ChrisWeigant.com

Archive of Articles in the "Economics" Category

Quid Pro Quo In Any Language

[ Posted Tuesday, October 22nd, 2019 – 16:33 UTC ]

The Latin phrase quid pro quo simply means "something for something." That's a literal translation, and the concept is much older than even the Roman Empire: I have something you value, you have something I value, so let's exchange the two. Whether it be a chicken, a bolt of cloth, a ferry ride across a river, some gold, or whatever else, the quid pro quo concept goes back even before money existed. You give me something, and I'll give you something, and we'll both walk away satisfied with the deal. It's really not hard to understand at all, because this basic system of bartering is the bedrock of all commerce today.

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Two More Medicare For All Arguments

[ Posted Monday, October 21st, 2019 – 16:44 UTC ]

I read today an excellent article in Salon which took on the utter shallowness of the current frenzy of making Elizabeth Warren admit she's going to have to raise taxes to pay for Medicare For All. This article impressively paints the bigger picture and offers up several soundbites that I wish we had heard from both Warren and Bernie Sanders in last week's debate. Warren and Sanders are the ones defending Medicare For All, but so far they have struggled to do so in a way which directly answers some of the inane criticism not only from the pundits but also from several centrist Democratic presidential candidates as well.

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Friday Talking Points -- They Just Don't Care Anymore

[ Posted Friday, October 18th, 2019 – 18:14 UTC ]

We've reached the stage where Donald Trump and his henchmen are no longer even pretending to care about their lawlessness -- they're just doing it right out in the open for everyone to see, daring their fellow travellers in the Republican Senate to care. Right after Trump's White House chief of staff admitted that there was indeed a quid pro quo in Trump's call to the Ukraine, the White House announced that the upcoming G-7 summit would take place at Trump's own Florida resort. Both are, quite obviously, impeachable offenses. Right out there in the open, for all to see.

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New Rule: No Repeat Debate Questions

[ Posted Wednesday, October 16th, 2019 – 16:29 UTC ]

I have a proposal for a new rule for the Democratic presidential debate moderators, going forward: no repeat questions should be allowed. It's a pretty simple idea, really. The moderators would be barred from asking the candidates questions that have already been asked in previous debates. After all, there are plenty of other subjects that have yet to be talked about, so why should voters be subjected to these re-run debate segments, over and over again?

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My Snap Reactions To The Fourth Debate

[ Posted Wednesday, October 16th, 2019 – 00:37 UTC ]

As usual, what follows are my snap reactions to the fourth Democratic presidential debate, held earlier on CNN. But this time I'm opting for a somewhat simpler format. I'm only giving personal reactions to five of the 12 candidates (which does include the three frontrunners). Then I'm going to give some reactions grouped loosely together, under categories such as "good argument / good delivery" or "amusing moments." We'll have to see whether this is a time-saver or not, in the end.

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Friday Talking Points -- As The Clown Car Empties

[ Posted Friday, October 11th, 2019 – 17:22 UTC ]

The amusing thing about a circus clown car is, of course, that just when you think that itty-bitty car couldn't possibly vomit forth any more clowns... a few more climb out. That's what this week's news of the arrest of two "clients" of Rudy Giuliani (Lev Parnas and Igor Fruman) as they were attempting to flee the country certainly felt like.

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Xi, Who Pays The Piper, Calls The Tune

[ Posted Tuesday, October 8th, 2019 – 17:10 UTC ]

I don't think I've ever used this column to comment on the world of basketball, but there's always a first time for everything. The National Basketball Association is currently struggling with a conflict between free speech and making piles of money in China. It is a struggle that many American corporations have faced before, and it boils down to one basic fact: if you want China's money, then you have to play by their rules, period. Chairman Xi is paying the piper, so he gets to call the tune. The concept is clear, and nobody's forcing any company to do business with China, but if any American company does want to tap into their billion-person market, then they've got to follow the Chinese rules for doing business there. And most of those rules are antithetical to democratic norms, which makes perfect sense because China is an authoritarian state.

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Friday Talking Points -- Quid, Meet Quo

[ Posted Friday, October 4th, 2019 – 16:30 UTC ]

The impeachment whirlwind shows no signs of slowing down, and in fact each day brings more and more evidence that President Donald Trump is using American foreign policy as his own personal opposition research to undermine his Democratic political opponents. Which, of course, is an eminently impeachable offense.

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Friday Talking Points -- Collusion, Collusion, Collusion!

[ Posted Friday, September 27th, 2019 – 17:22 UTC ]

This has been an extraordinary week, in a presidency chock-full of extraordinary weeks. Call it extra-extraordinary, we suppose. The country went from hearing vague things about Trump stonewalling a congressional committee to full-on impeachment in a matter of hours, it seemed. Or days, at the longest. We went from zero to impeachment in record time, giving Trump a new superlative to brag about: fastest scandal ever.

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Friday Talking Points -- Ukraine-gate? MassiveTrumpCollusion-gate?

[ Posted Friday, September 20th, 2019 – 18:05 UTC ]

We're in the midst of a brand-new breaking scandal -- one that's so new it hasn't even been assigned a "-gate" label yet. Ukraine-gate? Kiev-gate? MassiveTrumpCollusion-gate? As was entirely appropriate, Hillary Clinton had the pithiest tweet of the week: "The president asked a foreign power to help him win an election. Again."

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