Andrew Sullivan attacks Paul Krugman (hat tip to Mark Thoma) in such an utterly disingenuous way that is receiving some well deserved scorn. Krugman writes: According to this view, if you’re a former Bush supporter who now says, as Mr. Bartlett did at the Cato event, that “the administration lies about budget numbers,” you’re a […]

The Employment Situation Summary for February shows that nonfarm payroll employment grew by 243,000 – so why did the unemployment rate rise to 4.8%? The Household Survey indicated a 183,000 increase in employment, which meant that the employment to population ratio remained at 62.9%. The civilian labor force grew by 335,000, which bumped the labor […]

Kash notes that this week’s Econoblog addressed income inequality, which has been rising over the past couple of decades: Russell is right that absolute standards of living matter. But I think that he failed to address Boushey’s point (which is fairly widely accepted by economists) that relative success matters to people, too. Understanding the causes […]

This week’s Econoblog from the WSJ is about income inequality. Heather Boushey is alarmed by the rise in inequality over the past couple of decades: Over the past 30 years, we have seen inequality rise along all three dimensions — wages, incomes and wealth — and it shows no signs of slowing. As a result, […]

Let me just add my two cents to what PGL just wrote about whether Reagan was really a small-government conservative, and to what degree Bush has betrayed that legacy. To start with, let me repost a picture that I like from an old post entitled “Spending Growth in Context“: Firstly, I would agree that Reagan […]

Duncan Black’s post entitled Sully is a reaction to an article by Dana Milbank on a conference where Bruce Bartlett and Andrew Sullivan were doing some Bush bushing (also see Kash’s post). Sully and Bruce long for the days when President Reagan allegedly brought us a smaller government. Duncan writes: I know the myth of […]

As you may know, Bruce Bartlett has a new book out about the Bush presidency entitled “Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy” which is making quite a stir. If you don’t know who Bruce Bartlett is, let me excerpt this passage from The Economist‘s book review (which rather absurdly […]

Mallory Factor condones political pandering over leadership: Americans do not want higher taxes … Most Democrats in Congress are ignoring the two-thirds of their constituents who want tax rates to stay where they are, voting consistently to raise taxes and using the procedural mechanism of the filibuster to keep automatic rate hikes looming over American […]

All I could say when I read Kevin Drum today on single-payer health care was “YES”: [F]or tactical political reasons, [prominent Democratic politicians] think it’s more effective to talk about incremental solutions. I disagree. …The alternative, I think, is to continue supporting improvements to the current system but to make it absolutely clear that our […]

Brad Setser objects to the following from Sebastian Mallaby: There’s a powerful reason for China’s recalcitrance. The country’s technocrats were convinced years ago that revaluation made economic sense. But revaluation would cut the price of food imports, depressing earnings of Chinese farmers. Faced with simmering discontent among rural Chinese who have been left behind by […]