A little irony arrived with the two issues of The Nation I found in my mailbox the Monday after the election. Yep, both the November 17 and 24 issues got here together. ‘Course, the ironic part of it is–and I’m sure it’s only a coincidence–even though my county went red through no fault of my own, even though I live on the totally opposite end of the state from Hampton Roads, here was The Nation advising me a week after the fact that I had to get out and vote despite all that Republican hooliganism trying to disenfranchise me.
Oh, ya left out the one about the pile o’ radical pinko magazines falling off the truck only to be recovered a week late, er, later. I got one a’ them Muslims Are Destroying the World discs, too! Life sure is different out here on the farm! Missin’ those friendly ole robocalls.
MARY ANN DANCISIN
Full Employment à la Minsky
Los Angeles; Rhinebeck, N.Y.
Our gratitude to Robert Pollin for “We’re All Minskyites Now” [Nov. 17], drawing attention to the ongoing relevance to economics of our father, Hyman Minsky. While he is best known as a theorist of financial crises, in Chapter 13 of his Stabilizing an Unstable Economy, Minsky delineates a plan for full employment adapted from those implemented by FDR. Our father shows how state-generated full employment can operate to provide greater stability for the entire economy. Indeed, the success of Argentina’s post-2001 state-run Employer of Last Resort program (in part conceived by two of our father’s closest associates, Jan Kregal and L. Randall Wray) attests to the feasibility of Minsky’s proposals as a means to achieve full employment, ameliorate capitalism’s tendency to generate severe income inequalities and help stabilize an utterly unstable economy–a strategy we might all do well to keep in mind in the coming months!
ALAN MINSKY, DIANA MINSKY
Green New Deal / Climate Bailout
Mark Hertsgaard is one of the few journalists who have warned for years of the existential threat of global warming, and in “Wanted: A Climate Bailout” [Nov. 17] he responsibly urges immediate action to avert the impending disaster, even implying it might already be too late.
We’ve been reading about global warming for two decades, yet we still not only add greater quantities of CO2 and other global warming gases to the atmosphere year after year, we’re also increasing the rate of increase of those gases year after year. And the much feared threshold of 350 ppm CO2 has been passed with little concern from our leaders.