Monthly Archives: June 2015

Anil Kashyap on Greece

Probably the best analysis so far. Mostly, it is a recap of the past. But in talking about the pending referendum, he writes, if the public sides with Tsipras government, then there will be a very sharp recession over the … Continue reading

Posted in Eurozone Crisis, government debt crisis, links to my essays | 4 Comments

Sustainable Capitalism

Jesse Ausubel writes, Agriculture has always been the greatest raper of nature, stripping and simplifying and regimenting it, and reducing acreage left. Then, in America, in about 1940 acreage and yield decoupled. Since about 1940 American farmers have quintupled corn … Continue reading

Posted in energy and the environment | 12 Comments

State Nullification of the Federal Income Tax?

Ryan H. Murphy writes, In principle, the state could effectively end the federal income tax by using two surprisingly simple and straightforward legislative maneuvers—neither of which involves secession. Texas could choose to send its federal taxpayers a check in the … Continue reading

Posted in Uncategorized | 11 Comments

When Economists Were Right, Allegedly

Richard Baldwin writes, Barry Eichengreen added specificity to this in January 2009 with his insightful column “Was the euro a mistake?”, noting: “What started as the Subprime Crisis in 2007 and morphed in the Global Credit Crisis in 2008 has … Continue reading

Posted in government debt crisis, Mark Thoma is Indispensable | 6 Comments

Unwinnable Arguments and Normative Sociology

Young African-American males experience a high incarceration rate. Progressives, conservatives, and libertarians each have a desired cause for this. Progressives: racism in the criminal justice system Conservatives: high propensity of young African-American males to commit crimes Libertarians; the war on … Continue reading

Posted in Three-Axes Model | 25 Comments

Explaining the Three Languages of Politics

Diana Shieh and Paul Shieh do an outstanding job of explaining the Three Languages model.

Posted in Three-Axes Model | 1 Comment

What Bureaucracies Do

Megan McArdle writes, Does Congress need to give agencies a freer hand in developing good systems? I’m all for it. Should Congressional Republicans commit to support the president in hardening our government against cyber-attacks and other disasters, rather than simply … Continue reading

Posted in business economics | 14 Comments

Opaque Defaults

James Hamilton writes, The bottom line for me is that Greece’s current debts and any new loans that get extended from here are not going to be repaid in the present-value sense defined above. The current debt load and its … Continue reading

Posted in government debt crisis | 8 Comments

Brink Lindsey on Progressive Deregulation

He writes, Despite today’s polarized political atmosphere, it is possible to construct an ambitious and highly promising agenda of pro-growth policy reform that can command support across the ideological spectrum. Such an agenda would focus on policies whose primary effect … Continue reading

Posted in Growth Causes and Consequences, Politics, regulation | 18 Comments

Desired Causes and Actual Causes

Joseph Heath writes, Often when we study social problems, there is an almost irresistible temptation to study what we would like the cause of those problems to be (for whatever reason), to the neglect of the actual causes. When this … Continue reading

Posted in Politics, Three-Axes Model | 11 Comments