Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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June 24, 2016, 6:18 pm, 1648356
(Steven Hayward)

You owe it to yourself to take in “Orange Americans for Trump,” a nice parody of several familiar tropes.

But for real fun, I can’t believe I’d never seen this video of Trump and Rudy Giuliani from back ...


June 24, 2016, 4:18 pm, 1648315

Comment of the DaySkahammer: I think the game changed with the election of Obama: "I resisted this conclusion through his first term because it seemed so reductive...

...But his second term has convinced me that the Republican electorate just won't tolerate ...


June 24, 2016, 4:18 pm, 1648314

John Maynard Keynes (1925): Am I a Liberal?: "If one is born a political animal, it is most uncomfortable...

...not to belong to a party; cold and lonely and futile it is. If your party is strong, and its programme and its philosophy ...


June 24, 2016, 2:18 pm, 1648279
(Paul Mirengoff)

Yesterday was a big news day before any Brexit votes had been counted. Two major Supreme Court decisions, one of which voided a core Obama legacy item, plus the collapse of the Freddie Gray prosecutions.

But with the Brexit vote, yesterday became historic. On this, I think ...


June 24, 2016, 2:18 pm, 1648278
(Steven Hayward)

Gerard Baker of the Wall Street Journal offers the best summary this morning of the larger meaning of Brexit. Gerry, as his friends and colleagues call him, is a subdued fellow not given to hyperbole, which is why this judgment is so bracing:

Levels of dissatisfaction with leadership ...


June 24, 2016, 2:18 pm, 1648277
(John Hinderaker)

I will have thoughts on the implications of Brexit later in the day, but for now want to ask a more limited question: why are liberals so hateful?

The last days of the EU campaign were marred by the Remain camp–i.e., the forces of Britain’s establishment–trying to use the ...


June 24, 2016, 2:18 pm, 1648275

Must-Read: I disagree with Paul Krugman: not "Brexit just brings to a head an abscess that would have burst fairly soon in any case..." but rather: Brexit evolves antibiotic-resistant bacteria and brings to a head an abscess that would probably have drained itself gradually--and could still have ...


June 24, 2016, 2:18 pm, 1648276

Must-Read: The very sharp Martin Wolf sees structural recession in Britain's near future.

People minimizing risk are going to leave Britain. People who would otherwise locate in Britain and are risk-shy are going to pause and wait and see. The Bank of England needs to drop the ...


June 24, 2016, 2:18 pm, 1648274

Must-Read: Brexit Edition. The very sharp Charlie Stross writes from Caledonia:

Charlie Stross: "Tomorrow Belongs to Me": "Okay, so the idiots did it; they broke the UK...

...The Brexit referendum was initially a red herring; a proxy struggle for control ...


June 24, 2016, 2:18 pm, 1648273

Must-Read: Felix Salmon: Little England Just Screwed Us All: "The world’s bond markets (and, even more, its foreign-exchange markets) tell you everything you need to know...

...Recession in the UK, quite possibly recession in Europe, and extremely nasty spillover effects in ...


June 24, 2016, 2:18 pm, 1648272

June 24, 2016, 2:18 pm, 1648271

John Maynard Keynes (1919) The Economic Consequences of the Peace http://amzn.to/28SXgy3

Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe has lived for the last half century. We assume ...


June 24, 2016, 10:18 am, 1648181
(Scott Johnson)

Ammo Grrrll declares it VERY WARM:

It’s that time of year again in Arizona where not only is it 114 during the day, but it’s still 99 at midnight. We Climate Change Denying Racketeers call that summer. I get a big kick out of looking on Accuweather every morning ...


June 24, 2016, 10:18 am, 1648180
(Scott Johnson)

I never did understand the case for Britain’s continued membership in the European Union. Barack Obama’s threat against Brexit — issued at the invitation of Prime Minister Cameron, no less, and perhaps scripted by Ben Rhodes — made for a clarifying moment. Is Barack Obama a ...


