Alex Tabarrok has a post today supporting the idea of term limits. He, like me, seems to support them on the grounds that if you know the opposite party may soon be in office, that may soften your governing stand while in office. I want to believe this is what happens. But in a world […]
Category Archive for 'Politics'
Folks, remember, the Presidency doesn’t matter much – but I do think there is some writing on the wall from what we see from the messages that have resonated with voters … … we are a country of economic illiterates (and statistical ones too – ahem, polling and uncertainty bands anyone?). If there was ever […]
In addition to just not posting, I’ve definitely tried to avoid the muck of politics. One thing has really stuck with me however is that I think that the Democratic and Progressive left has turned into quite a selective conservative movement, much in the tradition of the modern conservative movement (does it exist?). What is […]
This finding, while not surprising, is hard for me to square with the Political Economy we live in: On the Distribution of the Welfare Losses of Large Recessions by Dirk Krueger, Kurt Mitman, Fabrizio Perri – NBER WP#22458 How big are the welfare losses from severe economic downturns, such as the U.S. Great Recession? How […]
A very good and underappreciated site is Put a Number on It. Here, from a recent post on inequality, is not something many are familiar with: Transfers comprise social security and the rest of welfare. I gave $5,700 to every person over 65 and spread the rest based on number of children and distance from […]
If someone had told two years ago that one party was going to run a ticket with two ex-governors who were regarded as competent and scandal-free while another party was going to run Trump, which would you have guessed would be the mainstream party and which would you have guessed would be the wacko third […]
Hillary in a landslide. Republican House Democratic Senate.
So, New York State (who is that, exactly?) passes an historic increase in the minimum wage. It argues, implicitly, that raising costs to $15 per hour will benefit workers and not have the adverse consequences economists warn about. Of course, there are myriad adverse consequences, not just unemployment, so keep your eye on the ball. […]
Of course, I will not share my thoughts at Thanksgiving … but here goes (start at 1:14 if you don’t like stories. One reason I love folk music is the stories): Please do NOT interpret this to suggest that I think this is an open and shut issue, or that there are not legitimate questions […]
Sounds like a radical-contractarian to me! “With ______ , a business owner and the employees negotiate an agreement that works for them both. The agreement allows each party to prioritize what is important to them,” Hicks said in a statement. “This provision gives the parties the option, the freedom, to negotiate that agreement. And that is […]