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

Dinesh Denial

Many Conservatives concede that the Conservative movement has gone bad. But they still insist that those of us who have been arguing this for decades were wrong for decades roughly until Trump came along. They find the case of famous conservative Dinesh D’Souza distinctly inconvenient. Washington Post Op-ed columnist Max Boot wrote “@DineshDSouza is indicative […]

Memo to younger readers: in an era of rising interest rates, deficits DO matter very much

Memo to younger readers: in an era of rising interest rates, deficits DO matter very much If you are under about 45 years of age, the odds are that you agree with one statement made by Dick Cheney: that “Reagan proved that deficits don’t matter.” As I mention from time to time, I am a […]

Trump’s I coulda

Terry talking to his Brother Charly: “You shoulda looked out for me a little bit. You shoulda taken care of me, just a little bit, so I wouldn’t have to take them dives for the short-end money…I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is […]

Initial jobless claims: the single most positive aspect of the entire economy

Initial jobless claims: the single most positive aspect of the entire economy I haven’t been bothering to comment on initial jobless claims reports lately, for the simple fact that every week it’s the same story:  they’re good! In fact, the initial jobless claims reports are probably the single most positive aspect of the entire economic […]

No, Matt Yglesias, Trump is *not* “probably gonna be re-elected”

No, Matt Yglesias, Trump is *not* “probably gonna be re-elected” While I generally agree with the political and social observations of Matt Yglesias and Ezra Klein, their takes that involve the economy frequently drive me crazy. So it was this morning when I encountered these two tweets from Yglesias: This is just incredibly shallow analysis and, […]

A Kennedy-Reagan-Trump Fiscal Policy?

A Kennedy-Reagan-Trump Fiscal Policy? Heather Long reports that the White House economists have no clue about the history of U.S. fiscal policy: President Trump’s policies are driving an economic turnaround that puts him in the company of transformative presidents such as John F. Kennedy and Ronald Reagan, White House economists said Wednesday as they unveiled their […]