Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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December 18, 2014, 2:18 pm, 1391622

Brett Norman: ACA Employer Mandate: Not as Bitter in Better Economy: "Contrary to the once dire predictions...

...of health law critics and the business community, employers are not dropping coverage en masse and steering workers into the federally subsidized plans on the new Obamacare exchanges. ...


December 18, 2014, 2:18 pm, 1391624

Paul Krugman: The Limits of Purely Monetary Policies: "I understand where Evans-Pritchard is coming from...

...because I’ve been there.... I had my road-to-Damascus moment... in 1998.... Back in 1998 I... believed that the Bank of Japan could surely end deflation if it really tried. IS-LM ...


December 18, 2014, 2:18 pm, 1391623

Itzhak Gilboa et al.: Economic Models as Analogies: "Why [do] economists analyze models...

...whose assumptions are known to be false[?]... Economists feel that they learn a great deal from such exercises.... Economists often analyze models that are 'theoretical cases', which help understand economic problems by ...


December 18, 2014, 2:18 pm, 1391620

Tim Duy: Quick FOMC Recap: "In normal times the Federal Reserve moves slowly and methodically...

...Policymakers were apparently concerned that removal of 'considerable time' by itself would prove to be disruptive. Instead, they opted to both remove it and retain it: 'Based on its current assessment, ...


December 18, 2014, 2:18 pm, 1391621

Rather far, I must say, from "to secure these rights governments are instituted..."

Oliver Wendell Holmes:

We have ...


December 18, 2014, 2:18 pm, 1391619

December 18, 2014, 12:18 pm, 1391542
(Paul Mirengoff)

President Obama has complained about being mistaken for a valet. He attributes this case of mistaken identity to his race, though it must be said that, race aside, Obama does sort of look like a valet (also, until he turned gray, like the man on the top ...


December 18, 2014, 10:18 am, 1391460
(Scott Johnson)

Thinking about President Obama’s announcement of our new policy toward Cuba, I would like to take the liberty of adding a few books to my holiday list for Power Line readers.

Armando Valladares, Against All Hope: A Memoir of Life in Castro’s Gulag. A great, inspirational ...


December 18, 2014, 8:18 am, 1391385
(Scott Johnson)

It’s a good thing that President Obama wasn’t in charge of American foreign policy during the Cold War. He could have decried the policy of containment followed by more or less faithfully by successive administrations for more than 40 years as an utter failure. At any ...


December 18, 2014, 12:18 am, 1391159
(Steven Hayward)

Hollywood is already caving in to liberal guilt over its capitulation to North Korean intimidation, apparently agreeing with Hillary Clinton that we need to empathize with our enemies. In an article out this afternoon in the LA Weekly that ostensibly laments giving in to threats, it isn’t ...


December 18, 2014, 12:18 am, 1391160
(Paul Mirengoff)

Earlier today, I contended that President Obama’s decision to begin a diplomatic and economic relationship with Cuba was an ideologically-based move intended, we should presume, to do precisely what it will accomplish — assist the dictatorship. There is, however, a case for changing our Cuba policy that ...


December 17, 2014, 10:18 pm, 1391142
(John Hinderaker)

President Obama has chosen an odd time to begin a diplomatic and economic relationship with Cuba that undoubtedly will strengthen Cuba’s economy and thereby, in all probability, prolong the rule of the Castro brothers and make it more likely that they will be succeeded by another generation of ...


December 17, 2014, 10:18 pm, 1391141

Chapter 12-THE ARDENNES: BATTLE OF THE BULGE:

St. Vith lay approximately twelve miles behind the front lines on 16 December. This was an average Belgian town, with a population of a little over 2,000 and sufficient billets to ...


December 17, 2014, 8:18 pm, 1391107
(Steven Hayward)

No sooner than I suggest that Hollywood order up a whole slate of movies mocking North Korea than the news comes that Sony is pulling theatrical release of “The Interview,” about which the hackers have threatened terrorist violence.  Call me a cynic, but I wonder if ...


December 17, 2014, 8:18 pm, 1391106
(Paul Mirengoff)

You knew this was coming, right? You knew that, with all of the national elections that will take place during his presidency behind him, Barack Obama would do everything in his power — broadly defined — to assist the Castro regime.

President Obama was a good friend to ...


December 17, 2014, 6:18 pm, 1391053
(Scott Johnson)

Mark Falcoff is resident scholar emeritus at AEI. He is the author of several books including Cuba the Morning After: Confronting Castro’s Legacy. He writes to offer his thoughts on today’s developments:

There are many aspects of this story that have not made the media. May I ...


December 17, 2014, 6:18 pm, 1391054
(John Hinderaker)

Pretty much everyone is all over this story, but what the heck: why not pile on? The Obamas are trying to catch the wave of racism that supposedly is sweeping across the land. They may live in the White House, but hey–they are still subjected to racial ...


December 17, 2014, 2:18 pm, 1390885
(Steven Hayward)

I’ve joked over the years that Al Gore’s expanding girth was merely his personal, one-man carbon sequestration project.  Now the problem with humor like this is that it runs the risk of coming true, and then you’re defeated as a satirist.

Sure enough, dieting contributes to greenhouse gas emissions ...


December 17, 2014, 2:18 pm, 1390886
(Steven Hayward)

Scott has followed Martha McSally’s race for an Arizona House seat here and here.  She’s just been officially declared the winner in the nation’s last remaining undecided House contest, by a margin of 167 votes.  From the AP:

PHOENIX (AP) — Republicans will have their ...


December 17, 2014, 12:18 pm, 1390808
(Paul Mirengoff)

I suspect that Jeb Bush is launching his presidential bid so early in part as a preemptive strike against Marco Rubio, his fellow Floridian. If Bush gains the inside track on key donors, especially ones from Florida, it might cause Rubio to think twice about running. If ...


December 17, 2014, 12:18 pm, 1390807

From Perry Anderson (1976): Considerations on Western Marxism: "The consequence of this impasse...

...was to be the studied silence of Western Marxism in those areas most central to the classical traditions of historical materialism.... ...


December 17, 2014, 10:18 am, 1390728
(Scott Johnson)

In a college course on the literature of the Renaissance we read Montaigne’s essay “That to philosophize is to learn to die.” Talking with me about it outside of class, the professor remarked that he thought participation in sports taught the wisdom of Montaigne. He recalled watching ...


December 17, 2014, 10:18 am, 1390727
(Scott Johnson)

A Power Line reader copies us on his letter to the editor of the Washington Post. His letter presumably will not see the light of day in the Post. I have lightly edited the letter and added internal links:

To the Editor:

The Washington Post suggests using ...


December 17, 2014, 10:18 am, 1390726

Over at Equitable Growth: Paul Krugman: The Limits of Purely Monetary Policies: "I understand where Evans-Pritchard is coming from...

...because I’ve been there.... I had my road-to-Damascus moment... in 1998.... Back ...


December 17, 2014, 10:18 am, 1390725

Over at Equitable Growth: This Time, It Is Not Different: The Persistent Concerns of Financial Macroeconomics:

When the Financial Times's Martin Wolf asked former U.S. Treasury Secretary Lawrence Summers what in economics had proved useful in understanding ...


December 17, 2014, 8:18 am, 1390644

Wikipedia: Elsenborn Ridge:

The Elsenborn Ridge is a ridge line... the blocking line on the northern shoulder of the Battle of the Bulge... the main line of advance for Hitler's prized 12th SS Panzer Division Hitlerjugend. However, units ...


December 17, 2014, 8:18 am, 1390643