Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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September 29, 2016, 8:18 pm, 1679709
(Paul Mirengoff)

Arcen Cetin, the Turkish immigrant accused of murdering five strangers at a mall in Washington state, voted in the last three election cycles even though he isn’t a U.S. citizen. So reports KING 5, a Seattle television station.

Cetin, who is 20 years old, registered to ...


September 29, 2016, 8:18 pm, 1679710
(John Hinderaker)

Keeping Americans safe is the president’s foremost responsibility. How has Barack Obama done in that regard? You could say that he has failed, but it would be more accurate to say he hasn’t tried. Michael Ramirez sums it up nicely. Click to enlarge:


September 29, 2016, 4:18 pm, 1679665
(Paul Mirengoff)

Scott Garrett doesn’t fit the usual profile for a Power Line pick. Usually, we pick up-and-coming candidates like Tom Cotton, Mia Love, Joni Ernst, and Alex Mooney.

Garrett has represented New Jersey’s fifth congressional district since 2003. However, he’s locked in a difficult race this year. ...


September 29, 2016, 4:18 pm, 1679663

Live from the Journamalists' Self-Made Gehenna: So deep in the tank that they do not remember that they are supposed to not be in the tank. I don't think that "generally-reputable" means what you think it means:

Josh Kraushaar: @HotLineJosh:


September 29, 2016, 4:18 pm, 1679664

Must-Read: Economic anxiety!

John Judis: Deep Stories:

[Arlie Russell] Hochschild traces the origins of the deep story to two specific historical moments that she believes left many white Americans in the South in a state of mourning...


September 29, 2016, 4:18 pm, 1679662

Live from the Court of Charles II Stuart: Sarah Jennings[?] on Louise de Kérouaille:

The king made her the Duchess of Portsmouth, and for this she was called 'Fireship' by Nelly Gwynn and others, I believe unjustly, for her children were healthy enough...


September 29, 2016, 4:18 pm, 1679659

Must-Read: Mike Konczal: The "new liberal economics" is the key to understanding Hillary Clinton's policies:

We’re witnessing the emergence of an important new vision...

...Before the crash, complacent Democrats, whatever their disagreements with their Republican peers, tended to ...


September 29, 2016, 4:18 pm, 1679660

Comment of the Day: Robert Waldmann: Physical Chemistry:

Mass shouldn't affect boiling points...

What matters for a molecule in a liquid yearning to be breathable and free is momentum not velocity. The puzzle is why at STP is ...


September 29, 2016, 4:18 pm, 1679661

Live from the Journamalists' Self-Made Gehenna: Storify: Jack Shafer Has Little If Any Clue What an "Open Inquiry" Is: But what do you expect from someone who brought us Stephen Landsburg?

[View the story "Jack Shafer ...


September 29, 2016, 12:18 pm, 1679571
(Scott Johnson)

Nebraska attorney Dave Begley returned to his stomping grounds in Council Bluffs to file another of his reports on the appearances of the presidential candidates. Here he gives us Trump on the stump yesterday (full event video below). Dave writes:

The freewheelin’ Donald Trump is a thing ...


September 29, 2016, 12:18 pm, 1679570
(Scott Johnson)

When FBI Director James Comey appeared before the House Judiciary Committee yesterday, the GOP members grilled him about his handling and disposition of the Clinton email investigation. As former prosecutors, several members drew on their experience working with the FBI to point out the apparent anomalies that ...


September 29, 2016, 12:18 pm, 1679569
(Scott Johnson)

Secretary of State John Kerry has threatened to stop talking with the Russians if they and their Syrian ally don’t quit bombing Aleppo. So New York Times reporter Michael Gordon lets on at the top of his story “Syria talks will end if Aleppo bombing continues, ...


September 29, 2016, 12:18 pm, 1679567

Must-Read: John Maynard Keynes (1937): The General Theory of Employment:

Now a practical theory of the future based on these three principles has certain marked characteristics...

...In particular, being based on so flimsy a foundation, It is subject ...


