Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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February 19, 2017, 10:18 pm, 1721373

Must-Read: The incredibly sharp Kaushik Basu is another one who makes what I regard as a substantial mistake in diagnosing the economic ills of our age. The loss of security and place by those who in an earlier age would have been blue-collar workers settled in stable ...


February 19, 2017, 10:18 pm, 1721372

Must-Read: Dietrich Vollrath (2016): The Returns to Societal Capital: "Brad DeLong... points out that much of our prosperity comes from a stock of societal capital that we unknowingly rely on every day...

...Trust: I think this is much of what DeLong has ...


February 19, 2017, 10:18 pm, 1721371

Must-Read: Five things are going on with respect to America's blue-, pink-, and--increasingly--white lower-middle and middle-middle working classes. Three of them are real, and two of them are fake:

Technology: It has--worldwide--greatly amplified manufacturing labor productivity, accompanied by limited demand for manufactured goods: few of ...


February 19, 2017, 8:18 pm, 1721363

**Weekend Reading: Why couldn't any of the awful people whining and sniveling about Yale's renaming of Calhoun College read--or reprint--this?

Sidney Blumenthal John C. Calhoun: "On his deathbed, Andrew Jackson, reflecting on the ...


February 19, 2017, 4:18 pm, 1721346
(Steven Hayward)

As you may recall, I predicted here a couple weeks ago that Judge Neil Gorsuch’s Ph.D study with Oxford’s renowned John Finnis would arouse the left, and I was not disappointed! Enter The Guardian:

Oxford scholar who was mentor to Neil Gorsuch compared gay sex to ...


February 19, 2017, 4:18 pm, 1721345
(John Hinderaker)

Now that Donald Trump is president, our “fact checkers” have gone into overdrive. Every day, they crank out news stories purporting to correct Trump’s errors. More often than not, the “fact checkers” are merely relating the other side–the Democratic Party’s side–of the story.

This story by Politifact is ...


February 19, 2017, 4:18 pm, 1721344

Should-Read: Paul Krugman: Trump's Rosy Scenario: "The claimed returns to Trumpnomics are close to the highest growth rates we’ve seen under any modern administration...

...Real GDP grew 3.4 percent annually under Reagan; it grew 3.7 percent annually under Clinton (shhh — don’t ...


February 19, 2017, 4:18 pm, 1721342

Should-Read: Dietrich Vollrath (2015): What Assumptions Matter for Growth Theory?: "Somewhere along I-40 and I-81 I was able to get a little clarity...

...in this whole "price-taking" versus "market power" part of the debate. I'll circle back to the actual "mathiness" ...


February 19, 2017, 4:18 pm, 1721343

Should-Read: Michael Berube: Theory Tuesday III: "Sean [McCann]’s account of [how]...

...not literature, but Theory now is the special kind of expertise that challenges all other expertise, the unique kind of training that subverts all other discipline.

...


February 19, 2017, 12:18 pm, 1721325
(Scott Johnson)

In the introduction to Did You Ever See a Dream Walking?, the anthology of conservative thought he edited for publication in 1970, William F. Buckley memorably declared: “Blindfold me, spin me about like a top, and I will walk up to the single liberal in the room without ...


February 19, 2017, 12:18 pm, 1721324
(Scott Johnson)

Minnesota state Rep. Ilhan Omar is becoming a political celebrity. She’s a Somali refugee. She’s young. She’s attractive. She’s a Democrat. Did I forget to say she’s a Muslim? She’s a Muslim. She toes the Democratic Party line on every issue ...


February 19, 2017, 10:18 am, 1721309

Comment of the Day: Ronald Brak: Hindenberg Explosion: "And Trump has referenced a non-existent Swedish terrorist attack. I miss the good old days when we used to have to wait for a President to go senile."


February 19, 2017, 12:18 am, 1721249
(Paul Mirengoff)

President Trump sent his “A Team” to Europe to demonstrate America’s commitment to NATO. Homeland Security Secretary John Kelly, Defense Secretary Jim Mattis, and Vice President Mike Pense all traveled to a major conference in Munich for that purpose.

However, key European officials, along with honorary European John ...


February 18, 2017, 10:18 pm, 1721246
(Paul Mirengoff)

Jim Scanlan describes the compliance nightmare that looms for the Baltimore Police Department as a result of the consent decree the City reached with the Justice Department. The events that led to the decree are well known.

It stemmed from the death of Freddy ...