June 24, 2016, 10:18 am, 1648179
(Scott Johnson)

Hillary Clinton failed to hand over to the State Department one of the key emails regarding the use of her private server for her official business as Secretary of State. The AP’s Michael Biesecker picks up the story from the Inspector Generals report on Clinton’s email ...


June 24, 2016, 10:18 am, 1648177

No Longer so Live at Project Syndicate: I find myself increasingly believing that the side of the scale that says the Federal Reserve is in the process of losing its credibility is the heavier. And this past week added another weight to that side of the ...


June 24, 2016, 10:18 am, 1648178

The History Place: World War I Timeline - 1916:

The Allies begin a week-long artillery bombardment of German defensive positions on the Somme River in northern France, in preparation for a major British-led offensive. Over 1.5 million shells are fired ...


June 24, 2016, 10:18 am, 1648176

June 24, 2016, 6:18 am, 1648105
(Steven Hayward)

Wow. That’s all I can say right now. I’ve been out all evening, among other things watching a socialist argue vigorously with an even further left socialist, which allowed me to grab an extra bag of popcorn and enjoy the show. It’s like watching your ex-wife argue with ...


June 24, 2016, 2:18 am, 1648074
(Paul Mirengoff)

I wrote here about a report, based on State Department emails, that a major Clinton Foundation donor was placed on a sensitive government intelligence advisory board even though he had no experience directly relevant to the position. The Clinton donor, a Chicago securities investor named ...


June 24, 2016, 12:18 am, 1648055

Must-Read: Bloomberg: Brexit:


June 23, 2016, 10:18 pm, 1648043
(John Hinderaker)

In February 2011, Vogue magazine published a notorious puff piece on Asma al-Assad, the first lady of Syria. You can see a photo of the article here–it was titled “A Rose in the Desert”–but if you try to access it online, you get this:


June 23, 2016, 10:18 pm, 1648045
(John Hinderaker)

Many voters link Donald Trump’s positions on immigration with his position on trade. Both are seen as generally nationalistic. However, while Trump’s views on immigration are generally sound (but for the fact that his proposals don’t go far enough), his anti-free trade rants are highly suspect. Paul


June 23, 2016, 10:18 pm, 1648046
(Paul Mirengoff)

When Scotland was getting set to vote on whether to leave Great Britain, “stay” supporters raised the specter that an exit might mean loss of access to popular BBC television series. The “leave” movement took pains to assure Scots they would still be able to ...


June 23, 2016, 10:18 pm, 1648044
(Steven Hayward)

Early results on Brexit show a very tight contest, with Leave and Remain going back and forth in the lead like the Warriors and Cavaliers in Game 7. But less than 4 percent of the vote has been counted as of this moment, and none of the London ...


June 23, 2016, 6:18 pm, 1648010
(Steven Hayward)

• So far today the stock markets are up sharply, probably reflecting the judgment of traders that the Brexit referendum will fail. Curious, isn’t it, that the perpetuation of the EU is thought to be so important to Wall Street? Where are Bernie and Trump on this? Stay ...


June 23, 2016, 6:18 pm, 1648009
(Paul Mirengoff)

By a 4-4 vote, the Supreme Court today let stand a lower court decision blocking President Obama’s executive action that would have made roughly five million illegal immigrants eligible for legal status and work permits. This result kills Obama’s executive amnesty, though because of the split vote, ...


June 23, 2016, 6:18 pm, 1648008
(Paul Mirengoff)

Caesar Goodson, Jr., the Baltimore police officer who allegedly gave Freddie Gray a “rough ride” that killed him, was acquitted today of all charges by Circuit Judge Barry Williams. The decision probably means that all of the officers being prosecuted in the Gray matter will be found ...


June 23, 2016, 4:18 pm, 1647970

Live from the Republicans' Self-Made Gehenna: Storify: Thomas H. Crown: Donald Trump--The Developer: Best breakdown of Trump I've read yet! Thank you @ThomasHCrown!

