Edition and All Things Considered on NPR, and didn’t go from there to search the web for interesting under reported news and commentary. Instead I took a look at cable news, and found, to my dismay, that I really didn’t understand what had happened this week. This underscored Laura Pacifici’s point. Audiences consume “news products” that confirm their beliefs; news reporting and commentary are not informing. It struck me that this is the way that many people keep up with public affairs. I felt like I was in a fog. No wonder fictoids work! I was warmed by the Santa Barbara sun, chilled by “the lame stream media.”
Although I was on vacation, I managed to keep DC going, thanks to interesting posts by DC contributors. Will Milberg presented a very different account of the China – America relationship. I am convinced. The issue is less about currency valuations, more about economic practices of them and us. As Milberg succinctly put it:
“The key to the problem of global imbalances is to resolve them in an expansionary way rather than a contractionary way. In the wake of the crisis and a deep and widespread recession, we should be thinking about a reform of the international payments system that shifts the burden of adjustment from deficit countries (who are forced to contract their economies in order to reduce imports) to surplus countries (whose extra spending raises their imports).”
Gary Alan Fine, following up on his brilliant Jared Lee Loughner post, considered a fundamental problem in representative democracy, should we vote for representatives because of their personal qualities or principled positions. He makes . . .
Read more: DC Week in Review: Obama, no Lincoln, and a few other observations