Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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June 28, 2016, 8:18 pm, 1649322

Live from the Right-Wing's Self-Made Gehenna: WTF!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?

Martin Feldstein**: How EU Overreach Pushed Britain Out: "Although many officials and experts predict that Brexit will have dire economic consequences...

...this certainly is not inevitable. Much now depends on the terms of the ...


June 28, 2016, 8:18 pm, 1649323

Must-Read: If you have not been reading Dietrich Vollrath's weblog on economic growth, you should. He has been teaching the world a masterclass in understanding the patterns and determinants of economies' long-run growth trajectories:


June 28, 2016, 6:18 pm, 1649303
(Steven Hayward)

There’s just so much good material on Brexit piling up that it can’t wait for Saturday. So here’s “Brexit Week in Pictures.” Enjoy!


June 28, 2016, 6:18 pm, 1649301

Live from the Twitterverse: Henceforth, at least two-thirds of my @-tweets will be "thx..." or "touché..." or ":-)"

That is all...


June 28, 2016, 6:18 pm, 1649302

June 28, 2016, 2:18 pm, 1649221
(Scott Johnson)

The Islamic Republic of Iran has taken its $100 billion non-signing bonus on the Iran deal. With the cash in hand, it will ramp up its nuclear program and fund terrorism without financial constraints. The murderous terorist group Hezbollah is a chief beneficiary of Iran’s largesse. ...


June 28, 2016, 2:18 pm, 1649220
(Scott Johnson)

The Democrats’ mania for the restriction of Second Amendment rights followed the Orlando massacre committed by a maniacal Muslim devotee of ISIS. The Democrats urgently advocated gun control legislation that would limit the rights of suspected terrorists listed on secret government databases that include more than ...


June 28, 2016, 2:18 pm, 1649217
(Steven Hayward)

You may have missed the story yesterday of the arrest over the weekend of civil rights bit player Walter Fauntroy, who returned over the weekend from what the ...


June 28, 2016, 2:18 pm, 1649219
(Steven Hayward)

It has been great fun watching Nigel Farage flay the European Parliament these last few years usually to looks of derision, and here he is today taking we well-earned victory lap in front of his future former colleagues, who are not amused—so much so that the speaker of ...


June 28, 2016, 2:18 pm, 1649218
(Paul Mirengoff)

The House Select Committee on Benghazi has issued its report. The 800-page document is the result of an investigation that, according to the committee, encompassed 81 new witnesses and 75,000 pages of new documents.

The report covers every aspect of the Benghazi scandal — the ...


June 28, 2016, 2:18 pm, 1649216

Live from Westeros: Fire and Lunch: #piecast


June 28, 2016, 2:18 pm, 1649215

June 28, 2016, 12:18 pm, 1649175

Must-Read: As I periodically say, there are two rules that would have made me much smarter had I adopted them back in, say, 1996:

Paul Krugman is right. If you think Paul Krugman is wrong, consult rule #1.

May I have unanimous consent on the proposition ...


June 28, 2016, 12:18 pm, 1649174

Must-Read: How poor were the bulk of our post-Neolithic pre-Commercial Revolution Agrarian-Age ancestors, anyway?

Jared Diamond: Agriculture: The Worst Mistake in the History of the Human Race: "One straight forward example of what paleopathologists have learned from skeletons...

...concerns historical ...


June 28, 2016, 12:18 pm, 1649173

George Orwell: Wells, Hitler and the World State: Paul Krugman sends us to George Orwell writing in the summer of 1941:

Wells, Hitler and the World State: All sensible men for decades past have been substantially in agreement with what Mr. Wells says; ...


June 28, 2016, 12:18 pm, 1649172

Four readings on the expansionary austerity zombie:

Reading #1: Paul Krugman (2015):

Paul Krugman: Views Differ on Shape of Macroeconomics (2015): "The doctrine of expansionary austerity...

...the claim that slashing spending would actually boost demand and ...


June 28, 2016, 12:18 pm, 1649170

Live from Berlin: Alan Beattie: Merkel, the Great Procrastinator, Could Be Britain’s Saviour: "When a situation calls for constructive delay and calculated dithering...

...she is a world beater. Germans have invented a verb, merkeln, meaning to postpone decisions indefinitely. While ...


June 28, 2016, 12:18 pm, 1649171

Over at Project Syndicate: Which Thinkers Will Define Our Future?: BERKELEY – Several years ago, it occurred to me that social scientists today are all standing on the shoulders of giants like Niccolo Machiavelli, John ...


