Relevant and even prescient commentary on news, politics and the economy.

Don’t try this at home, kids (unless your home is a beaver lodge)!

This is a picture of the beaver pond behind my old family home in western Massachusetts: You can’t tell from the picture, but the pond is at least a mile long and 1/4 mile wide, I think considerably bigger.  The land under the pond had been farmed and then forested before being flooded by beavers.  […]

If you’re a progressive, the design and implementation of the new Child Tax Credit should worry you

The American Rescue Plan included a fully refundable child tax credit.  The credit provides $3,600 per year for children under 6, and $3,000 per year for children between 6 and 17. The credit is paid out monthly, and slowly phases out for single parents who earn more than $112,500 and married couples earning more than […]

Classical liberalism and the politics of white grievance

It is an unfortunate fact that many think tanks funded by conservative plutocrats and nominally devoted to spreading free-market ideas actively foster the politics of white grievance.  I believe the evidence for this claim is quite strong, but it is not always immediately obvious that this is happening.  Classical liberals and libertarians generally do not […]

Douthat: democracy, whatever

Ross Douthat is evidently having trouble filling his column quota.  Or maybe he’s just confused about the role of public intellectuals and the nature of rational decision making. In two recent columns, Douthat suggests that Democrats are excessively worried about Republican attacks on voting and election and should just chill out.  He defends this “what, […]

Why does McConnell favor a criminal investigation into the events of January 6th?

Josh Marshall nails it (paywalled, but here’s part of his argument): Published reports suggest – and it is no surprise that this is the case – that the DOJ investigations are not looking deeply into the causes of the January 6th insurrection, causes which are inherently political and tied to numerous public officials and electoral politics. They’re […]

Grading the U.S. response to the pandemic

How should we grade our collective response to the covid pandemic?  What lessons should we draw for the future?  I believe that our response was poor.  To see why, just imagine where we would be today if effective vaccines had not been developed.  Our current strategy of moderate social distancing, intermittent partial lockdowns, and economic […]

Equi-realism about carbon pricing and other approaches to global warming favors a failsafe approach to regulation

Unfortunately, carbon pricing does not seem to be on the agenda of either the Biden administration or progressive advocates of an aggressive policy response to climate change.  In part this neglect reflects ideological bias against market-based approaches to regulation and in favor of methods that are more direct in their effects.  But it also reflects […]

Once more on vaccine hesitancy

Let me follow up briefly on my post from yesterday on vaccine hesitancy. Demeaning people is the first step towards ignoring their interests or even persecuting them.  Jason Brennan urges us to ignore the welfare of the unvaxxed by painting a picture of them as moral terrorists or extortionists.  He holds them responsible for their […]