Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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May 26, 2016, 2:18 am, 1639947
(Paul Mirengoff)

Bill Otis wonders whether crime will be a significant issue in the 2016 presidential election. It could. Although the crime rate remains low compared to what it was in the days when crime policy was a major issue (and a winning one for Republicans), ...


May 26, 2016, 12:18 am, 1639932

Over at Equitable Growth: Must-Reads:

Eric Loomis: Jobs for Those Who Lack College Degrees Branko Milanovic, Janet Gornick, and Paul Krugman: Talking Global Inequality Brad DeLong et al.: ...


May 26, 2016, 12:18 am, 1639931

Must-Read: Perhaps I have fallen down on the job. Perhaps I have not EconomistSplained enough to the very sharp Eric Loomis that the Education Fraction does not believe that everybody ought to get a college education. The Education Fraction, rather, believes that the demand for college-educated workers ...


May 26, 2016, 12:18 am, 1639930

Live from the Self-Made Gehenna which is Twitter: Verb. sap.:

Anderson: ThusTweeted:

I have created this beautiful thing for you all. pic.twitter.com/EcXrc8PbYl

— Phillip Bastien (@PABastien) May 25, 2016


May 26, 2016, 12:18 am, 1639929

Must-Read: Very clever indeed...

Pedro Bordalo, Nicola Gennaioli, and Andrei Shleifer: Diagnostic Expectations and Credit Cycles: "We present a model of credit cycles arising from diagnostic expectations...

...a belief formation mechanism based on Kahneman and Tversky’s (1972) representativeness heuristic. In ...


May 25, 2016, 10:18 pm, 1639902
(Steven Hayward)

Forget gender categories. Last month we reported on the human being who is transitioning into a dragon, along with the prescient perception of Harry Jaffa thirty years ago that “Whether you want to belong to the human race is now a matter of personal preference.”

More evidence of ...


May 25, 2016, 8:18 pm, 1639891

Andrew Gordon: The Rules of the Game: Jutland and British Naval Command:

Interaction between Beatty and Evan-Thomas appears, by contrast, to have been non-existent.


May 25, 2016, 8:18 pm, 1639890

Winston S. Churchill: The World Crisis:

In the tense naval controversy upon Jutland the keenest minds in the Navy have sifted every scrap of evidence. ...


May 25, 2016, 6:18 pm, 1639864
(Steven Hayward)

Of all the publications you’d expect to be in full sympathy with Transgender Bathroom Nihilism (TBN), The New Yorker would have to be high on the list. So it is notable when that august publication takes note of the incoherence and legal pitfalls of the Obama Administration’s recent ...


May 25, 2016, 6:18 pm, 1639862
(Paul Mirengoff)

Susana Martinez is the two-term governor of New Mexico. In 2013, she was reelected with 57 percent of the vote. She chairs the Republican Governors Association.

Martinez is one of the most prominent Hispanics in the Republican party, and probably the GOP’s leading Hispanic female (or Latina, if ...


May 25, 2016, 6:18 pm, 1639863
(John Hinderaker)

Today the State Department’s Inspector General released his fourth and final report on FOIA compliance, preservation of electronic records and use of non-departmental systems in the Department. Today’s report covers the offices of Secretaries of State going back to Madeline Albright, but its harsh findings are reserved for ...


May 25, 2016, 4:18 pm, 1639831

A month ago I wrote:

"You are not doing enough in the way of promiscuous link-sluttage", my conscience says to me, occasionally. "You are not doing enough in the way of making people who come to your weblog aware of very smart people whom they ought to be ...


May 25, 2016, 2:18 pm, 1639787
(Scott Johnson)

Judge Davis’s concerns about maintaining order in the courthouse were well founded, to say the least. He knows what he is doing, or trying to do.

While we were waiting to be admitted to Judge Davis’s courtroom this morning a few mintues ago, a rumble broke out between ...


May 25, 2016, 2:18 pm, 1639788
(Scott Johnson)

Conspirator turned government informant Abdirahman Bashir completed his testimony during his fifth day on the stand yesterday. Defense counsel Bruce Nestor represents Abdhirahman Daud and is the best lawyer at the trial. He aggressively cross examined Bashir about his role promoting the trip to San Diego ...


May 25, 2016, 2:18 pm, 1639786
(John Hinderaker)

Last night in Albuquerque, rioters attacked a Donald Trump rally. Several tried to disrupt the event and had to be removed from the crowd. Most remained outside, throwing rocks at the hall and burning objects at policemen.

Albuquerque attorney Doug Antoon said rocks were flying through the ...


