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

Ted Cruz says that if one of his daughters as a young adult joins the Navy and her boat strays into the territorial waters of an unfriendly country whose own Navy then holds the boat and crew, he would want the president to torpedo diplomatic discussions for their release by speaking belligerently about it on national television hours after the incident began.*

I can’t remember which network I watched the State of the Union address on Tuesday night, but one of the post-speech commentators was Hugh Hewitt, a winger talk radio host whom I had never heard of until he participated as a questioner in one of the earlier Republican debates this cycle. Hewitt began his commentary […]

“Executive Actions to Reduce Gun Violence and Make Our Communities Safer”

President Addressing Weapon Safety: Link New Executive Actions to Reduce Gun Violence and Make Our Communities Safer To me this is “mostly” a reiteration of what is already out there for law with restrictions plus some enhancements. President Obama appears to be calling for enforcement of what is already there for law. There are adders […]

Your Tax Dollars Subsidizing Methane Gas Emissions

Sandwichman at Econospeak has a post up on subsidizing Methane and the BLM. It fits in with the Bundy take over of the Wildlife Refuge Bldg. He credits 538 Politics for this exclusive The Armed Oregon Ranchers Who Want Free Land Are Already Getting A 93 Percent Discount We are paying for the air pollution […]

Universities and Donations – Western Carolina University

What does a public university do when a donation to it comes with strings? This is the situation Western Carolina University finds itself in today as a $2 million donation is being given to it by a Charles Koch Foundation to establish a Center for the Study of Free Enterprise under BB&T bank sponsored department […]

NAIRU V Estimation

by Marco Fioramanti and Robert Waldmann This is the second to last post on the European Commissions DG -Ec-Fin estimates of cyclical unemployment for the purposes of calculating output gaps. This estimate is called unemployment minus the NAWRU (non accelerating wage inflation rate of unemployment). We will call unemployment – NAWRU “cyclical unemployment” even though […]

Republican Policy Response to Increasing Income Inequality

“Labor Share is decreasing so lets cut tax on capital to zero”. That is it. Literally. When you parse out Paul Ryan’s ‘Path to Prosperity’ or the net effects of Rubio’s tax plan that is what Republicans are pushing as the solution to everything. And pretty much always has been since “Rising Tide”. Forget the […]