The UK government’s proposed “breach” of its Withdrawal Agreement with the European Union is purely a negotiating ploy. Critics of Prime Minister Boris Johnson’s tactics must argue their case on pragmatic rather than legal grounds. LONDON – Whenever the great and the good unite in approval or condemnation of something, my impulse is to break ranks. So, I find it hard to join the chorus of moral indignation at the UK government’s recent decision to “break international law” by amending...
Read More »The Combination of Things
What about all the forest fires in the West? The most proximate cause of these fires is high temperatures along with associated lightning and high winds; both of which, directly or indirectly, can easily ignite a fire in tinder dry forests. Beyond beyond being dry, many western forest are far from being healthy. There are large areas in the southern Sierra Nevada Range where the forest are dead and gone; they were the first to go. There is less damage to...
Read More »What Would Keynes Have Done
In the long-run, Covid-19 may well change the way we work and live. It may – and should – lead us towards a greener, less consumption-driven economy. The question for now is what to do about the economic devastation it will bring in its wake. Around 730,000 UK jobs were lost between March and July, the biggest quarterly decline since 2009, and unemployment is forecast by the Office for Budget Responsibility to reach its highest level since 1984 (11.9 per cent). The coming downturn is...
Read More »The 2020 Presidential and Senate nowcast: the races congeal
The 2020 Presidential and Senate nowcast: the races congeal Here is my weekly update on the 2020 elections, based on State rather than national polling in the past 30 days, since that directly reflects what is likely to happen in the Electoral College. Remember that polls are really only nowcasts, not forecasts. They are snapshots of the present; there is no guarantee they will be identical or nearly identical in early November. Let’s begin with Trump’s...
Read More »Asking Trump as to Why He Lied
[embedded content]Trump being asked why he lied to the American People by ABC’s White House correspondent Jonathan Karl About Time!
Read More »How Big Of a “Hoax” Is That “Dirty Dossier”?
How Big Of a “Hoax” Is That “Dirty Dossier”? In the wake of the Atlantic story by Jeffrey Goldberg about President Trump reportedly referring to the dead Americans lying in the Aisne-Marne Cemetery near Paris as “losers” and “suckers,” along with a lot of other embarrassing things for him, Trump has called Goldberg a “slimeball” and that that this report is another “hoax” like “the dirty dossier” of Steele, along with “Russia, Russia, Russia” also being...
Read More »What is Looting?
[unable to retrieve full-text content]“Looting is a natural response to the unnatural and inhuman society of commodity abundance.” — Guy Debord, “The Decline and Fall of the Spectacle-Commodity Economy.” The photograph used in Andy Warhol’s 1964 print, “Race Riot” was taken by Charles Moore and was published in LIFE magazine in May of 1963. Warhol used it without permission […]
Read More »The Crowding-Out Myth
The argument that public investment invariably “crowds out” private capital is wrong both theoretically and empirically. States have always played a leading role in allocating capital, either through direct investments, or by deliberately encouraging certain types of private investment.LONDON – Three economic effects of COVID-19 seem to be generally agreed upon. First, the developed world is on the brink of a severe recession. Second, there will be no automatic V-shaped recovery. And...
Read More »The 2020 Presidential and Senate polling nowcast: partisan positions continue to harden
The 2020 Presidential and Senate polling nowcast: partisan positions continue to harden Here is my weekly update on the 2020 elections, based on State rather than national polling in the past 30 days, since that directly reflects what is likely to happen in the Electoral College. Remember that polls are really only nowcasts, not forecasts. They are snapshots of the present; there is no guarantee they will be identical or nearly identical in early...
Read More »Progressive politics and the pandemic
How will the COVID-19 pandemic and the protests over the police murder of George Floyd and other black people affect the political mood in the United States? The libertarian-leaning economist Tyler Cowen suggested in March that the COVID-19 pandemic would mark the “death of the progressive left.” It would erode support for key progressive goals, including redistributive economic policies and aggressive action on climate change. He asked provocatively...
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