June 28, 2016, 10:18 am, 1649129

Must-Read: That the Brexit crisis would happen was unforeseeable. That the odds were strongly that some negative shock would hit the global economy was very foreseeable indeed. And yet the Fed since 2014 has been actively making sure that it is unprepared.


June 28, 2016, 2:18 am, 1649012
(John Hinderaker)

Omar Mateen was a registered Democrat and a vicious hater of America. Despite those facts, I don’t think the Democratic Party bears primary responsibility for Mateen’s murder of 49 Americans in Orlando. Granted, that is a nuanced view. It would be easy to blame the Democratic Party for ...


June 28, 2016, 2:18 am, 1649013
(John Hinderaker)

al Qaeda publishes an English language magazine called “Inspire.” In the current issue, al Qaeda addresses Omar Mateen’s Orlando murders and offers advice to jihadists, as Foreign Desk News reports:

While Mateen chose to target what the guide refers to as a “homosexual nightclub,” noting that killing gay ...


June 28, 2016, 2:18 am, 1649011
(Paul Mirengoff)

In its final decision of the term, the Supreme Court today unanimously overturned the public corruption conviction of former Virginia governor Robert McDonnell. The court stated that it has no opinion as to whether McDonnell should be retried under the stricter standard (described below) it ...


June 28, 2016, 2:18 am, 1649010
(Paul Mirengoff)

Earlier this month, an Iranian official stated that his country had reached a deal to buy planes from Boeing — the first deal of its kind between Iran and a U.S. company since sanctions were lifted pursuant to the Iran nuclear deal. The deal reportedly ...


June 27, 2016, 10:18 pm, 1648989
(Steven Hayward)

If you want to understand why Brexit passed and why more revolts from us peasants are likely ahead, take in this story from The Telegraph today:

EU to launch kettle and toaster crackdown after Brexit vote

The EU is poised to ban high-powered appliances such as kettles, toasters, ...


June 27, 2016, 10:18 pm, 1648987
(Steven Hayward)

Just when you thought the Star Wars prequels couldn’t get any worse. You knew something like this was out there (“out there” in both senses of the term) in the journal Communication, Culture, and Critique:

Darth Vader Made Me Do It! Anakin Skywalker’s Avoidance of Responsibility and the ...


June 27, 2016, 10:18 pm, 1648988
(John Hinderaker)

Scuttlebutt these days points toward Hillary Clinton selecting Elizabeth Warren as her running mate. Not long ago, Warren was rather bitterly critical of Hillary, but all is now forgiven–the scourge of Wall Street and the candidate of Wall Street have come to a meeting of the minds. Today ...


June 27, 2016, 6:18 pm, 1648956
(Steven Hayward)

On Friday morning I happened to have breakfast in the Bay Area with a center-left writer of some prominence who was once a conservative, who, surveying the wreckage of the Brexit vote alongside the decay of liberalism under Hillary and Bernie, sighed that “I’ll probably end up a ...


June 27, 2016, 6:18 pm, 1648955

A high-quality DeLong smackdown! Keep 'em coming, please...

Olivier Blanchard: How the Eurozone Can Be Strengthened After Brexit: "Brexit raises fundamental questions.... Meanwhile, Europe must continue to function...


June 27, 2016, 6:18 pm, 1648954

Must-Read: Ummm... But aren't the objections to expansionary fiscal policy today all that they involve governments taking on interest rate risk--that that is not a risk governments today ought to bear? And so isn't the fact that helicopter money extinguishes that risk and is a more stable ...


June 27, 2016, 4:18 pm, 1648906

Live from the Republican Party's Self-Made Gehenna: Storify: On the Meaning of Donald Trump's Popularity in What the Atlantic Falsely Claims is the "Real America".: "The Very Sharp Chris Arnade Rants...:

[View the story "On ...


June 27, 2016, 4:18 pm, 1648905

Live from the British conservative self-made from the British Conservatives' Self-Made Gehenna: I must say, were I mayor of Hamburg today, I would generate some good press by offering reciprocal citizenship of Hamburg to inhabitants of London by virtue of Hanseatic League connections...


June 27, 2016, 2:18 pm, 1648863
(Scott Johnson)

If you’re trying to understand the madness that has overtaken university campuses, Yale presents an important case study. My daughter Eliana takes a look at Yale’s ordeal in the current NR article “This is not a debate.” It’s a reported piece that seems to me ...


June 27, 2016, 2:18 pm, 1648862
(Steven Hayward)

• Those madcap travel agents at The Nation have another excursion for you if you’re not interested in seeing the Soviet Union Russia with their unique perspective. This time The Nation wants to take you to Cuba, where “We will spend our days meeting with ...


