Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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September 20, 2014, 4:18 pm, 1338512
(Steven Hayward)

Yes, I know, we really don’t need more evidence that Harry Reid gives a bad name to unprincipled opportunistic guttersnipes everywhere, but this one-minute video of Reid on immigration from the early 1990s, and more recently, gilds the point nicely:


(Hat tip: Glenn Reynolds.)

September 20, 2014, 4:18 pm, 1338511
If we don't confidently and boldly defend Western values in particular and Western civilization in general, Islam will have its way with us...
"Multiculturalists argue that different cultural values are morally equivalent. That's nonsense. Western culture and values are superior. For those who'd accuse me of ...

September 20, 2014, 4:18 pm, 1338510

Damnest thing that Americans are not more incensed about the IRS and it's flagrant abuse of power. Stranger still how the Republican party has done almost nil to ...

September 20, 2014, 2:18 pm, 1338492
(Steven Hayward)

It is not often that you see someone of Steven Koonin’s prominence publicly immolate his future in Democratic Party politics and perhaps in the senior reaches of academia at the same time. But that’s what Koonin does today with his Wall Street Journal feature “Climate Science Is ...

September 20, 2014, 2:18 pm, 1338491
(John Hinderaker)

President Obama has announced another of his useless initiatives, the only purpose of which is to distract attention from the comprehensive failures of his administration. This one is intended to reduce sexual assault on college campuses. It is claimed that one in five women on college campuses is ...

September 20, 2014, 10:18 am, 1338423
(Scott Johnson)

The race for the Kansas Senate seat held by Republican incumbent Pat Roberts has been essentially a three-way affair among Roberts, Democrat Chad Taylor and Independent (Democrat) Greg Orman. When Taylor purported to withdraw as the Democratic nominee earlier this month, he did so in a terse ...

September 20, 2014, 10:18 am, 1338422
(Steven Hayward)

Every once and a while when the planets come into alignment, comet watchers and other New Age gnostics will declare that it means something.  Right now the panic over the NFL, panic over the Democratic Party’s prospects at the polls in November, panic over the Clintons gearing up ...

September 20, 2014, 8:18 am, 1338392
(Scott Johnson)

We have sporadically followed the long, sad saga of the proposed Eisenhower Memorial. The Eisenhower Memorial Commission has now survived 15 years. We have no Eisenhower Memorial, but the commission has a plan (a bad one) and a promotional website. For good and sufficient ...

September 20, 2014, 8:18 am, 1338391

By now it should be clear that the monetary experiment currently being carried out in Japan (known as “Abenomics”) is fundamentally different from the kind of quantitative easing which was implemented in the United States and the United Kingdom during the global financial crisis. In the US and the ...

September 20, 2014, 2:18 am, 1338356
What you are not being told about growing old. It's not pretty...

September 20, 2014, 12:18 am, 1338331
(Paul Mirengoff)

This week, the Senate voted 78-22 in favor of arming and training Syrian rebels to fight ISIS. Noah Rothman points out that four possible 2016 presidential contenders were among the “no” votes. They are Democrats Elizabeth Warren and Kristen Gillibrand and Republicans Rand Paul ...

September 20, 2014, 12:18 am, 1338330
(Paul Mirengoff)

Angelo Codevilla has written a piece called “Washington’s Ruling Class Is Fooling Itself About The Islamic State.” Codevilla points to some of the fallacies inherent in President Obama’s approach to dealing with ISIS.

I’d like the article more if Codevilla didn’t use the term “ruling class” ...

September 20, 2014, 12:18 am, 1338328
You've heard the Democrats relentlessly attack the Koch brothers because of their political views and, on many occasions, because of their wealth and how they can influence political outcomes becase off their money haven't you? Well, Meet the super rich these same Democrats just love...

"Behind ...

September 20, 2014, 12:18 am, 1338329
This is what happens when the man we put in office doesn't act on the basis of well thought out and deep seated principles but rather a fickled man who cares more about image and political opportunism. Obama is such a man...

"President Obama’s speech last ...

September 19, 2014, 10:18 pm, 1338320
(Paul Mirengoff)

John Kerry has assembled a three-person team to lead the State Department’s efforts against ISIS. Two of the members — Gen. John Allen and Brett McGurk — seem unobjectionable. The third, Anne Patterson, is another matter.

In announcing her central role, Kerry praised Patterson as “one of ...

September 19, 2014, 10:18 pm, 1338321
(John Hinderaker)

If you thought Joe Biden couldn’t top his “Shylock” performance, you were wrong. Speaking to none other than a Democratic women’s conference, Biden reminisced fondly about the good old days in the Senate, when he got to work with great guys like Bob Packwood. Yes, that Bob ...

September 19, 2014, 10:18 pm, 1338319
The hypocrisy is almost humorous. Progressives never tire of bemoaning income inequality. Yet, the policies they champion are directly responsible for much of the income inequality in the United States. This hypocrisy is deepened by the fact that they love to live in cities with the greatest income ...

September 19, 2014, 8:18 pm, 1338297
(Steven Hayward)

At the very end of Matt Bai’s New York Times Magazine feature about Gary Hart that could be titled “Hart-less: The Original Bimbo Eruption,” there’s a short passage that puts on full display the irrepressible presumption of liberalism—or perhaps it’s another example of Bush Derangement Syndrome. Here’s ...

September 19, 2014, 8:18 pm, 1338294

You can't make this up. Crazy Biden goes before a woman's group and this is what he does....

"According to attendees, Biden singled out former Sen. Bob Packwood of Oregon as the sort of Republican who used to be reasonable on issues like expanding voter access. Packwood was ...

