Via the NYT comes this major dilemma as a next step in the “money is speech” campaign: The head of President Trump’s re-election campaign accused CNN of “censorship” on Tuesday afternoon after the broadcast network refused to run the group’s latest advertisement. CNN said it would run the 30-second television spot, a celebration of Mr. […]
Larry Summers on Treasury Secretary Mnuchin (via WP), to put it mildly: Last week I suggested that I felt sorry for Treasury Secretary Steven Mnuchin. He found himself forced by circumstance and his president to say and do things that undermined his and Treasury’s credibility. I wish there was an external force that could be […]
Lifted from comments by Dale Coberly… This year’s Social Security Trustees Report seems to be late as usual. But this is the LAST year that a gradual increase in the payroll tax can begin and still solve some of the less understood problems of the projected shortfall in SS funding: This is mostly that a […]
by Peter Dorman (originally published at Econospeak) Climate of Complete Incomprehension I finally got around to reading the NY Times new “responsible conservative”, Bret Stephens’, call for skepticism and moderation on climate change. He adopts an attitude that exudes reasonableness and rejection of hubris. Complicated modeling is an uncertain business and often fails; just look […]
by Barkley Rosser Is Authoritarian Nationalism Mostly A Rural Phenomenon? Offhand it looks like maybe it is. In the US Trump won overwhelmingly in rural areas while losing all of the largest cities. Yes, he took some mid-size declining industrial ones like Youngstown, OH and Erie, Pa, while losing some rural areas in places like […]
by New Deal democrat Two hits and a miss on GDP and wages We got two pieces of good news from the GDP report this morning, and one piece of bad news for workers. First, from the important long leading housing sector, real private fixed residential investment rose again to a new post-recession high: This […]
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Via Vox: One size does not fit all: On the heterogeneous impact of free trade agreements Can empirical research on past FTAs shed light on this uncertainty? To date, most studies that quantify the effects of trade agreements have either focused on obtaining a common average effect across all agreements (e.g. Baier and Bergstrand 2007, […]