The First Step to Solving A Problem Is Stating It Correctly

In “1984,” George Orwell describes a totalitarian state that employs “newspeak” to enforce its aims. Rather than merely suppressing statements that endanger the ruling party, newspeak constricts the language itself, making dangerous ideas impossible to formulate. This proves to work far better than post-hoc crackdowns on radical speech, inspiring one state functionary, Syme, to exude, “It’s a beautiful thing, the destruction of words.”

With that in mind, I’d like to explore a problem I see in the current economic debate. The path before the nation in general, and the federal government in particular, is usually framed as a choice between “quantitative easing” and “austerity,” and even those who oppose the action represented by the former phrase, and support the course represented by the latter, tend to use these terms as if they truly described the two paths that might be taken.

But of course they don’t.