February 18, 2017, 8:18 pm, 1721244
(John Hinderaker)

John McCain suggests on Meet the Press that President Trump is “suppressing” the free press, which is “the first thing that dictators do.”

“If you want to preserve — I’m very serious now — if you want to preserve democracy as we know it, you have to have ...


February 18, 2017, 6:18 pm, 1721231
(Scott Johnson)

We have followed the various left-wing movers and shakers who have joined Power Line readers pulling mischievously for Minnesota Fifth District Rep. Keith Ellison to emerge victorious in his bid to chair the Democratic National Committee, most recently earlier this week in “Dems in 5 states are ...


February 18, 2017, 4:18 pm, 1721220

Over at Equitable Growth: Must- and Should-Reads:

Robert Waldmann: Marking My Beliefs To Market: UK Violent Crime: "The lead causes crime hypothesis... Wing Thye ...


February 18, 2017, 12:18 pm, 1721201
(John Hinderaker)

I have often wondered why the outrageous behavior that we see so often from Democrats doesn’t repel more voters. Now it seems that some, at least, are catching on, as voters have been trending Republican since the election.

Gallup’s party affiliation survey finds that on the eve of ...


February 18, 2017, 12:18 pm, 1721200
(Steven Hayward)

The Standing Rock/Dakota Access Pipeline protesters are becoming the Meryl Streep of leftist protests, winning multiple awards for Worst Performance in a So-Called Protest. We awarded them a coveted Power Line Green Weenie a couple weeks ago for leaving so much trash around that it had become ...


February 18, 2017, 10:18 am, 1721192
(Scott Johnson)

The great Harvey Klehr is best known as a groundbreaking historian of the Cold War, having authored or co-authored over a dozen books on the subject of American Communism. He was one of the first researchers to get into the Venona Papers after the fall of the Soviet ...


February 18, 2017, 10:18 am, 1721191
(Scott Johnson)

Long-time Power Line reader Howard Root abandoned his legal practice at Minneapolis’s Dorsey law firm and his work inside corporate legal departments to design highly useful medical products and found the successful medical device company Vascular Solutions. He has nevertheless chosen to take a hike. In ...


February 18, 2017, 10:18 am, 1721190

Should-Read: For a long time, there have been Texas journalists claiming that former Texas Governor and Trump's choice for Secretary of Energy Rick Perry is a competent, industrious, and good-intentioned man. Why, I have no idea:

Caitlin Macneal: Perry Didn't Fully Understand Role Of ...


February 18, 2017, 10:18 am, 1721189

Should-Read: Robert Waldmann: Buchanan, Smith, and Krugman: "There is no reason why macroeconomists can't work on empirical microeconomics while also using old Keynesian models for forecasting and policy advice...

...Now one might argue that it would be better not to give advice ...


February 18, 2017, 10:18 am, 1721188

Should-Read: James Kwak: Health Care and John D. Rockefeller’s Dog: "Few people actually want to live in a world where health care is distributed by a free market...

...Textbook markets allocate goods and services to the people who are willing to pay ...


February 18, 2017, 10:18 am, 1721187

Should-Read: Kevin Drum: Charts of the Day: If Only Every State Could Be As "Out of Control" As California: "I feel like someone ought to defend the honor of California against our president, so why not me? Here you go...


February 18, 2017, 10:18 am, 1721186

Should-Read: The centrist neoliberal project--use market means to achieve both social democratic ends and the rapid expansion of wealth--has crashed and burned. Now comes Ruy Texeira to lead the left that was kept off the plane and the center that has survived out of the mountains ...


February 18, 2017, 8:18 am, 1721168
(Steven Hayward)

The mainstream news media simply does not know what to do with a president who openly expresses what all presidents privately think, which is that the media is a contemptible bunch. But even worse: Trump won’t play by the media’s rules. He calls on non-certified media outlets, like ...


February 18, 2017, 2:18 am, 1721151
(John Hinderaker)

I have been reading for many years that the CIA is more formidable in Washington infighting than anywhere else. Is there a penalty for rarely seeing what is right around the corner? One might think that is the job of an intelligence agency, but somehow repeated failures have ...


February 18, 2017, 2:18 am, 1721150
(Paul Mirengoff)

The Trump administration has decided not to continue litigating over its executive order on travel. Instead it will issue a new order that addresses the main concerns expressed by the Ninth Circuit. What changes will this entail?

Jacob Sullum at Reason identifies the three changes he ...


February 18, 2017, 2:18 am, 1721149