ROCK ‘N’ ROLL!

NO BUBBLE, JUST ROCK!!! VOL. 16

Mellow is the Bubble

I’ve been putting in more overtime at the office, but that gives me a chance to listen to music!

Here’s Peach Kelli Pop, our space explorers:

And Skylar Gudasz covering Big Star:

At the end, if you look carefully you just might see the last gen x American as the camera pans right. I even contributed a whistle.

Gudasz’s original stuff is quite good too.

Speaking of Grad PLUS Loans…

This weekend, the Times both accepted the Bennett hypothesis and chose not to condescend to us about the “paradox” of how underemployed law grads can refuse to work for people who can’t afford to pay them. That’s really remarkable. What more can I say?

Okay, one point, an emphasis. When I wrote that applying the gainful employment rule to all law schools would cause fifty to close in short order, I was clearly being conservative. $50,000 in discretionary income is a lot of money, even for law school graduates.

And since we’re on the topic of student lending, the Department of Education updated its student loan data through the 2014-2015 academic year. I’ve updated the Student Debt Data page accordingly.

The big findings are that (a) people are borrowing less money from the federal government:

Amount of Federal Loans Disbursed

…But (b), Grad PLUS borrowing hasn’t changed much in the last year.

In the last two years though, the number of Grad PLUS borrowers has grown (+2,540) while the total amount borrowed has fallen (-$140 million). It only amounts to about $500 per borrower, but who knows, maybe it’s due to fewer law students? I wouldn’t be surprised.

Finally, in the same week that I bought my first car I realized after years of listening that Galaxie 500’s “Blue Thunder” is about a man’s love for his car, and the Route 128 reference indicates it’s an homage to the Modern Lovers’ “Roadrunner.” (I’m terrible at discerning lyrics; it’s usually not what I listen for in music.) I really dig how “Blue Thunder” denies the listener the chorus until the very end.

I prefer the album version, but how could I not post an ’80s video?

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NO BUBBLE, JUST ROCK!!! VOL. 14

Mellow is the Bubble

It’s been a few months since I’ve done one of these, and thanks to some overtime this weekend I haven’t had time to write, so here’s Japandroids’ “Adrenaline Nightshift.”

…And since I’m seeing a performance of Big Star’s Third this week, here’s “For You.”

Finally, here’s the best photo I took of the lunar eclipse last night.

2015-09-27 Lunar Eclipse

Fin.

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IfTashaYar’sRapeGangsHadaTransporter

…Is what I think about now whenever someone brings up the economics of Star Trek. For those unfamiliar, the title refers to a character from Star Trek: The Next Generation, Tasha Yar, who grew up on a politically collapsed colony populated by … rape gangs! Think Mad Max only ham-fisted. It’s also a reference to the 2007 combined tour of the bands Ifihadahifi and Replicator, “IfIHadARepliTour.” Yup, a show I never saw was so memorably named it stuck in my head for eight years.

Today’s “Economics of Star Trek” adventure appears courtesy of The New York Times, “A ‘Star Trek’ Future Might Be Closer Than We Think.” Reporting on the upcoming book Trekonomics– I know, I know, I hear you groaning in agony at your screens.

Okay, so the Times interviewed one of the authors and claimed:

When everything is free, said Mr. Saadia, objects will no longer be status symbols. Success will be measured in achievements, not in money: “You need to build up your reputation, you need to be a fantastic person, you need to be the captain.” People will work hard to reach those goals, even though they don’t need a paycheck to live.

Wrong. When you have teleporters—and set aside the obvious philosophical issues of voluntarily walking into a disintegrator beam so a duplicate of yourself can be incarnated somewhere else—you will have crime, mass terrorism, mayhem, and social collapse. Come on folks, show a little realism about human motivation.

So, now that we’ve dismissed the subject on the merits, we can pick it for less entertaining reasons. Let’s look at Star Trek without transporters. Would objects no longer be status symbols? Would people live to work and not work to live? Would we have … “post-scarcity”?

Hardly. We’d squabble over all the stuff that we can’t replicate, just like today. That’s the rub with productivity: There isn’t a whole lot of difference between mass-producing stuff cheaply versus for free. However, stuff that can’t be produced or easily substituted, i.e. positional goods, won’t disappear. This is precisely why I believe the concept is so important and write about it so frequently. Indeed, Trekonomics‘ author’s assertion that everyone needs to be the captain proves my point and discredits his: We can’t all be the captain. Someone will need to clean up replicator spills, so the future looks more like Red Dwarf than Star Trek.

Consequently, you’re going to need to produce something more substantial than menial labor to afford the location costs to live in San Francisco, Star Trek‘s preferred Earth location. But if the landowners of Trek can get everything they want for free, then we’re back to the robots-substituting-for-workers problem that I’ve addressed before.

And don’t waste your time arguing that people can always leave Earth for more space. That’s just kicking the can forward and ignoring the fact that even when land is free, poverty still exists in urban centers. Henry George observed this in the 1870s (and he cut his chops in San Francisco). At some point, “post-scarcity” stories only work if you tap location values. Nothing less will do.

Ultimately, “Economics of Star Trek” discussions raise two questions. One is concerned with filling the gaps created by the showrunners’ (mis)understandings of political economy, and the other is applying existing social science knowledge to the show. The first question disserves the show. It’s aspiration, not social theory. The second question, going by the author’s quotations, still needs work. We’re a long way from the characters chatting about how in the 21st century people actually believed consumption taxes were a good idea.

Oh, and since I’m talking about Ifihadahifi, here’s its Scott Walker protest song:

New Rule Spells Trouble for For-Profit Law Schools

…Is up on The American Lawyer.

Doomed! DOOMED I TELL YOU! Mwahahahaha!

I’d wanted to comment on the ABA Task Force on the Financing of Legal Education’s report, but alas my trusty computer that I’d been working on to write this blog all these years ran its last clock cycle over the weekend. Naturally, everything was backed up and has been transferred to my new machine. The show will continue—albeit with a delay.

In the meantime, here’s some Cloud Cult, which I saw at Minneapolis’ Northern Spark a couple weekends ago.

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