Politics Roundtable

Technical Problems 1/21/15

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Politics Roundtable

Political blogs of interest to economists.

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March 3, 2015, 6:18 pm, 1432823
(John Hinderaker)

This afternoon, Democrats in politics and the media promptly swung into action to try to discredit Benjamin Netanyahu’s powerful indictment of the administration’s policies toward Iran. Nancy Pelosi bordered on the hysterical. Here, Chris Matthews accuses Netanyahu of being a “man from a foreign government” who “tried ...


March 3, 2015, 6:18 pm, 1432822

Afternoon Must-Read: Douglas A. Irwin: Tariff Incidence: Evidence from U.S. Sugar Duties, 1890-1930: "Direct empirical evidence on whether domestic consumers or foreign exporters bear the burden of a country's import duties is scarce...

...This paper examines the incidence of U.S. sugar duties using a unique ...


March 3, 2015, 6:18 pm, 1432821

Live from La Farine:


March 3, 2015, 4:18 pm, 1432742
(Steven Hayward)

I thought this had to be a hoax, but no—here’s Nancy Pelosi’s entire statement; you need to read it, not to believe it:

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement regarding Israeli Prime Minister Benjamin Netanyahu’s address to the Joint Meeting of Congress:


March 3, 2015, 4:18 pm, 1432741

Afternoon Must-Read: Heather Boushey: Taxes and Fairness in an Era of High Inequality: "(1) As inequality has increased, the tax code has not kept pace with this change...

...The tax code does less to reduce inequality than it did in the late 1970s. (2) Efforts ...


March 3, 2015, 4:18 pm, 1432740

Daily Economic History: From George Dangerfield: The Era of Good Feelings:

Indeed, when one attempts to restore [Chief Justice John Marshall] to the context of his times, it becomes ...


March 3, 2015, 2:18 pm, 1432656
(Paul Mirengoff)

Strip away the politics associated with Prime Minister Netanyahu’s speech to Congress and this simple reality remains: Netanyahu had an urgent, much needed message to deliver about Iran. This morning Netanyahu delivered that message forcefully, persuasively, and to great applause from members of both political parties.

A ...


March 3, 2015, 2:18 pm, 1432655
(Scott Johnson)

The video of Prime Minister Netanyahus’s speech to the joint session of Congress is below. The Times of Israel has posted the video along with a transcript here. I’ll post a link to the transcript provided by the Prime Minister’s Office as soon as it ...


March 3, 2015, 2:18 pm, 1432654
(John Hinderaker)

I will leave it to my partners to analyze the content of Prime Minister Netanyahu’s speech to Congress this morning as it relates it Iran. Instead, I want to make some observations about the reception that he received from the joint session of Congress.

To say that Netanyahu’s ...


March 3, 2015, 12:18 pm, 1432577
(Paul Mirengoff)

The Washington Post reports that some former U.S. troops have taken up the fight against ISIS in Iraq:

[A] growing band of foreigners [is] leaving behind their lives in the West to fight with new Christian militias against the Islamic State extremist group. The leaders of those ...


March 3, 2015, 10:18 am, 1432491
(Scott Johnson)

President Obama’s outrage at Prime Minister Netanyahu is undoubtedly genuine, but every ground presented for it by the administration for it is a transparent pretext. One such ground is Netanyahu’s appearance before Congress within a few weeks of Israeli elections. The timing of the speech, however, ...


March 3, 2015, 10:18 am, 1432490
(Steven Hayward)

Sad news this morning of the passing of M. Stanton Evans at the age of 80. He was, in addition to his long list of books and distinguished career in journalism, the author of the Sharon Statement, one of the founding documents of modern conservatism produced ...


March 3, 2015, 8:18 am, 1432418
(Scott Johnson)

President Obama’s outrage at Prime Minister Netanyahu is undoubtedly genuine, but every ground presented for it by the administration for it is a transparent pretext. One such ground is Netanyahu’s appearance before Congress within a few weeks of Israeli elections. The timing of the speech, however, ...


March 3, 2015, 8:18 am, 1432417

Richard Stewart, ed.: American Military History:

Sir William Howe had a chance to get the early start in 1777 that had been denied him the previous year. His first plan, advanced on November 30, 1776, was probably ...


March 3, 2015, 8:18 am, 1432416

The estimable Miles Kimball emails that after http://www.wsj.com/articles/the-depression-that-wa
s-fixed-by-doing-nothing-1420212315
, he wonders whether 1920-1921 is not perhaps worthy of more attention.

I agree that it is a very interesting episode: it appears to be the only time in American history ...


March 3, 2015, 6:18 am, 1432336

Netanyahu Tells AIPAC World Must Not Let Iran Go Nuclear with good reasons.


March 3, 2015, 2:18 am, 1432203
(Paul Mirengoff)

The New York Times reports that Hillary Clinton used a personal email account — and only a personal email account — to send emails in connection with government business while she was Secretary of State. According to the Times:

Mrs. Clinton did not have a government ...


