Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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May 30, 2016, 10:18 pm, 1641015
(Steven Hayward)

Tough to decide on who gets the honor of our Academic Absurdity of the Week award. I was inclined to give it to the ingenious author of “Humor and Parody in Finnish Rap Music Videos,” since I’m still trying to recover from the mistake of listening to ...


May 30, 2016, 10:18 pm, 1641014
(Paul Mirengoff)

Chris Cillizza of the Washington Post serves up his list of the five people he judges most likely to wind up sharing the GOP ticket with Donald Trump. I don’t know whether Cillizza’s picks are all in Trump’s top five, or even whether they are ...


May 30, 2016, 10:18 pm, 1641013
(Paul Mirengoff)

I like much of Peter Baker’s reporting. I liked his book about the George W. Bush administration. I don’t like this article by Baker called “Rise of Donald Trump Tracks Growing Debate Over Global Fascism.”

It’s a slippery piece. Baker doesn’t argue ...


May 30, 2016, 10:18 pm, 1641012

Must-Read: Matt Levine: People Are Worried About Unicorns: "There was a time when my big question about the Theranos story was...


May 30, 2016, 8:18 pm, 1641006

Must-Read: Alan Shipman: Iceland's Economy Miracle: "The country that suffered proportionally the world’s biggest financial collapse in 2008 is now set to boom again...

...Its overgrown banks were one of the causes of the global financial crisis, Iceland responded to their ...


May 30, 2016, 8:18 pm, 1641005

Comment of the Day: Britonimist: Neoliberalism, Mirowski and Wren_lewis: "I cannot take seriously anyone who[, like Phil Mirowski,] would unironically use a term like 'Neoliberal Thought Collective'...

...nothing about this is coherent. Nobody could seriously say that someone like John Cochrane ...


May 30, 2016, 6:18 pm, 1641001
(Steven Hayward)

John notes below that one of Gary Johnson’s leading issues is drug legalization, which is not likely to sell well in places like otherwise libertarian-friendly New Hampshire, which has experienced a massive increase in heroin use in recent years. Then there was Johnson’s answer to the question posed ...


May 30, 2016, 2:18 pm, 1640953
(John Hinderaker)

As the Libertarian Party’s convention nominates former New Mexico governor Gary Johnson for president, some are saying that the Libertarians’ time has finally come, that 2016 could be the Libertarian moment. I very much doubt it.

A few years ago, I was invited to the George W. Bush Library ...


May 30, 2016, 2:18 pm, 1640952
(Paul Mirengoff)

Fred Barnes identifies a handful of conservative intellectuals who support Donald Trump to one degree or another. In some cases, the reasons presented for supporting Trump are unpersuasive and/or illogical.

Roger Simon says:

Like others, I want things to change. . .and Donald seems like the man with ...


May 30, 2016, 2:18 pm, 1640951

Live from the Hart Office Building:

Sen. Booker on Sen. Bradley: https://t.co/ekKbZSOl9m
This post reflects a major part of my life from 1990-96, and the values we took from it

— Mark Schmitt (@mschmitt9) May 25, 2016

Cory Booker: On Instagram: "Here ...


May 30, 2016, 2:18 pm, 1640948

MOAR bilgewater!

Live from the Journamalists' Self-Made Gehenna: Shakezulu: "Kristof isn’t arguing for or against more conservative voices around the university table...

...This is yet another round of You call yourself progressive? Then kiss this rabid skunk. Normal people know that kissing ...


May 30, 2016, 2:18 pm, 1640950

Live from the Republicans' Self-Made Gehenna: As Sam Wang said: "Gingrich begat Limbaugh, and Limbaugh begat W, and W begat Palin, and Palin begat Cain, and Cain begat Trump..." Now if only they would go dwell East of Eden and leave the rest of us alone!


May 30, 2016, 2:18 pm, 1640949

Live from the Republicans' Self-Made Gehenna: Digby (June 18, 2015): Yes, he's a right-wing blowhard. But he's rich & famous, and his kooky ideas fit snugly in the Tea Party mainstream: "The GOP race for the presidency has been upgraded from a clown car ...


May 30, 2016, 12:18 pm, 1640922

Must-Read: The very sharp Ricardo Hausmann on the catastrophe of Venezuelan Peronismo. Peronismo is, in a nutshell, manipulating market prices to affect the distribution of wealth and attempting to use government controls and commands to guide the pattern of economic activity. This commits both market ...


May 30, 2016, 12:18 pm, 1640923

Sam Wang (Jan 7, 2016): Does Trump’s ceiling matter?: "Ross Douthat... says Trump is doomed because he will hit a ceiling of support around 30%...

...But even if that ceiling holds, it might not matter.... The Republican Party has adopted a ...


May 30, 2016, 12:18 pm, 1640921

Must-Read: The very sharp indeed Steve Cecchetti and Kermit Schoenholtz on how, contrary to the models of the early 1980s--and, I fear, the view of the world still held by the FOMC--U.S. monetary tightening is not expansionary for the rest of the world:

Stephen ...


May 30, 2016, 12:18 pm, 1640920

Must-Read: James Bessen: Lobbyists Are Behind the Rise in Corporate Profits: "I tease apart the factors associated with the growth in corporate valuations relative to assets (Tobin’s Q) and the growth in operating margins...

...the roles of R&D, spending on advertising ...


May 30, 2016, 12:18 pm, 1640918

Most Recent Must-Reads:*

Ricardo Hausmann: Overdosing on Heterodoxy Can Kill You Stephen G. Cecchetti Kermit L. Schoenholtz: Spillovers, Spillbacks and Policy Coordination James Bessen: Lobbyists Are Behind the Rise in Corporate Profits


May 30, 2016, 12:18 pm, 1640919

Over at Equitable Growth: Must-Reads:

Ricardo Hausmann: Overdosing on Heterodoxy Can Kill You Stephen G. Cecchetti Kermit L. Schoenholtz: Spillovers, Spillbacks and Policy Coordination James Bessen:


May 30, 2016, 10:18 am, 1640894
(Scott Johnson)

In observance of Memorial Day 2007 the Wall Street Journal published a characteristically brilliant column by Peter Collier to mark the occasion. The column remains accessible online here. I don’t think we’ll read or hear anything more thoughtful or appropriate to the occasion today. ...


May 30, 2016, 10:18 am, 1640893

Jack Goldsmith: Tries Patience with Michael Kinsley: "Why Kinsley is Wrong About the Connection Between Democracy and the Publication of National Security Secrets:...

...Michael Kinsley, in his review of Glenn Greenwald’s book made the following claims about leaks of national ...


May 30, 2016, 2:18 am, 1640802
(Paul Mirengoff)

Next month, Great Britain will vote on whether to exit the European Union. One of the main arguments against a “Brexit” seems to be that Germany and company will punish Britain economically if it exits in order to deter other states from following or perhaps just out ...


May 30, 2016, 12:18 am, 1640792

Andrew Gordon (2013): The Rules of the Game: Jutland and British Naval Command:

Tuesday the 30th of May started as a routine day in the life of a fleet in harbour. Queen Elizabeth’s men returned from leave, and were set to cleaning ...