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Category Archive for 'Politics'

11 Progressive Commandments

Courtesy of Vox. 1. “We believe that Wall Street needs stronger rules and tougher enforcement, and we’re willing to fight for it.” 2.”We believe in science, and that means that we have a responsibility to protect this Earth.” 3. “We believe that the Internet shouldn’t be rigged to benefit big corporations, and that means real […]

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Republicans are Rightly to Blame

I find all of the hand-wringing about the President’s use of Executive Power to regulate carbon dioxide emissions from fossil fuel plants a bit annoying (that’s not the right word). We know that Executive Agencies like the EPA, FDA, FCC, etc. have a great deal of power, and the real difficulty with that power is […]

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From Tim Harford’s The Undercover Economist Strikes Back: Almost one in ten of China’s richest one thousand people sits in the National People’s Congress – a body of almost 3,000 lawmakers. Their average net worth is four times the average net worth of the richest politicians in the United States Congress, despite the fact that the […]

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Talk about Straw manning it. Hilariously, Matthews links to the highly debatable Cook paper where the 97% claim comes from. But that’s not really the point. The point, yet again, is that for such an enlightened, leading, scientific, research and data oriented website as Vox claims to be, is totally and horrendously disingenuous when it […]

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The federal government collected $350 billion from corporations in corporate income taxes last year. Economists have long understood and explain that the US federal (and state) corporate income tax rates are at the same time both too high and too low. Why do we say this? Well, the tax rate is, at the margin, very […]

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The “left” sees the last 34 years as a revival (was there ever a VIVAL?) of laissez-faire dogmatism. Some folks like myself see it as almost the diametric opposite. Of course, some of this could be “settled” by empirical evidence. The number of pages of regulations? The dollars spent complying with regulations? The number of […]

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Readers should be on alert, this is me confirming my biases. I am sure, too, that this research is only the case in Eastern Europe, never could imagine the same result holding here in the good ol’ U.S.S. of A.  I found this interesting in light of last Friday’s post. School, what is it good […]

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Last week, former CEA Chair and current Harvard economist Greg Mankiw points us to yet another rhetorical flourish by the Commander in Speech: The CEA Fact Checkers Miss One In his speech yesterday, President Obama said, Now, we all know the arguments that have been used against a higher minimum wage. Some say it actually hurts low-wage […]

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When the objective historians go write down the legacy of this President, they are not going to talk about health reform (even if the ACA failed, it does capture the fact, and I think it is a fact, that reform is needed – I happen to think it lies in the deregulatory side coupled with […]

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Gosh I hate being a retired blogger. Without being pulled too far into a semantic swamp, let me assure our readers that the only way for the US Government to default formally (ignore that inflation might be considered a regularly occurring default by some) in two days is for the US Government to WANT to […]

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