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The Fall of Empire; Board of Estimate; Future Follies
Fans of comparative history may find several things to say about Gerard Baker's critique in the Times Online of a typical failure of the historical imagination:
A quick history lesson: America is no Rome If you are going make an analogy between American and Rome, it would be the Late Republic, compared with which the history of America in the past few decades has been relatively serene. Still, the "decline and fall" analogy cannot be attributed simply to modern unfamiliarity with Classical history. At the Constitutional Convention, the Founding father chattered about Gibbon and routinely compared the British Empire to the Roman Empire in its last days. The Fall of the Empire is like a musical hook: it's an idea with an appeal beyond its merits.
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Now you tell us? So says Peggy Noonan about the disclosures in Alan Greenspan's new memoirs:
He disdains the Great Pork Spree of the '00s. The unifying idea that governed Bush White House economic thinking--"deficits don't matter"--was, simply, wrong. Mr. Greenspan found it a "struggle" to accept that this is what the Republican Party had come to. Scrambling for political dominance became the party's great goal. "The reality was even uglier": They would spend and spend "to add a few more seats to the Republican majority." One of the things that made me frantic about the Republican Congress was its belief that fiscal policy was not a tool of macro-economic management. Greenspan could have informed them otherwise while speaking at a level of abstraction high enough that his remarks would not have been considered partisan. On the other hand, I don't think that it would have been practical or even proper for the head of the Federal Reserve to tell Congress what it can or can't do. He's just a banker, after all. Such people can be allowed to be omnipotent only on the condition that they do nothing. Like the Supreme Court, the Fed's area of real expertise is really quite limited. It is a distraction from their proper functions to ask bodies like these to make legislative decisions of general application. The more I think about it, the more I like Fareed Zakaria's suggestion that some independent body should prepare the federal budget and then Congress can vote it up or down. As I have mentioned before, the Board of Estimate in New York City performed that function, with the city council having final approval but not budget-writing authority. The abolition of the board, because the way its members were selected violated the one-man/one-vote principle, broke the city's budget process for years
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Finally, Mark Steyn has some ideas of his own for structural changes to government:
I’m not unsympathetic to those who favor a constitutional amendment prohibiting all baby boomers from public office. It’s amazing to me how many institutions remain entirely in thrall to the received wisdom of 40 years ago – scarcity of “resources”, world “overpopulation”, the growing “inequality” between the rich countries and the “Third World”. That sounds about right. Certainly it has precedent, though I suspect that the disconnect between, say, 1960 and 1972 was unusually sharp. As for trying to predict the obsolescent pieties of 20 years from now, most people would find the correct predictions not so much incredible as uninteresting. Spelling reform? Come on. |
Thank you ---John J. Reilly
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| Copyright © 2007 by John J. Reilly |