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Archive of Articles in the "Economics" Category

Friday Talking Points [359] -- Every Sulfurous Belch

[ Posted Friday, August 28th, 2015 – 17:00 UTC ]

The entire Trump phenomenon reminds me of a basic rule from the world of magical/fantasy fiction. It's not quite Asimov's "three laws of robotics," but it's still been used my many authors who write about wizards casting dangerous spells. The rule of thumb among wizards? "Do not call up that which you cannot put down." Don't summon demons or otherworldly forces if you're not strong enough to defeat them, in other words.

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Biden Speculation

[ Posted Monday, August 24th, 2015 – 16:34 UTC ]

Vice President Joe Biden certainly has got the media talking. All it really took was one leak to Maureen Dowd and a meeting with Senator Elizabeth Warren, and the recurring story in the media is now: "Biden's son Beau made a deathbed plea to his father to run for president again, and he's now seriously considering it." That's a compelling political narrative, to be sure. The Wall Street Journal is even reporting that Biden's now leaning towards running. Now, I have no inside sources of my own, so I have no idea what's really going on in Biden's head, but no matter how likely it turns out to be, a Biden candidacy bears political examination beyond the simple question of: "Will he or won't he run?"

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Friday Talking Points [358] -- Trump's Immigration Roundup

[ Posted Friday, August 21st, 2015 – 17:16 UTC ]

Another week has gone by, and Donald Trump remains the Republican frontrunner in the presidential nomination race. We've noticed that all the inside-the-Beltway pundits who so confidently predicted Trump's imminent and inevitable downfall are now slowly starting to revisit their predictions. This is making them extremely nervous, of course. Some are still finding solace in the "Trump's going to say something any day now that will sink him like a stone" way of thinking, but their numbers are getting smaller as time goes by and Trump defies political gravity once again.

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Sanders Versus Trump Would Be Fun

[ Posted Wednesday, August 19th, 2015 – 17:24 UTC ]

Could the next presidential election be one where both sides get the candidate who inspires the most passion among the base? It would have seemed almost ridiculous to suggest as recently as last month, but the possibility that America could be given the choice of Donald Trump versus Bernie Sanders doesn't seem so far-fetched nowadays. If these are the choices the two major parties coalesce behind, it'll certainly be one of the most unique presidential elections ever.

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Hillary's Enthusiasm Gap

[ Posted Monday, August 17th, 2015 – 16:59 UTC ]

Deep into the political silly season, it seems the pundits are getting rather tired of being so very, very wrong in predicting the imminent demise of Donald Trump's candidacy, so instead they all seem to have turned to a new summertime storyline: predicting the imminent demise of Hillary Clinton's candidacy. This is what passes for conventional wisdom inside the Beltway in the dog days of August, but it's likely going to turn out to be just as wrong as the endless refrains of "surely this will sink Trump!" which preceded it. For anyone so disconnected from reality to understand what I'm saying here, a handy reminder that we have over fourteen months before the 2016 election. Even the first primaries are still a half a year away. And anything can happen in that amount of time in politics.

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Friday Talking Points [357] -- The Rehabilitation Of Golf In The GOP

[ Posted Friday, August 14th, 2015 – 18:07 UTC ]

We're going to begin today with a wrapup of the week that was in the presidential campaigns, and as befitting his status as the Republican frontrunner, we're going to start with Donald Trump (if you're sick of hearing about Trump, just skip down eight or ten paragraphs and continue reading).

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Marijuana Legalization Fight In Ohio

[ Posted Thursday, August 13th, 2015 – 17:22 UTC ]

Legalizing both medicinal and recreational marijuana will be on the ballot in Ohio this November. But this news is actually dividing marijuana activists once again, which might have some political repercussions for the entire movement. Because of the way the proposed law was drafted, it would create an official oligopoly of only ten growers for the entire state. Ohio has over 11 million people, so each official farm would serve the needs of over one million people. That's pretty unbalanced, to put it mildly, since the other 75,000 farmers in the state would be out in the cold.

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Speed-Dating The Republican Candidates

[ Posted Monday, August 3rd, 2015 – 20:55 UTC ]

I just finished watching the first "candidates' forum" (don't call it a debate!) of the season, where 14 of the 17 Republicans running for president all appeared on the same stage in New Hampshire. The "one person on the stage at a time" format was an odd one, meant to get around the Republican National Committee's strict rules on how many debates they're going to tolerate this time around (it seems the more the public hears Republicans debate, the more it harms the Republican candidates).

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Friday Talking Points [355] -- The Debate Debate

[ Posted Friday, July 31st, 2015 – 17:21 UTC ]

In normal years, this would be the official kickoff to the political Silly Season -- the dog days of August when Congress scarpers off for five or six weeks to have fun in the sun at taxpayer expense, and the political chattering classes have so little material to work with that they pick one silly issue and just absolutely obsess over it. This year, however, is not normal, as instead we're right at the kickoff of Presidential Debate Season, and the votes are already in -- the silly subject we're all going to obsess over this year is named Donald Trump. Whether this obsession takes the form of crushing depression (headline: "A GOP Led By Donald Trump Will Fail, And Deserve It") or unconcealed glee (headline: "Christmas Comes Early This Year -- Anticipating The Gift Of A Trump-Fueled GOP Debate") depends, of course, on the viewpoint of the pundit.

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Happy Birthday, Medicare (Or: How Wrong Reagan Was)

[ Posted Thursday, July 30th, 2015 – 16:48 UTC ]

Medicare turned 50 years old today. Only 15 more years, and it'll be eligible for itself!

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