March 3, 2015, 12:18 am, 1432153
(Scott Johnson)

Obama national security adviser Susan Rice spoke at the AIPAC policy conference in Washington this evening. In the video below, Rice frankly avows the Obama administration’s support for Iran’s “domestic enrichment capacity” and pursuit of “peaceful nuclear energy.”

We are advised that we have to define ...


March 3, 2015, 12:18 am, 1432152
(Paul Mirengoff)

Ray Takeyh, who served in the Obama administration focusing on Iran, has an illuminating piece on how Iran’s “Supreme Leader” is “patiently negotiating his way to a bomb.” Absent military intervention, Ayatollah Khamenei was always going to pursue his nuclear bomb. But it now ...


March 2, 2015, 10:18 pm, 1432094
(John Hinderaker)

“Net neutrality” is one of those technical-seeming issues about which it isn’t hard to make up one’s mind. Four good reasons to oppose it: 1) It is a solution to no known problem. 2) Why would we want the federal government to control the internet? 3) MoveOn.org and ...


March 2, 2015, 10:18 pm, 1432093
(Paul Mirengoff)

In my view, the big question in Republican presidential politics is how Scott Walker will perform as a candidate. As I wrote a few weeks ago, Walker has already proven that he can give deliver red meat in a prepared speech. He proved it ...


March 2, 2015, 10:18 pm, 1432092

Over at Equitable Growth: While I found things sufficiently intriguing to be worth a focus post today, I have not been able to get one into good enough shape to pass the quality bar imposed by my internal quality censor.

Therefore: In lieu of a focus ...


March 2, 2015, 10:18 pm, 1432091

Must- and Shall-Reads:

@alexisgoldstein, @dsquareddigest, @DuncanWeldon, @felixsalmon, @jamesykwak, @Mark__Buchanan, @retheauditors, and @WhelanKarl: Bull Market: A collection of finance and business writing Matthew Yglesias: "A $300 million mandatory appropriation for a new Local Housing Policy ...


March 2, 2015, 8:18 pm, 1432046

Janet Currie: Obamacare and Long-Term Competitiveness: "The long-term economic consequences of uninsuring the many children now insured under the new health law are clear...

...the importance of early childhood health care for the least advantaged kids among us--on their future workforce productivity, their contributions to ...


March 2, 2015, 8:18 pm, 1432044

Evening Must-Read: Nick Bunker: The Steep Path Forward for Unionization: "[Did] past research underestimated the role of the decline of unions in the rise of economic inequality[?]...

...Bruce Western... and Jake Rosenfeld... finds that about one-fifth to one-third of the increase in wage inequality ...


March 2, 2015, 8:18 pm, 1432045

Evening Must-Read: Frances Coppola: The Failure of Macroeconomics: "My beef is with macroeconomics...

...Olivier Blanchard, the IMF’s chief economist, recently wrote:

We in the field did think of the economy as roughly linear... fluctuating, but naturally returning ...


March 2, 2015, 6:18 pm, 1431993

Evening Must-Read: Richard Reeves: Wealth, Inequality, and the ‘Me? I’m Not Rich!’ Problem: "The real action is at the tip-top, or the tippetty-tip-top. Think not the 1% but the 0.1% or even 0.01%...

...The problem might be political rather than economic. The soar-away wealth of ...


March 2, 2015, 6:18 pm, 1431994

Evening Must-Read: Tim Duy: Game On: "Bottom Line: The Fed's confidence in the US economy is driving them closer to policy normalization...

...The labor market improvements are key - as long as unemployment is falling, confidence in the inflation outlook is rising. The more ...


March 2, 2015, 2:18 pm, 1431840
(Steven Hayward)

I’ve had on my spindle for a month now this article by the WaPo’s Chris Mooney (author of the egregious Republican War on Science) about how the climate change debate is . . . polarized! Apparently Mooney discovered that climate change alarmists and climate “skeptics” really don’t ...


March 2, 2015, 2:18 pm, 1431841
(Scott Johnson)

Prime Minister Netanyahu spoke this morning at the annual AIPAC policy conference in Washington. I have posted the video below (41 minutes). This speech is a warm-up to the main event tomorrow morning before a joint session of Congress. In this speech Netanyahu tactfully takes ...


March 2, 2015, 2:18 pm, 1431839
(John Hinderaker)

Michael Ramirez satirizes President Obama’s impending nuclear deal with Iran. Click to enlarge:

Actually, Ramirez gives Obama the benefit of the doubt by assuming that his facilitation of Iran’s nuclear program is inadvertent. It seems at least as likely ...


March 2, 2015, 2:18 pm, 1431838

My Lecture: The Economics of the U.S. Government Budget in the Very Long Run

It is time for me to reedit and revise this before I give it again. How should it change? What does it say that no ...