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

Blogging Hiatus

My apologies to all, but I’ll be taking a brief blogging hiatus this week to spend time with my new baby daughter (my second), who was born over the weekend. I’ll be back at work soon… but not quite yet. First my body needs to re-learn how to deal with getting sleep only in 1 […]

Social Security: GOP Split

Let’s compare two stories. One seems to have Bush admitting he’s a divider: “I fully recognize some in Washington, you know, don’t particularly want to address this issue,” Bush said in an auditorium at Greece Athena Middle and High School. I recognize some of them say, `Well, this is, this is a partisan thing. You […]

In Defense of the Apparel Quota

Conservative and liberal economists in Blogland have been very critical of the recent announcement from the Commerce Department: U.S. Secretary of Commerce Carlos M. Gutierrez announced today the initiation of a new system to monitor imports of textiles and apparel products. The system will allow the Department and the public timely access to preliminary textile […]

Housing Update

The insanity continues. The San Luis Obispo Tribune reports: “Interest-only loans financed nearly 70 percent of the home purchases in San Francisco, Marin and San Mateo counties during the first two months of this year …” The article concludes with quotes from two economists with opposing views of the growing use of IO loans. First, […]

Being Honest with the Kids …

… about their Social Security money. Via Brad DeLong, Daniel Froomkin notes that President Bush is Exploiting a Misconception. Congressman Kendrick Meek tells young voters the truth: MIAMI, Florida (AP) — Rep. Kendrick Meek, D-Florida, appealed to young taxpayers Saturday to oppose President Bush’s plan to partially privatize Social Security, saying they had to the […]

Dear Angry Bear,

Time for another installment in an irregular series. I thought this email said a lot about the media’s truly poor job in covering the privatization debate: In regards to Bush’s privorization plan for Social Security, I caught the tail end of a speech that a U.S. Senator was giving in Congress. He stated that contrary […]

Ramesh Ponnuru Endorses Progressive Tax Proposal

A liberal suggestion comes from the National Review: They should, rather, pass the legislation with the confidence that parents of small children are capable of seeing that even if they don’t pay income taxes now, they very well may pay them later. As soon as Mr. Ponnuru also puts on the table who will pay […]

More on "Globalization"

Let me add a few more provocative thoughts about “globalization” today. Again, this is partly in response to the public radio series on the subject, which has made me a bit cranky about it. But first, let me change the terminology somewhat. In the course that I teach on the subject every year, “globalization” is […]

Damn You, Newsweek!

This story, in today’s NYT must somehow be the fault of Newsweek: Even as the young Afghan man was dying before them, his American jailers continued to torment him. The prisoner, a slight, 22-year-old taxi driver known only as Dilawar, was hauled from his cell at the detention center in Bagram, Afghanistan, at around 2 […]

Luskin v. Luskin on Wexler’s Social Security Proposal

When Senator Frist brought up the nomination of Priscilla Owen, Senator Kennedy asked if this was the same Priscilla Owen that Attorney General Gonzales had accused of judicial activism. When Mark Thoma critiqued this NRO op-ed written by Donald Luskin: On Monday, Florida congressman Robert Wexler broke ranks with fellow Democrats by offering a plan […]