September 29, 2016, 12:18 pm, 1679566

Must-Read: Is there anybody who can teach all of Hyman Minsky while standing on one foot? Yes: one person can:

John Maynard Keynes (1936): The General Theory of Employment, Interest and Money, Chapter 12:

So far we have had chiefly ...


September 29, 2016, 12:18 pm, 1679568

Must-Read: David Glasner is a Clower/Leijonhufvud student. Listen to him. Mind you, I am not sure that the Clower/Leijonhufvud point-of-view is the best first approximation. But the argument made against it is never that it is a wrong approach, but always that it is difficult to do ...


September 29, 2016, 12:18 pm, 1679564

John Maynard Keynes (1937): The General Theory of Employment:

I: I am much indebted to the Editors of the Quarterly Journal for the four contributions relating ...


September 29, 2016, 12:18 pm, 1679565

Must-Read: Simon Wren-Lewis: A General Theory of Austerity, Cynicism and Opportunism:

Was austerity an unfortunate accident?...

...For the major economies including the Eurozone as a whole, austerity could have been avoided completely by delaying fiscal consolidation ...


September 29, 2016, 10:18 am, 1679521

Must-Read: John Maynard Keynes (1936): The General Theory of Employment, Interest and Money, Chapter 13:

The three divisions of liquidity-preference....

the transactions-motive, i.e. the need of cash for the current transaction of personal and ...


September 29, 2016, 12:18 am, 1679409
(Scott Johnson)

FBI Director James Comey appeared on Capitol Hill for an oversight hearing held by the House Judiciary Committee today. GOP members focused their questions primarily on the FBI’s handling of the Hillary Clinton email investigation and Comey’s ultimate decision not to recommend charges against the former secretary of ...


September 29, 2016, 12:18 am, 1679408
(John Hinderaker)

We have chronicled the agonizing decline of Venezuela into socialist decay over the last couple of years. As poverty has deepened, Western news agencies have taken notice of Venezuela’s symptoms, if not, usually, the cause of that country’s disease. CNN Money reports on middle-class Venezuelans who come ...


September 29, 2016, 12:18 am, 1679406
(Paul Mirengoff)

Last week, I asked whether Republican leaders will rubber stamp President Obama’s internet giveaway. My fear was that they would end up backing a continuing resolution that does not include language blocking the transition away from U.S. oversight of the Internet’s domain name system. ...


September 29, 2016, 12:18 am, 1679407
(John Hinderaker)

A funny thing has happened as we approach Election Day: the issues have more or less disappeared; or, at least, the press has stopped talking about them.

Donald Trump raced to the front of the GOP pack by focusing on illegal immigration. For months, liberals inside and outside of ...


September 28, 2016, 4:18 pm, 1679334

Todd Braisted: Massacre Averted: How two British Soldiers saved 350 American Lives:

An officer in Lord Cornwallis’ column wrote that “The 71st Regt. & Simcoe’s Corps cross’d the north river last night and appear’d at Tapawn soon after we arrived there ...


September 28, 2016, 4:18 pm, 1679333

September 28, 2016, 2:18 pm, 1679288

By-Laws Rules and Regulations of the International Monetary Fund:

A--SCOPE OF RULES AND REGULATIONS

A-1.These Rules and Regulations supplement the Articles of Agreement and the By-Laws adopted by the Board of Governors. They are not intended to replace any ...


September 28, 2016, 2:18 pm, 1679289

Live from the Journamalists' Self-Made Gehnna: Paul Campos**: Take the skinheads bowling:

Presidential candidate debates are kind of ridiculous under normal circumstances...

...but under these circumstances you can change “kind of ridiculous” to “surreal beyond the literary ...


September 28, 2016, 2:18 pm, 1679287

Eleanor Roosevelt: My Day:

HYDE PARK, Wednesday—The very brief excerpts given in the newspapers from the recent speech delivered by Anthony Eden certainly made me wish I could read it as a whole.

The suggestion that all of ...


