Men work more

Although I very much doubt this “news” is going to suddenly bring about an end to feminist whining, much less feminism itself:

The long night of modern feminism might be about to end. A glimmer of light is flickering in the encircling gloom. A study published this week by Dr Catherine Hakim of the London School of Economics has found that men do slightly more work than the women they live with when employment and domestic work are measured together.

This is the first time I can remember in 40 years that an authoritative study on a key issue of so-called gender politics has come out with a self-evident truth that runs directly contrary to orthodox feminist ideology. The fact that it has been written and published by a woman makes it even more delightful.

Clearly Dr. Hakim doesn’t understand how social studies involving gender work. If the data shows that men work more in total, then quite clearly paid work outside the home shouldn’t count. The rule is always that whatever permits women to pose as the victims of patriarchal male oppression must be the relevant metric. If a man travels via ox-drawn cart on a business trip to train coal miners in Minsk the proper way to break rocks with a pick while the woman stays home watching their 23 year-old daughter, the correct interpretation is that he has enjoyed a paid European vacation while she has slaved away caring for the children at home.

If, on the other hand, a woman flies to Miami to lie on a beach with her old friends from college while the man stays home to care for their five children under the age of two, the correct interpretation is that he’s been having a grand old time sitting at home drinking beer and watching television while the poor woman is absolutely worn out from an exhausting week of being dragged to all sorts of social activities in which she most certainly did not want to participate. (Roissy, of course, would put a different spin on why she’s so worn out, but that’s beside the point here.)

The lesson is this: solipsism is best avoided, because it makes you look insanely stupid to anyone who isn’t equally solipsistic. But that somehow never stops the feminists.

The limited debate

The NYT doesn’t know what a real deflationista is:

The split between the chief economists, whose work helps inform trading strategies recommended to investors by their firms, echoes a broader and sometimes fiercer debate among academic economists and commentators about the threat posed by deflation and what the government’s response should be.

According to the deflationistas, as they are nicknamed, a new round of stimulus spending by Washington is urgently required to stave off a Depression-like cycle of falling prices and wages that is difficult to reverse once it is set in motion.

Inflationistas, by contrast, worry more about the effect that additional government borrowing could have on the recovery. With the budget deficit expected to hover around $1 trillion a year for the next decade, they say, interest rates could eventually surge, making borrowing — and goods — more expensive. A double dip, they say, is highly unlikely.

This isn’t a genuine inflation vs deflation debate, it’s merely an intra-Keynesian one that completely misses the points made by the hyperinflationists and the true deflationists alike. A true deflationista is someone like Bob Prechter, who has long predicted that neither fiscal nor monetary policy can possibly prevent deflation brought about by the collapse of credit. The real debate – although it is more a question than a proper debate – is whether the central banks can print money faster than credit collapses in a fractional-reserve, debt-money system.

Given that there is $53 trillion in total credit market debt compared to $8.6 trillion in M2 and the mainstream deflationary fears have been caused by total credit merely remaining flat for the last two years thanks to the heroic debt-creation measures of the Soebarkah administration and the Federal Reserve increasing M2 at an annual rate of 5 percent, the outcome increasingly appears to favor the real deflationist camp.