June 27, 2016, 2:18 pm, 1648861
(John Hinderaker)

We have written several times about efforts by Democratic Attorneys General and others to make it a criminal offense to point out deficiencies and errors in the Left’s catastrophic anthropogenic global warming theory. Criminalizing one side of a political debate is, as far as I know, unprecedented in ...


June 27, 2016, 2:18 pm, 1648860

Live from WTF?!?!: James Fallows is very good. But. Um. No. #NotEverySinglePerson:

Nancy LeTourneau: The Other Story About White America and Immigrants: "Fallows is reporting from western Kansas... ...


June 27, 2016, 2:18 pm, 1648859

Must-Read: David Beckworth: 10 Yr @ 1.46%:

10 year yield at 1.46%.
2% seems so quaint now. pic.twitter.com/Q4FixplNFm

— David Beckworth (@DavidBeckworth) June 27, 2016


June 27, 2016, 2:18 pm, 1648858

Live from the Ottoman Empire: With British Conservatives--as with others I could name--it is boob bait for the bubbas all the way down...

Storify: The Strange, Sad Story of Ali Kemal, His Great-Grandson Boris, and the Romany Fortune Teller...


June 27, 2016, 10:18 am, 1648785

Must-Read: Danny Yagan: Enduring Employment Losses from the Great Recession?: Longitudinal Worker-Level Evidence: "The severity of the Great Recession varied across U.S. local areas...

...Comparing two million workers within firms across space, I find that starting the recession in a below-median ...


June 27, 2016, 10:18 am, 1648782

Must-Read: Cardiff Garcia: Alphachat: Alan Taylor on financialisation, business cycles, and crises: "With collaborators Oscar Jorda and Moritz Schularick, the authors summarise their decades-long work on financialisation, which we discussed with Alan...

...From the paper:

...


June 27, 2016, 10:18 am, 1648784

Must-Read: Laura Tyson and Eric Labaye: Jumpstarting Europe’s Economy: "Not so long ago... ‘helicopter money’... seemed outlandish...

...But today a surprising number of mainstream economists and centrist politicians are endorsing the idea of monetary financing of stimulus measures in different forms.... ...


June 27, 2016, 10:18 am, 1648783

Comment of the DayHoward: When Did the Game Change?: "The game changed when the parties became ideologically sorted...

...and unfortunately, ideologically sorted parties work better in a parliamentary system, not in a system where the executive and legislative branches are separate. ...


June 27, 2016, 10:18 am, 1648781

Live from the Republicans' Self-Made Gehenna: Karma as a real, tangible force rather than just a wish and a hope!

The Republicans have in Trump what they deserve--and now they are going to try their damnedest to force him on the rest of us, who in ...


June 27, 2016, 10:18 am, 1648778

Most-Recent Must-Reads:

Cardiff Garcia: Alphachat: Alan Taylor on financialisation, business cycles, and crises Laura Tyson and Eric Labaye: Jumpstarting Europe’s Economy

Most-Recent Links:

Francis Fukuyama: American Political Decay or Renewal?: "The American ...


June 27, 2016, 10:18 am, 1648779

Live from the British Conservatives' Self-Made Gehenna: Can this be true? WTF!?!?!?

Wikipedia: Ali Kemal: "Ali Kemal Bey (1867 – 6 November 1922)...

...was a liberal Ottoman journalist, newspaper editor, and poet who was for some three months Minister of ...


June 27, 2016, 10:18 am, 1648780

June 27, 2016, 2:18 am, 1648680
(John Hinderaker)

Yesterday afternoon, Muslim terrorists associated with al-Shabaab attacked a hotel in Mogadishu, Somalia, killing at least 35:

The assault, the latest in a series by the Islamist group targeting ­hotels and restaurants, began when a suicide bomber detonated a car laden with explosives outside the building.


June 27, 2016, 2:18 am, 1648679
(Paul Mirengoff)

Eugene Volokh reports on an alarming statement issued by Wendy J. Olson in her capacity as U.S. Attorney for the District of Idaho. Olson stated that “the spread of false information or inflammatory or threatening statements about the perpetrators” of a particular crime or the ...


June 27, 2016, 12:18 am, 1648672

Live from the British Conservatives' Self-Made Gehenna: The Full English Brexit:

George Soros: Brexit: "All of us who believe in the values and principles that the EU was designed to uphold must band together to save it by thoroughly reconstructing it. I ...