Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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Brad DeLong


September 21, 2018, 2:34 pm, 1901532

Paul Krugman: @paulkrugman: "The Kavanaugh mess has structural roots. Rs needed someone who was both ideologically reliable and at no risk of developing a conscience when it came to defending Trump against rule of law. So it had to be a bad person, which meant ...


September 21, 2018, 1:03 pm, 1901510

Why are they sticking with Kavanaugh? Because the pool of "Federalist Society approved judges who also think the president is essentially unaccountable... is rather thin". There are two agendas here—that of the Federalist Society and that of the Orange-Haired Baboon. If not, the Republicans would not have wedged ...


September 21, 2018, 11:23 am, 1901479

Very, very, very, very smart: Brad Setser: Three Sudden Stops and a Surge: "Fundamentally, the crisis was a crisis of confidence in the health of the balance sheets of the great financial houses of the United States and Europe.... The line between banks and shadow ...


September 21, 2018, 11:23 am, 1901478

Very, very, very, very smart: Brad Setser: Three Sudden Stops and a Surge: "Fundamentally, the crisis was a crisis of confidence in the health of the balance sheets of the great financial houses of the United States and Europe.... The line between banks and shadow ...


September 21, 2018, 11:03 am, 1901468

I think that this is 100% right: Anatole Kaletsky: Why the US Would Lose A Trade War with China: "In handicapping the US-China conflict, Keynesian demand management is a better guide than comparative advantage.... China can avoid any damage at all from US tariffs simply ...


September 21, 2018, 10:34 am, 1901457

The aristocrats! Sign a letter supporting Brett Kavanaugh as a man of good character, get falsely smeared as the real perp in his attempted rape case. Republicans! Josh Marshall: My Take on Where We Are With Kavanaugh #5 (A Very Bad Night for Kavanaugh): "Ed ...


September 21, 2018, 9:23 am, 1901440

Shaggy: "It wasn't me..."


September 19, 2018, 11:03 pm, 1901001

Dmitry Lubensky and Doug Smith: Learning from Speculating and the No Trade Theorem: "To overcome the no-trade theorems of Aumann (1976) and others, models of speculative trade have relied on agents that do not maximize expected wealth (noise traders)...

...We develop ...


September 19, 2018, 11:03 pm, 1900999

Isabel Z. Martínez, Michael Siegenthaler, and Emmanuel Saez: The Myth of Intertemporal Labour Supply Substitution: "Macroeconomists tend to assume that people work more when their wages are temporarily higher...

...and that this is a key driver of employment fluctuations. This column ...


September 19, 2018, 11:03 pm, 1901000

A very interesting paper. My first reaction is that the effect of salt iodization is just too large—that iodine deficiency in utero is highly unlikely to rob you of 11% of your lifetime income. Thus I suspect that something has gone wrong with the identification. But I cannot ...