Noah, treading water

The often interesting Noah Smith offers a dubious contrast of intellectual vibrancy of left vs. right. On the right we have the Yuval Levin/National Affairs crowd, who as others have observed enjoy little support from the raging id that is the Republican base. The “Reformicons” have been roundly bashed so there is no need in this post to dwell on their dubious ideas. On the left he offers Richard Florida, advocates of schemes to boost savings (like Richard Thaler, Univ of Chicago economist), and Cass Sunstein.

I’ll leave classifications of Florida (the man, not the nutcase of a state) to others. My friend Peter Dorman characterizes him as an advocate of European-style cities. Dorman notes that this does not jibe with Smith’s notion that his leftists have transcended the old ways of social-democracy.

I’m a little tickled that someone attuned to New Keynesian models is taken with savings schemes, since in that context no such scheme enlarges the saver’s lifetime budget set, though it might increase their well-being. I debated the asset builders some time back and basically made that point. You don’t increase incomes of the poor by persuading them to spend it later rather than sooner. As for Sunstein, he’s a deregulator. There could be something to say for all these worthies, but they are a poor sample of the American left.

Instead I would suggest those interested in what’s left to look into events such as this, and journals such as this. Or my blogroll. Noah, you need to get out more.