Make no little plans, they have no magic to stir men’s blood
I’m an NBA fan and so is Matt Yglesias. Last week I linked to an NBA study that showed teams in low income tax states have higher winning percentages. I then tried to get cute by suggesting that Matt should advocate the abolition of state income taxes in the DC metro area, hoping he would see it as a way of helping to improve the hapless Wizards.
But tax cuts are how conservatives think. Liberals like more grandiose plans, preferably with other people’s money. Here’s Matt:
Alternatively, if the PBOC insists on only purchasing dollar-denominated investment assets, they could buy all 30 NBA teams for something like $11 billion. This would obviously be a much less liquid investment than China’s typical moves. But it’s a pretty trivial amount of money compared to the total, and a large sovereign like China can afford some illiquid investments. What’s more, by purchasing the NBA and ending the lockout, China could obtain some much-needed soft power.
They would prevent a lockout by transferring funds from Chinese peasant farmers to NBA superstars.
I think Matt was joking, in which case I am too. If not, well then I’m not either.
Tags:
12. July 2011 at 20:04
“grandiose” is the WRONG word.
this takes a phrase…
“want to control their betters”
Now it makes perfect sense.
12. July 2011 at 20:16
Also, “preferably” is the wrong word.
“necessarily” fixes it.
The ONLY smart liberal I’ve ever met – Austan Goolsbee. And like Clinton, he’s not really a liberal.
13. July 2011 at 11:05
Morgan, It’s my blog.
17. July 2011 at 23:17
In the foreshadow of this NBA Lockout various NBA and NFL players have teamed up to make this hilarious video: http://www.youtube.com/watch?v=51rdAN0Y2xI
18. July 2011 at 08:57
Lincoln, Thanks. That’s pretty funny.