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

The debate

The long term effect of the debate may be small, but the race is at best a tie, and I just don’t see how Biden can turn it around.  I’m not saying he should drop out or that his candidacy is doomed.  He still may be the Dems best bet.  Maybe the outcry about his […]

The picayune approach to statutory interpretation and the war on the regulatory state:  the case of bump stocks

Imagine that Congress wants to address some social or economic problem by prohibiting certain undesirable acts.  One approach Congress can take is to specifically describe the undesirable behavior and prohibit it.  This approach sometimes works well – it is the basis of traditional criminal law – but it has two great disadvantages.  First, in many […]

How can getting food into Gaza be up for debate?

From the NYT: I am not sure what the claim is here.  If the idea is that Hamas will get political credit if people do not starve, this is a totally unacceptable reason to withhold food.  Maybe the worry is that Hamas will gain political leverage by monopolizing the distribution of food aid and distributing […]

Changing Israel’s self-destructive course

Israel is on a dangerously self-destructive course.  The brutality of the Gaza campaign is antagonizing allies and making it difficult for regional players to continue normalizing relations.  The prospects for a durable peace are dimming at the same time that the policy of military supremacy that provided a modicum of security over the past two […]

Elections are about trust, blame, and identity.  Here’s how to use that against Trump.

According to one well-known theory of electoral competition, voters care about policies, and candidates pick policies to maximize their appeal to voters.  This suggests that campaigns will try to appeal to the median voter.  There is obviously something to this model, and this year, as always, it is a safe bet that each side will, […]

Are the conservative Justices playing politics?

Probably, and that’s bad for straightforwardly political reasons.  Arrogant, naively moralistic Justices would be much less effective. Last week the conservative court preserved access to the critical abortion drug mifepristone.  But they relied on a procedural technicality and thus preserved their ability to limit use of the drug after the upcoming election.  Refusing to reach […]

Is the Taylor Swift ERAs tour in the UK inflationary?

Tyler Cowen links to an article suggesting that Taylor Swift’s upcoming concerts in London may boost inflation and delay an interest rate cut by the Bank of England. I am not a macroeconomist, but color my skeptical.  For one thing, a short blip in the demand for hotel rooms in London will likely increase room […]

The costs of stalemate in Ukraine

Apparently the administration is letting Ukraine hit military targets in Russia, though still with some restrictions.  This is way overdue.  It seems clear that Russia under Putin is an expansionist power.  Only a decisive defeat will prevent brutal ethnic cleansing in Ukraine.  Defeat may also lead Putin to refrain from further aggression against his neighbors, […]

The Trump conviction, first thoughts

It’s far from clear the conviction will have much effect on the race.  Most people will not learn much from the conviction.  Small effects could go either way:  marginal Trump voters could turn away from him, stronger partisans could become more mobilized, etc. I don’t want him thrown in jail, which I guess is unlikely […]

Biden:  “Trump must bathe before the debate!”

OK, not really.  But this is real (politico, via Political Wire): The expectations game … Trump also returned to another golden oldie last night: proposing a drug test for his debate opponent. He used this tactic in 2016 against Clinton. The gist is that if his opponent looks good at a debate, it’s only the result of illegal substances. […]