Politics Roundtable

Technical Problems 3/9/15

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Politics Roundtable

Political blogs of interest to economists.

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April 28, 2015, 2:18 pm, 1463287
(Paul Mirengoff)

As I begin typing this, the Supreme Court is in the middle of oral argument in Obergefell v. Hodges, the gay marriage case. You can follow the progress of the argument at Scotusblog.

Personally, I am not opposed to changing the definition of marriage to encompass ...


April 28, 2015, 2:18 pm, 1463288
(Scott Johnson)

Omri Ceren provides this email update on today’s developments in the Persian Gulf, reported in this brief Reuters story:

It’s been a busy two hours, but some clarity is starting to emerge about the Iranian seizure of a cargo vessel in the Strait of Hormuz. The vessel is ...


April 28, 2015, 12:18 pm, 1463202

Live from the Beverly Hills Hilton: On my flight to LAX I watched the intro episode of “Star Trek: Enterprise”. First time watching the show.

Does it ever get better? Or do we deal with it in the same way we deal with the Star Wars prequels — i.e., ...


April 28, 2015, 12:18 pm, 1463201

April 28, 2015, 10:18 am, 1463123
(Scott Johnson)

On Saturday night Baltimore Mayor Stephanie Rawlings-Blake explained her measured approach to the incipient destruction taking place on the streets of the city (video below). She “made it very clear that I work with the police and instructed them to do everything that they could to ...


April 28, 2015, 10:18 am, 1463122
(Scott Johnson)

Yesterday’s Star Tribune featured Paul McEnroe’s page-one story “Minneapolis nonprofit tests program to pull teens from terror’s grasp.” Taking off on the arrest of the Minneapolis based Somali six who sought to depart these parts to join ISIS, the article focuses on an experimental program implemented ...


April 28, 2015, 8:18 am, 1463055

Econ 2: Spring 2014: UC Berkeley: Sample Final Exam I: D. Externalities:

Externalities can be subtle…

Let us move across the bay and 60 miles south from Avicenna to the town of Tall Stick, home of Crony ...


April 28, 2015, 8:18 am, 1463056

Jon E. Lewis (ed): The Mammoth Book of Eyewitness World War II:

The close combat boys went into action. Their leader was SS-Obersturmfuhrer [First Lieutenant] Babick, battle commandant of the Reichstag. Babick now waged the kind of war he had always ...


April 28, 2015, 8:18 am, 1463054

Must-Read: Robert Reich: The Political Roots of Widening Inequality: "Globalization and technological change have made most of us less competitive...

...The tasks we used to do can now be done more cheaply by lower-paid workers abroad or by computer-driven machines. My solution—and I’m hardly alone ...


April 28, 2015, 8:18 am, 1463053

Must-Read: Steve Cecchetti and Kermit L. Schoenholtz: The Euro Area's Debt Hangover: "You wouldn’t know it from the record low level of government bond yields...

...but much of Europe lives under a severe debt burden. Nonfinancial corporate debt exceeds 100 percent of GDP in Belgium, ...


April 28, 2015, 8:18 am, 1463051

Over at Equitable Growth The advocates for the TPP and TATIP should be making the following points:

The gains from trade from these agreements will be equitably distributed as a result of policies X. The stronger copyright protections will actually boost world growth. Alternatively, if (2) is false and the stronger ...


April 28, 2015, 8:18 am, 1463052

Must-Read: Robert Skidelsky: Debating the Confidence Fairy: "Any Keynesian knows... a slump... is... a deficiency in total spending...

...To try to cure it by spending less is like trying to cure a sick person by bleeding. So it was natural to ask economist/advocates of bleeding ...


April 28, 2015, 8:18 am, 1463050

Must-Read: Eric Rosengren: Most developed countries’ central banks have experienced difficulty in providing sufficient monetary stimulus to spur a robust recovery in their economies. This may imply that inflation targets have been set too low...


April 28, 2015, 2:18 am, 1462862
(Paul Mirengoff)

For months, I’ve heard rumors that Elizabeth Warren wants to take on Hillary Clinton for the Democratic presidential nomination. The rumors are plausible. Warren is 66 years old. It’s probably now or never, if she wants to become president. And why would we doubt ...