[View the story "The Developer" on Storify]


June 23, 2016, 2:18 pm, 1647924
(Scott Johnson)

In an opinion issued this morning, Justice Kennedy joined the Supreme Court’s four liberals to uphold the University of Texas’s “affirmative action” program in the Fisher case. This is the case’s second trip to the Court. It won’t be coming back. The Court’s opinion today ...


June 23, 2016, 2:18 pm, 1647918

Live from the Republicans' Self-Made Gehenna: Yes, the whole Trump operation is a grift. Why do you ask?:


June 23, 2016, 2:18 pm, 1647923

Live from the Republicans' Self-Made Gehenna: Josh Marshall: For Trump, Almost Normal: "I don't know if you heard Donald Trump's anti-Hillary speech...

...a slew of demonstrable falsehoods... overheated argument about Hillary being responsible for the deaths of thousands and using the ...


June 23, 2016, 2:18 pm, 1647921

Comment of the Day: Jorgensen: "Obama being black is just a small incremental change...

...It seems to me, as a Canadian, that American politics steadily descended through the 1960s and 1970s. Jimmy Carter was perceived to be weak and encouraged a Republican ...


June 23, 2016, 2:18 pm, 1647922

Must-Read: One of the forms racism takes in America today is the belief that whenever anything goes wrong it must have given money away to poor, shiftless Black people. Today this song is being reprised by--who else?--Larry Kudlow and Steven Moore.

The very sharp Barry Ritholtz does ...


June 23, 2016, 2:18 pm, 1647919

Must-Read: Jamelle Bouie: Is American Really in an Anti-Establishment Rage?: "The same people who disapprove of Congress will readily re-elect most members to the House and Senate...

...Just 24 percent of Americans described themselves as ‘angry’ about the federal government.... Forty-seven ...


June 23, 2016, 2:18 pm, 1647920

Must-Read: John Tang: The Engine and the Reaper: Industrialization and Mortality in Early Modern Japan: "Economic development leads to improved health over time due to increased access to medical treatment, sanitation, and income...

...but in the short run the relationship may ...


June 23, 2016, 2:18 pm, 1647917

Must-Read: Courtesy of Erik Loomis of Lawyers, Guns, and Money: Yes, it is hot. But it's a dry heat. Why do you ask?:

Ria ...


June 23, 2016, 10:18 am, 1647839
(Scott Johnson)

We do not ascribe anything President Obama says to stupidity. Ignorance, occasionally. His ignorance of history is easily demonstrable, and it runs wide and deep.

However, I wonder about Attorney General Loretta Lynch (as I wondered about her predecessor, Eric Holder). The Orlando massacre has ...


June 23, 2016, 10:18 am, 1647840
(Scott Johnson)

A friend has forwarded a copy of what he swears is the secret Democratic National Convention schedule for Saturday, August 27. The Democratic convention is scheduled for Philadelphia next month from Monday, July 25 through Thursday, July 28. I therefore suspect that the document may not ...


June 23, 2016, 10:18 am, 1647838

The History Place: World War I Timeline:

Germans resume their offensive near Verdun, targeting Fort Souville which overlooks the city and the Meuse bridges. Using poisonous phosgene gas at the start of the attack, they initially take the village of ...


June 23, 2016, 10:18 am, 1647836

June 23, 2016, 10:18 am, 1647837

Live from America's Better Self: This is, I think, unfair. Mitt Romney's counterparties were very happy with his work--it was only the other stakeholders (and the government, where the PBGC often had to spend money to clean up the mess) who was unhappy. But if you were ...


June 23, 2016, 6:18 am, 1647770
(Paul Mirengoff)

As John discussed in a post below, Donald Trump delivered a major campaign speech yesterday. Overall, I thought the speech was quite good. If Trump can stay on the message he set forth today, and come up with the funds needed to ...


June 23, 2016, 2:18 am, 1647746
(John Hinderaker)

From Andy May at Watts Up With That, a fascinating chart that plots estimated global mean temperatures along with historical events over the last 4,000 years. Most of the time line is based on ice cores, while the most recent temperatures are from the HadCRUT (probably inflated) ...