September 28, 2016, 2:18 pm, 1679286

Wikipedia: Baylor Massacre:

On September 22, 1778, Lt. Gen. Sir Henry Clinton ordered Maj. Gen. Sir Charles Grey, Maj. Gen. Lord Cornwallis, and Brigadier General Edward Mathew to mobilize troops in an effort to provoke Gen. George Washington into a battle...


September 28, 2016, 12:18 pm, 1679244
(Scott Johnson)

Shimon Peres died this morning in Israel at the age of 93. Marilyn Berger writes his obituary for the New York Times. Tom Gross corrects the Times obituary here. Berger’s obituary is posted with a video on Peres’s life and career with commentary ...


September 28, 2016, 12:18 pm, 1679242
(Paul Mirengoff)

Newly released figures show that murders increased by 11 percent in the U.S. in 2015. 1,532 more people were murdered last year than the year before. The murder rate (murders per 100,000 population) rose by 10 percent.

According to Kent Scheidegger ...


September 28, 2016, 12:18 pm, 1679243
(Scott Johnson)

Late this past Friday afternoon the FBI conducted its second document dump in the Clinton email case. To those paying attention it has become clear that the case has compromised the FBI and destroyed the reputation of FBI Director of James Comey. These Friday afternoon document ...


September 28, 2016, 12:18 pm, 1679241

Must-Read: I have long thought that the right way to think about consumption vs. income taxes is that a consumption tax is like a labor income tax plus a one-time credibly-unrepeated initial capital levy. Since it taxes something in completely inelastic supply--the initial capital stock--that escapes income ...


September 28, 2016, 10:18 am, 1679198

James Fallows: Trump Time Capsule #108: Bush, Fahrenthold, Kagan:

A four-month-old article... by Robert Kagan... [with whom] I disagree... on just about everything...

But in the months since he originally published his essay, called “This Is How ...


September 28, 2016, 10:18 am, 1679197

Must-Read:: Scott Sumner is surprised at how unprofessional Peter Navarro of U.C. Irvine is. So am I. I had always thought of him as interesting but flaky--but here it looks as though he does not even know that he has homework to do:

Scott Sumner:


September 28, 2016, 4:18 am, 1679124
(Paul Mirengoff)

I still don’t know for sure whether, as police say, Keith Lamont Scott was brandishing a weapon when he was shot or, as his wife says, he was unarmed. But the more we learn about Mr. Scott, the more clear it becomes that this was a violent ...


September 28, 2016, 12:18 am, 1679092
(John Hinderaker)

Barack Obama has always regretted, I think, that he doesn’t have a country that is worthy of him. From his earliest days in office, he has eagerly chronicled our faults, real and fabricated, while in the halls of our enemies. This has not endeared him to me, or ...


September 28, 2016, 12:18 am, 1679091
(Paul Mirengoff)

In a CNN poll of debate-watchers, 62 percent thought Clinton won the debate compared to 27 percent for Trump — a 35-point margin. According to Nate Silver, that’s the third-widest margin ever in a CNN or Gallup post-debate poll, which date back to 1984. ...


September 28, 2016, 12:18 am, 1679090
(John Hinderaker)

Democrats are euphoric about Hillary Clinton’s performance last night, and probably even more so over Donald Trump’s performance. For the reasons I have said in other posts, their celebrations might be premature. But the point of this post is to note how the press is doing its best ...


September 28, 2016, 12:18 am, 1679089
(Steven Hayward)

And if so, when will you stop?

That’s the question that might well come to mind when taking in the results of a recent World Values Survey on the question of whether wife-beating is ever justified. Let’s go to the tape:


September 28, 2016, 12:18 am, 1679088
(Paul Mirengoff)

Donald Trump can’t blame his poor debate performance on Lester Holt. Nor would it be wise for him to try. Biased moderators usually win twice when the victim whines. That’s why Kellyanne Conway shrewdly praised Holt’s performance after the debate.

But Holt’s performance was not praiseworthy. ...