EconoSpeak

 OK, I confess I am mystified.  An article in The Guardian by Musa al-Gharbi looks at the data now available on voting patterns in the US presidential elections of 2016 compared to 2020.  Almost all groups moved towards being more pro-Trump, including both Black men and women, Hispanic men and women, Asian men and women, and white women.  The only group that moved away from Trump was white men, with his margin declining from 31% to 23%.  It is true that the minority groups overall supported...

Congratulations to Brad Setser for being selected to be the Agency Review Team for the Office of the United States Trade Representative. I’m curious, however, as to his views on certain aspects of President Elect’s proposals with respect to corporation taxation. There was lots to criticize as to the 2017 Tax Cuts and Jobs Act. Conservative economists were correct to note that it made corporation taxation more complicated. Progressives objected to the dramatic reduction in corporate tax...

 Officially Trump continues to hold a hard line of denying he has lost, with most GOP officeholders continuing to support his denials publicly, and he is likely to continue to not officially concede in various ways, including such as blocking official support for the transition process to a future Biden admin, which is potentially damaging in various ways.  Nevertheless, after some important developments in the last day or so and Trump's presser today (well, technically yesterday as it is...

The Washington Post has a story about the Erie, Pennsylvania postal worker who claimed to not have not recanted his fantasy about overhearing a conspiracy to backdate ballots. For some unknown reason Project Veritas thinks the audiotape of the postal worker's interview with investigators from the Post Office Inspector General's proves the opposite of what it does. There is no coercion in the interview. The investigators repeatedly advise Hopkins of his right to not speak to them and his...

 I realize that Joe Biden just held a press conference where he basically dismissed the refusal of Trump and a lot of other Republicans to concede the presidential election to Biden as "embarrassing," laughing at SecState Pompeo who earlier today talked about a transition to a second Trump term, and said it will all be over and fine by Jan. 20.  Maybe, but I am somebody who has taken seriously for a long time words from people like Michael Cohen and more recently Mary Trump who have said he...

 The New York Times today has a story about a new study that claims Alexander Hamilton owned slaves right up to the end of his life.  There doesn’t seem to be new evidence but a new, more assertive interpretation of it.  I know little about the period or Hamilton in particular, so my opinion doesn’t mean much, but the argument struck me as persuasive.  I would be surprised to find out that Hamilton wasn’t a slave owner.But here’s the thing: the article’s writing endorses the new language...

 Really, it was not planned with politics in mind.  In Harrisonburg, VA we are an hour drive from Charlottesville, VA, and we have in the past maybe about 2 times every 3 months or so gone over there to shop, eat, hang out, etc.  I used to go to UVa to the library or to see people I know, but all that has faded away to nothing over time.  In the pandemic we have cut it way back, and it had been several months since we had been there.  But today the weather was nice, clear and in the 70s,...

 Crickets.UPDATE: George W. Bush: “I just talked to the President-elect of the United States, Joe Biden. I extended my warm congratulations and thanked him for the patriotic message he delivered last night.”

 As I write this the outcome of the presidential election remains uncertain, although the trends seem to be heading steadily in Biden's favor and it seems very unlikely he will lose, but the hanging on of this is beginning to get to many of us.  Most other races have been decided, although some of those are still up in the air.  In any case, although it is near certain Biden will win, it will be by a substantially lower margin that forecast by the main polls, with him not taking several...

 I am about to turn in and let the vote counting continue without me.  It will be a troubled sleep, since the election was mostly a disaster.  (Universal preschool won in Oregon, and if everywhere were like here I would be happier.)Meanwhile two questions:1. What went wrong with the polls?  They didn’t do too badly in 2016; the popular vote was close to the consensus prediction, and the electoral college was a squeeker within the margin of error.  This time though the polls were apparently...