May 25, 2016, 2:18 pm, 1639785
(Paul Mirengoff)

Grant Starrett is running for Congress in Tennessee’s Fourth Congressional District. A year ago, I introduced Grant to our readers and explained why I intend to support him.

Grant is a rising conservative star. He’s a graduate of Stanford, where he founded the Stanford Conservative Society and ...


May 25, 2016, 2:18 pm, 1639784
(Steven Hayward)

In the last hour Sen. Tom Cotton took to the Senate floor to denounce the “bitter, vulgar, incoherent ramblings of the minority leader,” the “cancerous” Harry Reid. And it gets better from there. Take it in—just two minutes long:


May 25, 2016, 2:18 pm, 1639783

Must-Watch: Branko Milanovic, Janet Gornick, and Paul Krugman: Talking Global Inequality:


May 25, 2016, 10:18 am, 1639694
(Steven Hayward)

I hate to keep picking on vegans—and I wouldn’t if so many didn’t make a righteous ideology out of it*—but this story (which wouldn’t be a news story if there weren’t an agenda behind it in the first place) is just too irresistible:

Woman trying to prove ‘vegans ...


May 25, 2016, 10:18 am, 1639693
(Scott Johnson)

Obama national security adviser and voluble liar Ben Rhodes declined the invitation to appear before the House Oversight Committee to testify on “White House narratives on the Iran deal” last week, but Michael Doran accepted. The hearing was occasioned by David Samuels’s illuminating New York ...


May 25, 2016, 10:18 am, 1639692

Must-Read: Brad DeLong et al.: Paul Volcker and the Human League: "Monetary Superneutrality"--Claiming That Real Variables Are Invariant to Changes in the Average Inflation Rate--Is No Longer a Thing...:

[View the story "Paul Volcker and ...


May 25, 2016, 10:18 am, 1639691

Comment of the Day: Lee Arnold: Why is it that Tocqueville, Keynes, and Polanyi are still "it" as far as policy-relevant useful social theory is concerned?: "I sometimes think about your question...

...and I think that the answer is because we ...


May 25, 2016, 10:18 am, 1639690

A couple of thoughts on the economic consequences of #Brexit. HM Treasury, the Institute for Fiscal Studies, and others have published their efforts to forecast the short- to medium-term impacts of leaving the EU, and it’s fair to say none of them are good. The point I would like to ...


May 25, 2016, 10:18 am, 1639689

Prominent Brexiter Andrew Lilico, I see, argues that we could avoid the uncertainty created by triggering the Article 50 process by not doing so:

The Treasury says an instant triggering of Article 50 post-referendum would be a driver of uncertainty. In which case, maybe don’t do that?

Indeed. Article 50 of ...


May 25, 2016, 8:18 am, 1639646

Must-Read: Atif Mian and Amir Sufi: Who Bears the Cost of Recessions? The Role of House Prices and Household Debt: "We... show... differential shocks to household net worth coming from elevated household debt and the collapse in house prices play an underappreciated role...

...


May 25, 2016, 8:18 am, 1639647

The very sharp Nick Rowe is distressed and depressed:

Nick Rowe: "This article on helicopter money is such a mare's nest...

...I don't know where to begin to untangle the mess. https://t.co/C0sqyNSjM3

— Nick Rowe (@MacRoweNick)


May 25, 2016, 8:18 am, 1639645

May 25, 2016, 6:18 am, 1639610
(Steven Hayward)

Last year we had ten-part series on the problem of science fraud, and we return to the subject now because pop culture is catching up, which is usually a sign of larger public trouble. The Puffington Host is on the story, reporting on the widespread practice ...


May 25, 2016, 2:18 am, 1639555
(Paul Mirengoff)

Heather Mac Donald, writing in the Wall Street Journal, describes the crime wave that is sweeping the nation, and attributes much of it to the Ferguson effect. She notes that even some who initially denied the Ferguson effect now admit that the phenomenon ...


May 25, 2016, 2:18 am, 1639554
(Paul Mirengoff)

This morning, a MSNBC news anchor, reporting on Bill Cosby’s court appearance regarding allegations of rape, referred to Cosby as “Bill Clinton.” It was a slip of the tongue, but not a random one. Rather it was a Freudian slip, one that suggests the ...


May 25, 2016, 2:18 am, 1639553
(Paul Mirengoff)

I don’t think we’ve commented yet on the report by Eliana Johnson that Newt Gingrich is under serious consideration as Donald Trump’s running mate. Elaina’s report is consistent with what I’ve been hearing.

Gingrich would, I think, be an odd choice. But then, this is ...