September 19, 2014, 8:18 pm, 1338296

James Clapper below describes what we got wrong with ISIS and how this is a mistake we make over and over again. I think I know why. A dismissive ...

September 19, 2014, 8:18 pm, 1338295

Could it be Scotland 's vote for independence was rigged?

September 19, 2014, 6:18 pm, 1338241
(John Hinderaker)

In Mick Jagger’s immortal words, they don’t embarrass easy. Last night the Democrats were begging me for money. First from Nancy Pelosi:

From: Nancy Pelosi [mailto:dccc@dccc.org]
Sent: Thursday, September 18, 2014 6:27 PM
To: Hinderaker, John H.
Subject: John, I’m pleading

Today, you should have received an email from:

– The ...

September 19, 2014, 6:18 pm, 1338240

Something has to give...
"Some 23.9 percent of Americans polled from Aug. 23 through Sept. 16 said they strongly supported or tended to support the idea ...

September 19, 2014, 2:18 pm, 1338082
(Steven Hayward)

Lots and lots of climate news right now, ahead of next week’s UN “Leaders Climate Summit” that no world leaders are attending, but there’s one story out the last few days that deserves special notice: did you know that $700,000 of your tax dollars went to

September 19, 2014, 2:18 pm, 1338081
(Steven Hayward)

Oh yeah, you knew this was coming: our hero Remy Munasifi and our pals at Reason.TV out this morning with a 90 second video that combines mockery of Obama’s unserious ISIS “strategy” and the NFL’s timorousness.  Enjoy:


September 19, 2014, 2:18 pm, 1338080
The Guy Who Bought The First iPhone 6 Immediately Dropped It On Concrete. Life is cruel. ..

September 19, 2014, 2:18 pm, 1338079

September 19, 2014, 2:18 pm, 1338078

September 19, 2014, 12:18 pm, 1338004
(Steven Hayward)

Did you hear on the national network news broadcasts that the U.S. Justice Department investigation into the New Jersey bridge closures has found no evidence of Gov. Chris Christie’s prior knowledge or involvement?  Or maybe you heard it on the 15-part series about the scandal—the biggest since ...

September 19, 2014, 12:18 pm, 1338003

Len Moss as reported by his son: 18 September 1944: Second parachute drop into Arnhem meets deadly reception:

Somehow, he managed to untangle the lines and get the parachute canopy deployed, just in time, but…

…he landed very ...

September 19, 2014, 12:18 pm, 1338002

New Economist writes:

New Economist: Has Barro solved the equity premium puzzle? : A new paper by Robert Barro to this year's Minnesota Workshop in Macroeconomic Theory attempts to answer the puzzle: Rare Events and the Equity Premium (PDF). Barro's paper builds upon a 1988 JME ...

September 19, 2014, 12:18 pm, 1338001

James Sims: 19 September 1944: Arnhem becomes a desperate battle for survival:

After the failure of the ‘Grand Prix’ attack the Germans withdrew a short distance and began to mortar and shell our positions systematically for the first time. The very air ...

September 19, 2014, 10:18 am, 1337921
(Steven Hayward)

A third installment of my conversation with CRB editor Charles Kesler about Ronaldus Magnus on the Claremont Institute’s “American Mind” is now up, just 6:30 long–perfect for a cup of espresso.  This time we look back on supply-side economics and spending controversies.  (Stand by, incidentally, for several Reagan-related ...

September 19, 2014, 10:18 am, 1337920

Over at Equitable Growth: Let's look at the five-year and ten-year U.S. break-even inflation rates--the inflation rates at which an investment in U.S. Treasury bonds held to maturity produces exactly the same return as an investment in U.S. Treasury inflation-protected securities of the same maturity:

September 19, 2014, 8:18 am, 1337843
(Scott Johnson)

William Henck has worked inside the IRS Office of the Chief Counsel as an attorney for over 26 years. We posted his personal account, including his testimony to a retaliatory audit conducted by the IRS against him, this past February in “Inside the IRS.” We ...

September 19, 2014, 8:18 am, 1337842
(Scott Johnson)

The Telegraph reports that six Iranian singers who were arrested for appearing in a viral video dancing to the Pharrell Williams song “Happy” have been sentenced to six months in prison and 91 lashes. The video appears to have received well over a million views at ...

September 19, 2014, 6:18 am, 1337777
(Scott Johnson)

Our friend Ammo Grrrll reflects on SCHADENFREUDE. She writes:

Many years ago, when I still had to navigate the Minnesota highways in winter, I had one of those experiences that fall under the category of Schadenfreude. That is, of course, a fancy word for taking unseemly pleasure when ...

September 19, 2014, 6:18 am, 1337776

Is something in the air? Do I detect a change in consensus on the way things are going in Japan? Certainly a slew of articles have been published in the financial press over the last month questioning where the Abenomics experiment is headed for. The general conclusion seems to be ...

September 19, 2014, 2:18 am, 1337689
(Paul Mirengoff)

The Scots have voted not to become independent from Great Britain. I haven’t seen a final count, but it looks the “no” tally will slightly exceed 55 percent.

That’s not as close as some expected, but probably close enough to induce more ...

September 19, 2014, 12:18 am, 1337660
(Paul Mirengoff)

It’s become so obvious that the Washington Post feels compelled to report it — “Rift widens between Obama, U.S. military over strategy to fight Islamic State,” says the Post headline. The main rift is over President Obama’s insistence that he will not use ground troops ...

September 19, 2014, 12:18 am, 1337659

Want to see what a buble looks like? Take a look at how the cheap money made possible by quantitative easing (the Federal Reserve flushing banks with cash) has led to an explosion in the construction of apartments. When the buble bursts, these will go very cheap. It's a ...