The next recession will come at some point. Who have you already decided to blame?Read More
I think it was ABC World News Tonight that, last night (June 4) called the Supreme Court's cake-maker decision a "bombshell" ruling. That is false, it is not.
CNN claims--I roll my eyes--that the ruling somehow "fuels the debate on gay rights." Please.
In a hyperpartsian era full of 5-4, "partisan line" Supreme Court decisions, it's incredibly important to recognize how different this was. It was not partisan, it was not narrow, it was not a "bombshell," and it doesn't fuel anything.Read More
Imagine with me a happy, hand-shakey, bipartisan Congress. We're working across party lines, we're passin' bills, and everything's good.
Right now we're so far from that vision that I am almost afraid to malign it, but malign it I shall.Read More
2017 was full of hype about the risk of thermonuclear war or (somehow) World War III as the war of words between Trump and Kim of North Korea reached a boiling point. For all the criticism Trump received for tough talk and saber-rattling, he seems to be getting just as much flak for deciding to sit down and talk to Kim. Nonwithstanding, of course, the pretty typical flip-flopping: Obama offers to talk to North Korea without preconditions, conservatives freak out. Now Trump does it, liberals freak out (along with some conservatives, such as Ben Shapiro or the American Spectator). So let's take a minute and cut through the sports-team politics and get into the meat.Read More
The bipartisan effort to keep DREAMers in the US collapsed, kicking the debate over illegal immigration back into the public sphere.
I've seen a lot of arguments come across my desk about different ways of dealing with illegal immigration in the US, many of which have been backed by simply bad information. In today's post we'll debunk a few myths so you can have your facts straight at your next illegal immigration debate.Read More
We've had a few readers ask why Congress wanted to lower corporate tax rates in the US. In particular, US corporations already have record-setting profits--why do they need more money? Should we, instead, be raising taxes on corporations? Indeed, plenty of articles make the case that the corporate tax cuts won't create jobs at all.
The problem with these articles is that their counter-arguments are all arguing against the wrong argument. The logic behind a corporate tax cut is not in fact, "more corporate profits will mean more jobs."
If that's not the argument, what is?
In the last post, we explored some different common hypotheses behind the observed phenomenon of a growing gap between worker productivity and worker pay.
Today we'll look at how tough it is to explain this gap based on how hard it is to measure different parts of the graph--and, luckily, find a few places that seem a little more pinned down.Read More
What's behind the growing gap between US worker productivity and their pay? In this first half of the analysis, we look at some of the common knee-jerk answers and some of their complications.Read More
The Senate tax reform bill that just passed has many changes, but one that took some flak was an apparent tax cut for private jet owners. As is often the case, the story is more complicated than it seems at first blush. All another reminder to be critical about what you read, no matter how you lean politically.Read More
The Senate is working on their own version of a tax bill that would need to be reconciled with, or replace, the House is working on. We're going to look at what's in the Senate bill. We've seen a lot of oversimplification of this that seems to intentionally cherry-pick certain parts of it without looking at the whole picture.
So let's dive in and figure out what's going on.Read More