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

Wealth Taxes

There is an interesting discussion among smart, expert, thorough economists about wealth taxation. It is clearly stimulated by Warren’s proposal to tax wealth. Gabriel Zucman, Roger Farmer, and the much less famous but also super smart Noah Smith are debating the issues. I’m sure AngryBear readers can benefit from their discussion (to which I don’t […]

Buried Lede … all time record

They got the goods, but some editor made them semi bury them. By Mark Mazzetti, Eric Lipton* and Andrew E. Kramer note that the first shipment of Javelin missiles to Ukraine was mysteriously held up by the OMB until April 2018 when then prosecutor general Yurii Lutsenko froze the investigation of Paul Manafort. This isn’t […]

Extremely Implausible Deniability

“The U.S. ambassador to the European Union, Gordon Sondland,” is a law abiding citizen and also a team player. He has been subpoenaed and will have to testify about Trump and Ukraine. Also he seems to be very well understood by some guy who is talking and talking and talking with Washington Post Reporters Aaron […]

Binyamin Applebaum vs Economics 101 ism

I haven’t Applebaum’s book, just a column. I think the elite embrace of economics 101 occurred throughout the rich world. Certainly including Massimo D’Alema (Italian Prime Minister raised as a communist). In any case, I recognise the type over here in Rome (not just in my home town Washington DC) The book is “The Economists’ […]

The Crushing Burden of Household Debt

If there is one thing that Presidential candidates, pundits, and bloggers agree on, it’s that Americans suffer under a heavy burden of debt. We have passed from alarm over predatory credit card lending, to underwater and deliquent mortgages to student debt, but in any case, we agree that debt is a huge problem. There are […]

My Extreme Opinions.

Here is an especially self indulgent post. I think the useful part is this link to a Data For Progress poll showing current US public opinion is way to the left of the inside the beltway Overton Window. Most US adults support proposals which are seen as fringe left in official Washington. The presentation is […]