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

Rules? In a Knife Fight?!

Allan Marks, in a comment on a Krugman post, reminds me of one of my favorite scenes in filmdom. Krugman’s complaining that he doesn’t understand the rules that his detractors are arguing by, and Marks suggests he watch this (55 seconds): Is anyone else wishing our esteemed President knew the rules for knife fights? Cross-posted […]

The Internal Blue Cross/Blue Shield Revenue Service. Awesome!

“Since the I.R.S. also is the chief enforcer of Obamacare requirements, [Michele Bachmann] asked whether the I.R.S.’s admission means it ‘will deny or delay access to health care’ for conservatives. At this point, she said, that ‘is a reasonable question to ask.’ ” — Bob Unruh, Why Obama Released Embarrassing IRS Bombshell, WND Exclusive, May […]

Why, Yes! Of Course! The Voters Will Vote to End Social Security, Medicare, Dodd-Frank and the EPA Because the IRS Improperly Hassled Political “Social Welfare” Organizations and the DOJ Issued Sweeping Subpoenas of AP Phone Lines!

Well, that didn’t take long, did it? It began yesterday morning, with a Politico article by Jim VandeHei and Mike Allen, and an accompanying video by Allen, suggesting improper actions of the IRS resulting from its inability to adequately handle the tsunami of exempt-organizations applications, coupled with the DOJ’s overly aggressive use of its subpoena powers […]

Catch of The Day: Tim Duy

Carpe diem, indeed: Mr Bernanke’s own appointment in 2005 was a case in point. There were several candidates that year. According to people involved, then-President George W. Bush leaned towards Martin Feldstein, a former economic adviser to Ronald Reagan…. But Mr Feldstein was a director of the insurance company AIG, which restated five years of […]

Orrin Hatch on tax reform at the ABA–a predictable right-wing rant

by Linda Beale Orrin Hatch on tax reform at the ABA–a predictable right-wing rant Orrin Hatch was the keynote speaker for the ABA Tax Section luncheon today in DC. Having never heard the man in person, I was surprised at the bumbling nature of his speech. He came across as an old man reciting a […]

Reader (and Statistician) Jan Galkowski’s Quick Primer on CO2 and Climate Change

This weekend’s open thread here on AB produced an awesome post by reader, statistician and obvious genius Jan Galkowski on the significance of last week’s report on the level of CO2 now in the atmosphere.  Here’s part of the thread, including Mr. Galkowski’s post: Rjs / May 11, 2013 4:54 am in case you missed […]

Here we go again and again!

Rjs sends a link filled note on the ongoing federal financial merry go round: It’s been a pretty slow week, with neither major monthly economic reports nor widespread kerfuffles in the blogosphere…as we figured, all the budget proposals floated earlier this year have gone nowhere, and it now appears that the republicans wont negotiate on […]

Senate did the right thing–will the House?

by Linda Beale Senate did the right thing–will the House? Most are aware that online businesses have an unfair tax advantage. Under the 1992 Quill Supreme Court decision, states cannot currently require online retailers without physical presence in the state to collect applicable sales taxes. Although customers are supposed to save receipts and then pay […]

In the Short Run, We Are All Dead. At Least According to That New Oregon Medicaid Study.

Well, we AB types–readers and writers, alike–are familiar with John Maynard Keynes’s famous line that “In the long run, we are all dead.”  By which he either meant that economists, if they are to be useful, must try to predict and recommend short-term government policies that avoid or help end current, severe economic downturns, rather than […]

Is Margaret Thatcher Responsible for Silicon Valley, As David Brooks Claimed Recently?

[T]he myth of the welfare state fostering a lazy citizenry just doesn’t hold water. A group of small nations (combined population: about 25 million) that came up with Linux, Skype, Ikea, H&M, and Lego — to say nothing of well-written television shows and mystery novels, innovative designers and brilliant architects from Alvar Aalto to Bjarke […]