Because…..

A Permanent Slump?

By 

Spend any time around monetary officials and one word you’ll hear a lot is “normalization.” Most though not all such officials accept that now is no time to be tightfisted, that for the time being credit must be easy and interest rates low. Still, the men in dark suits look forward eagerly to the day when they can go back to their usual job, snatching away the punch bowl whenever the party gets going.

But what if the world we’ve been living in for the past five years is the new normal? What if depression-like conditions are on track to persist, not for another year or two, but for decades?

Read more here:

http://www.nytimes.com/2013/11/18/opinion/krugman-a-permanent-slump.html?_r=0

 

A balanced approach…

What the Right and the Left Get Wrong

Recent political debate in the United States and other advanced capitalist democracies has been dominated by two issues: the rise of economic inequality and the scale of government intervention to address it. As the 2012 U.S. presidential election and the battles over the “fiscal cliff” have demonstrated, the central focus of the left today is on increasing government taxing and spending, primarily to reverse the growing stratification of society, whereas the central focus of the right is on decreasing taxing and spending, primarily to ensure economic dynamism. Each side minimizes the concerns of the other, and each seems to believe that its desired policies are sufficient to ensure prosperity and social stability. Both are wrong.

Read more here:

http://www.foreignaffairs.com/articles/138844/jerry-z-muller/capitalism-and-inequality

 

Manning follow up:

WikiLeaks’s Manning Pleads Guilty

Bradley Manning pleaded guilty to 10 of 22 charges against him in the WikiLeaks case on Wednesday, admitting that he helped engineer the largest intelligence leak in U.S. history. But the Army private denied that the leaks directly benefited al Qaeda—the most serious charge in the case. A military judge will now decide whether to accept the guilty plea, though prosecutors could still pursue the 12 remaining charges. The 10 charges he admitted to carry a maximum penalty of 20 years in prison, but Manning could face a lifetime sentence if convicted of aiding the enemy.

– See more at: http://www.thedailybeast.com/cheats/2013/02/28/manning-pleads-guilty-in-wikileaks-case.html?utm_medium=email&utm_source=newsletter&utm_campaign=cheatsheet_morning&cid=newsletter%3Bemail%3Bcheatsheet_morning&utm_term=Cheat%20Sheet#sthash.d1f1R5lC.dpuf

The Law and Mental Disorder…

Hafemeister on Restorative and Procedural Justice for Criminal Defendants with Mental Disorders

Thomas L. Hafemeister (University of Virginia School of Law, pictured), Sharon G. Garner, and Veronica E. Bath have posted Letting Justice Ring: Applying the Principles of Restorative and Procedural Justice to Better Respond to Criminal Offenders with a Mental Disorder (Buffalo Law Review, Vol. 60, No. 1) on SSRN. Here is the abstract:
For almost as long as there has been a criminal justice system, society has struggled with how to respond to offenders with a mental disorder whose criminal behavior – largely through no fault of their own – has been shaped and driven by their mental disorder. Virtually everyone who works with this population, including criminal justice officials, believes that society’s current response is woefully inadequate. As prisons and jails have become the de facto mental health system, a costly and inappropriate approach, this concern has grown. Governmental entities, driven by fiscal crises, humanitarian concerns, and a recent Supreme Court ruling condemning the status quo, are in desperate need of alternative means to respond to this population. At the same time, there has been a general lack of thematic principles to guide the development of possible alternatives. The principles of restorative and procedural justice, however, can furnish valuable lenses for constructing such alternatives. Drawing on these principles and associated research, this Article proposes an approach providing a better response for all of the parties affected by these crimes, including the victims of these crimes as well as the offenders themselves.