Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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May 2, 2016, 12:18 am, 1631944
(John Hinderaker)

Ronald Reagan swept to two landslide victories on the strength of his famous three-legged stool—economic conservatism, social conservatism and an internationalist, hawkish foreign policy. But the elements of the Reagan coalition have been drifting apart for some time, and the alliance now appears to be irretrievably fractured.

I was ...


May 2, 2016, 12:18 am, 1631946
(Paul Mirengoff)

Here’s the latest from George Will on Donald Trump. Will describes the damage Trump will inflict on the Republican Party if he is the presidential nominee, and notes that the damage already inflicted is “extensive.”

I agree. However, it seems to me that the great ...


May 2, 2016, 12:18 am, 1631945
(Paul Mirengoff)

Senator Tom Cotton was instrumental in rallying Republican Senators against the Sentencing Reform and Corrections Act late last year when momentum seemed to augur its passage. Thanks in large measure to the efforts of Senator Jeff Session and Senator Cotton, the bill was stopped in its tracks.

Now ...


May 1, 2016, 6:18 pm, 1631908

May 1, 2016, 6:18 pm, 1631907

World War II Timeline: April 28, 1946-February 17, 1947:

April 28, 1946: The International Military Tribunal for the Far East indicts Japanese war minister Tojo Hideki as a war criminal, charging him with 55 counts. He will be sentenced to death in November ...


May 1, 2016, 6:18 pm, 1631909

Must-Read: Raj Chetty and Nathaniel Hendren: The Impacts of Neighborhoods on Intergenerational Mobility: Childhood Exposure E↵ects and County-Level Estimates: "Studying more than five million families who move across counties in the U.S....

...we present quasi-experimental evidence that neighborhoods affect intergenerational mobility ...


May 1, 2016, 6:18 pm, 1631906

John Adams: Travels, and Negotiations:

Dined with the Marshall De Maillebois, with a great deal of Company. Here also We were shewn the Marshalls Amie seated at the Table, with all his great Company. Mr. Lee and I had a good ...


May 1, 2016, 6:18 pm, 1631904

Women during the May Day Demonstration in Berlin (May 1, 1946):

According to Neues Deutschland, more than 500,000 people took part in the May Day rally on May 1, 1946, including many women who – like those shown in the picture – ...


May 1, 2016, 6:18 pm, 1631905

Eleanor Roosevelt: My Day:

NEW YORK, Monday—The blue sky returned to us yesterday and, luckily, cold as the weather was, it was not quite freezing, so our fruit blossoms and our plants are still unhurt.

As I walked ...


May 1, 2016, 4:18 pm, 1631884

Must-Read: Jeff Stein, Dylan Matthews, and Ezra Klein Voxsplain the purpose and meaning of Obama's speech at the press dinner last night--a message every single reporter and correspondent got, but very few of them dare to inform their readers about:

Ezra Klein and Dylan Matthews: ...


May 1, 2016, 4:18 pm, 1631883

Economista Dentata: Wentworth’s Letter: "'I can listen no longer in silence...

...I must speak to you by such means as are within my reach. You pierce my soul. I am half agony, half hope. Tell me ...


May 1, 2016, 4:18 pm, 1631881

Scott Lemieux: Is Liberal "Smugness" A Meaningful Causal Factor In American Politics? (SPOILER: Still No.): "Emmett Rensin.... Based on some of his tweets, I fully expected the move in the...

...‘the two-step of terrific triviality’ in which he backed off his ...


May 1, 2016, 4:18 pm, 1631882

Must-Read: Seems to me that Ryan Cooper is grasping at straws in saying that competition policy is not a partisan issue. At the root of our dysfunctional gridlock is that everything immediately becomes a partisan issue as soon as it becomes salient enough that one party ...


May 1, 2016, 4:18 pm, 1631880

Must-Read: Adam Smith's "Invisible Hand" argument. It's not "markets are good". It is, instead, two moves:

Complicated processes involving the interactions of large numbers of humans have emergent properties and produce outcomes that often are not and cannot be understand as intended by any ...


May 1, 2016, 4:18 pm, 1631876

Live from La Farine:

Kansas City Star: Kansas lawmakers, Gov. Sam Brownback stagger toward shameful end to session: "Gov. Sam Brownback finally entered the Kansas budget talks over the weekend...

...but his plan wasn’t very helpful.... The dysfunctional Kansas Legislature failed on the 101st day of ...


May 1, 2016, 4:18 pm, 1631877

You know. There is much too much good stuff out there--written by smart, hard-working people trying their best to inform me, many of whom have not gotten their fair chance because they did not make the right connections or flatter the right gatekeepers. The combination of Obama's ...


May 1, 2016, 4:18 pm, 1631878

The often-insightful Corey Robin makes a huge fool of himself.

Sad!

Shorter Corey Robins: The Americans I call "neoliberals" are in fact actually what I call "neoliberals" only to the extent that they declared the fundamentals of their political program to be something very different than they did--i.e., ...


May 1, 2016, 4:18 pm, 1631879

Comment of the Day: Robert Waldmann: A Comment on Henry Farrell commenting on Brad DeLong Commenting on Henry Farrell Commenting on Doug Henwood: "I didn't get the impression Brad claimed you are a Marxist...

...I think he suggested that Doug Henwood ...


May 1, 2016, 2:18 pm, 1631859

Live from Over the Rockies: Ezra Klein: John Boehner just confirmed everything liberals suspected about the Republican Party: "Speaking at Stanford University, former House Speaker John Boehner went the full Bulworth...

...He repeatedly called the House Freedom Caucus--the loose group of ...


May 1, 2016, 2:18 pm, 1631858

Must-Read: Ben Spielberg: How to Prepare for the Next Recession: "Because interest rates are already so low...