April 27, 2015, 10:18 pm, 1462816
(John Hinderaker)

This article by Richard J. Petschauer at Watts Up With That? is an excellent short introduction to the views on climate that are held, generally, by those described as skeptics. (I prefer to call them climate realists.) You should read it all, but here are some excerpts:

There ...


April 27, 2015, 10:18 pm, 1462817
(Paul Mirengoff)

In presenting the Justice Department’s negative findings about the Ferguson police department, Eric Holder characterized the violent and lawless response of Ferguson residents to the justified shooting of Michael Brown as an unsurprising reaction to the “highly toxic environment” created by the Ferguson police over the ...


April 27, 2015, 10:18 pm, 1462815

Live from the Roasterie: And If It Snows That Stretch Down South Won’t Ever Stand the Strain…

I must confess that I had thought that Wichita would have done much better in employment during the oil boom of the past seven years:


April 27, 2015, 6:18 pm, 1462684

Must-Read: Ravi Kanbur and Joseph Stiglitz: Dynastic Inequality, Mobility and Equality of Opportunity: "One often heard counter to the concern on rising income and wealth inequality...

...is that it is wrong to focus on inequality of outcomes in a ‘snapshot.’ Intergenerational mobility and ‘equality of ...


April 27, 2015, 4:18 pm, 1462613

Over at Equitable Growth: A nice piece by Patricia Cohen in the New York Times with good quotes from Cornell's Thomas Hirschl.

One thing going on is that the major lifestyle and utility improvements of the past generation--really cheap access to communication, information, and entertainment--are overwhelmingly available to ...


April 27, 2015, 4:18 pm, 1462612

Must- and Should-Reads:

Must-Must-Read: Adam Kotsko: The Good Inequality Must-Read: Nick Bunker: What Is the Right Size and Purpose of the U.S. Financial System?


April 27, 2015, 2:18 pm, 1462529

**Today's Economic History: Sometimes I am really sorry that Josh Marshall is proprietor of Talking Points Memo rather than holding an american history chair at some university...

Josh Marshall**: Breaker Boys: "'Breaker boys' were young boys, usually between the ages of 8 and 12 years old...

...


April 27, 2015, 2:18 pm, 1462527

Must-Read: Katharina Knoll, Moritz Schularick and Thomas Steger: Global House Prices, 1870‐2012: How have house prices evolved over the long‐run?...

...This paper presents annual house prices for 14 advanced economies since 1870. Based on extensive data collection, we show that real ...


April 27, 2015, 2:18 pm, 1462528

Must-Must-Read: Georg Graetz and Guy Michaels: Robots at Work: "Despite ubiquitous discussions of robots’ potential impact...

...there is almost no systematic empirical evidence on their economic effects. In this paper we analyze for the first time the economic impact of industrial robots, using new data ...


April 27, 2015, 2:18 pm, 1462526

Must-Read: John Quiggin: Australia and the Return of the Patrimonial Society: "Australians have no room for complacency...

...The fact that currently wealthy Americans have not, in general, inherited their wealth follows logically from the fact that, in their parents’ generation, there weren’t comparable accumulations.... Given ...


April 27, 2015, 12:18 pm, 1462443
(Paul Mirengoff)

The Assad regime has suffered a series of setbacks in its fight against rebel forces to the point that its ability to retain power appears to be in jeopardy, the Washington Post reports. Walter Russell Mead concurs.

Both the ...


April 27, 2015, 12:18 pm, 1462444
(Steven Hayward)

Utopiastic liberal enclaves (usually college towns like Boulder, Berkeley, Cambridge, etc.) pride themselves on their enlightened caring and sharing mentality, their generosity toward the oppressed and underprivileged, etc.  The residents are always happily smug about their moral superiority to the grasping, bourgeois middle classes of suburbia.

But I couldn’t ...


April 27, 2015, 10:18 am, 1462370

I think Ezra Klein nails this completely. The Washington DC press corps is not becoming better with time. It is becoming worse.

So I am going to make you read Ezra:

Ezra Klein: The Joke Was that Obama Wasn’t Joking: "The White House Correspondents' Dinner... strange event...

...