...the Fed’s principal ammunition--the ability to further lower rates--is unlikely to have much traction when the next downturn rolls around. If we want to ...


May 1, 2016, 2:18 pm, 1631855

Must-Read: A surprisingly-large (to me) number of people have been trashing the very sharp Branko Milanovic for what seems to any normal economist to be an obvious point: At one pole is (1) restricting immigration far below the economically-rational level for any economic welfare analysis because the ...


May 1, 2016, 2:18 pm, 1631857

Live from Over the Rockies: Betty Cracker: From hell’s heart, I stab at thee: "I don’t think George Will is ready to jump on the Trump bandwagon, you guys...

Donald Trump’s damage to the Republican Party, ...


May 1, 2016, 2:18 pm, 1631856

Must-Read: Arindrajit Dube and Ben Zipperer: Puerto Rico’s predicaments: Is its minimum wage the culprit?: "The federal minimum wage--which has applied to Puerto Rico since 1983...

is much more binding there than it is on the mainland.... In 2014, for example, ...


May 1, 2016, 2:18 pm, 1631854

May 1, 2016, 12:18 pm, 1631834
(Scott Johnson)

Nebraska attorney Dave Begley follows up on his report on the appearance of James Hansen to support his proposal at the annual Berkshire Hathaway shareholder meeting. Dave reports:

The climate change resolution put forth by Dr. James Hansen was defeated but it gathered slightly more than ten ...


May 1, 2016, 12:18 pm, 1631835
(Scott Johnson)

Having signed up to see signed up to see Manhattan Transfer on Monday and Judy Collins on Wednesday, both at the Dakota in downtown Minneapolis, we were counting on a double dose of much needed anger management therapy. However, Judy Collins had to postpone her show ...


May 1, 2016, 12:18 pm, 1631833
(Scott Johnson)

At his press conference with Prime Minister David Cameron on April 22 in London, Obama took up the subject of Churchill. “I love Winston Churchill, love the guy,” Obama asserted, and it wasn’t the phonies thing he had to say at the press conference. That was reserved ...


May 1, 2016, 12:18 pm, 1631832
(Scott Johnson)

I thought that President Obama’s material at the White House Correspondents’ Dinner last night was mostly unfunny. What to say, though, about about the Comedy Channel’s Larry Wilmore, who followed Obama? Wilmore is allegedly a comedian, though he was painfully unfunny for 22 minutes that ...


May 1, 2016, 12:18 pm, 1631831

Must-Read: Amos Tversky and Daniel Kahneman (1974): Judgment under Uncertainty: Heuristics and Biases: "Many decisions are based on beliefs concerning the likelihood of future events...

...These beliefs are usually expressed in statements such as 'I think that...', 'the chances are...', 'it ...


May 1, 2016, 12:18 pm, 1631830

Must-Read: Ben Thompson: Antitrust and Aggregation: "With zero distribution costs and zero transaction costs...

...consumers are attracted to an aggregator through the delivery of a superior experience, which attracts modular suppliers, which improves the experience and thus attracts more consumers, and ...


May 1, 2016, 12:18 pm, 1631829

May 1, 2016, 12:18 pm, 1631827

Must-Read:I really do not like the "too many workers" framing: I vastly prefer either:

Too little public investment Too little government purchases Too little government debt Too little risk-bearing capacity Too little in the way of safe assets for savers to hold

But the argument seems ...


May 1, 2016, 12:18 pm, 1631828

Must-Read: Ben Thompson (2013): Obsoletive: Revolutionary Products in Tech Don't Disrupt--They Obsolete: "[Christiansenian] disruption is low-end...

...a disruptive product is worse than the incumbent technology on the vectors that the incumbent’s customers care about. But, it’s cheaper, and better on other ...


May 1, 2016, 12:18 pm, 1631826

Must-Read: It is now six years since Olivier Blanchard called for "outlining the contours of a new macroeconomic policy framework". Yet what is that framework? Where is it? Who outlines it? And what processes will give it political traction?

Olivier Blanchard et al. (2010):


May 1, 2016, 12:18 pm, 1631825

Over at Equitable Growth: It is now six years since Olivier Blanchard called for "outlining the contours of a new macroeconomic policy framework". Yet what is that framework? Where is it? Who outlines it? ...


May 1, 2016, 12:18 pm, 1631824

Matt Bruenig: What Is Wealth?: "In 'Capital,' Piketty tracks as far back as he can the history of wealth inequality...

...which is also described as the history of inequality in the ownership of capital. In order to embark upon such a ...


May 1, 2016, 12:18 pm, 1631823

Live from the Republicans Self-Made Gehenna: Paul Krugman: Wrath of the Khanned: "[HRC] is resilient under pressure, a character trait notably lacking on the other side...

...But... [there are] fundamental differences.... Both parties make promises to their bases.... The Democratic establishment ...


May 1, 2016, 4:18 am, 1631731
(Paul Mirengoff)

The Baltimore Sun reports that in the year since the death of Freddy Gray, 271 sworn members have left Baltimore’s police department. Only 86 have been hired. The department currently has 284 vacant positions in a force of around 2,300.

It’s not difficult to understand ...


May 1, 2016, 4:18 am, 1631730
(Paul Mirengoff)

Politico reports that the White House and its allies are about to commence a new campaign to get a hearing and a vote for Judge Merrick Garland. They’re calling it the 9-9-9 campaign: nine states, during nine days, to push for a court with nine ...


May 1, 2016, 12:18 am, 1631691
(Steven Hayward)

Today is the last day of Whiteness History Month up at Portland Community College, though it is not clear whether the social justice set at PCC want the world to know about it or not. Yesterday a person attempted to videotape a session on feminist theory, and ...